Xauusd/Gold AnalysisFX:XAUUSD
XAUUSD/Gold Analysis
- The US Dollar fundamentals came out positive which can made the dollar to gain some strength of which Gold might get weak
- by Following the technicals gold is now in a corrective fase of which we might see a bearish breakout due to the previous daily low that has been taken out and now been retested
Xauusddaily
GOLD ANALYSISGold has been recovered past few days quite well. From the monthly chart, We can see Bullis Head and Shoulders pattern forming. The weekly Chart also has the same pattern. On the daily chart, we have seen a nice move to the upside.
After this impulse to the upside, we want to see a correction to at least the 1785-1790 region before continuing the upside.
So, we will be looking for the price to give us a correction and we will look to go long if all the rules of the strategy satisfy.
Feel free to ask me anything :)
XAUUSD AnalysisOkay so, past 2 weeks gold gave a big drop of 100 USD which was expected as it is completing its bullish heads and shoulders in one month's chart which means a big bullish move is loading. Markets have been trading in a range for some time now. So, how can we approach entries???
We still have a bullish bias on gold as it's retesting a strong 61.8 Fibonacci level and we expect that gold might move up from this region.
If you want to take a long position then take it do not wait because it will give you a +300usd move to the upside if head and shoulders pan out and caution do not short it's all just manipulations wicked market is doing to us. They just want to shrug off some positions by taking out their stop losses.
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GOLD: Approaching Resistance Possible DownHi Dear,
I See the Dollar Index will grow soon.
Its time to sell now approaching on resistance?
If i change to higher time frame (Daily) it seems like bull flag.
I use sell on 1780-1785
With Stop loss on 1790
If you have any idea, leave comment below and like this post.
Appreciate it if you share any idea.
Thank you
XAUUSD DAILYMy take on friday, IMO will be bit more action today nothing drastic until next week though.
LDN should bring it up to atleast the 1820s if it breaks through we could be look at 1836-1850 during before it comes back down, but IMO this scenario will only happen if LDN can bring it up above 1820, if not back to 1808 we come if this zone is broken possibly will reach 1800 before the end.
Drop your opinions on what your thoughts are!!!
XAUUSD Daily analysis First XAUUSD broke the daily support of 1920.00 and made a big move to the downside. After that big impulse market retested to the 0.618 Fibonacci. In the retest, the market created a head and shoulder pattern and a trendline. I made an analysis explaining from here why we wanted to see XAUUSD made a move to the downside. The market broke the trendline tested it and made an impulse to the downside. Now, Recently the market has tested the 0.5 Fibonacci of that impulse. If you don't have an open position in XAUUSD this is the right time to sell XAUUSD. We can see XAUUSD move to 1830 or 1815 this month.
XAUUSD - CRASH PENDINGAn update to a previous idea - CLEANER CHART
From what i can see gold is consolidating on all lower timeframes, it is testing support and from what I can see we are ready for a crash
Price was previously on a downtrend and made a big recovery and just kept rising.. If OIL is anything to go on it did something similar before dropping and as we all know patterns usually take place on multiple instruments
GOLD is no different and I can see it dumping before a big recovery