Gold End of April analysisWe are now on a clear downtrend on Gold as predicted, wait for retest on the trendline to add more sells in aditional to the sell from 1732, Put Sl 1720 and TP at 1680 to 1650
Xauusddaily
XAUUSD | Daily Candles Suport the Uptrend| @GoldenScaleTrading | This is just a study that proves and confirms the uptrend that is going to happen in Gold in a longer scale. Check the idea related to this one to see the full study.
Ill be looking for Buying opportunity on Gold this week My Idea on Gold this week is to look for buying opportunities, also seeing a M pattern forming but we would have to see how this couple of candles closes, Ill keep on a look out if it reaches the 1550.00 zone if it breaks structure will have another whole picture
XAUUSD LONGThe chart suggests that GOLD will regain upward momentum after hitting a well respected support zone (indicated in yellow) and possibly continue up to 1516.00 price points with the possibility to continue further into record highs.
However, due to golds volatility today the possibility of a breakout of this zone is looking more and more likely, which could be the beginning of strong downward movement for GOLD.
At this moment in time I am long in GOLD as the resistance zone is still being respected. A breakout would mean I will trade short
XAUUSD longGOLD carrying momentum after breaking through resistance trend lines.
Dragonfly doji candle forming showing sign of further highs.
Possibility of reaching 1502.00 price point
My Idea for Gold for the upcoming hours (XAUSD) Seeing a quick Scalp for the upcoming hours, with the confirmation of the correct patters, also could be a confirmation of a Bullish reversal.
XAUUSD - Predictions for the coming weekI think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box).
Following this the market could either reverse and gain momentum, heading towards 1344.76, or break the upward trend line and lose some of what was quickly gained in the past week.
I am not sure on where a lower support will be established due to the many factors which could contribute to price increase or decrease (a big one being trumps twitter account), however I do believe that the 1344.76 will be tested and broken this week. All thoughts and feelings welcome, provided that someone reads this.
Double top formation leading to short!Waiting for a double top formation to occur. We are going to short the double top pattern. Aiming for $1300-Zone.
XAUUSD Bullish speculationExpecting a bullish movement after the retracement is done and the bearish flag is broken OR we might shoot straight up, price action will tell.
XAUUSD - Needs to test trend line again2 importants lines,
- Horizontal resistance
- Trend line
Both of them has been working for years, difficult to break them,
I'm waiting move through the trend line
GOLD DAILY 09/21/2018Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, invalid if the price breaks below 1200, a big chance of a break up, completing the wave (E) in the weekly movement.
Daily Pivot:
R4 1227.83
R3 1220.43
R2 1213.03
R1 1210.26
Pivot 1205.63
S1 1202.86
S2 1198.23
S3 1190.83
S4 1183.43
Option :
-Open long positions if the price does not break down the first support
-TP at the first or second daily daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
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