Xauusddaily
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 $1300-Zone.
XAUUSD Bullish speculationExpecting a bullish movement after the retracement is done and the bearish flag is broken OR we might shoot straight up, price action will tell.
XAUUSD - Needs to test trend line again2 importants lines,
- Horizontal resistance
- Trend line
Both of them has been working for years, difficult to break them,
I'm waiting move through the trend line
GOLD DAILY 09/21/2018Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, invalid if the price breaks below 1200, a big chance of a break up, completing the wave (E) in the weekly movement.
Daily Pivot:
R4 1227.83
R3 1220.43
R2 1213.03
R1 1210.26
Pivot 1205.63
S1 1202.86
S2 1198.23
S3 1190.83
S4 1183.43
Option :
-Open long positions if the price does not break down the first support
-TP at the first or second daily daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
GOLD DAILY 09/20/2018Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, a big chance to break up, finish the wave (E) in the weekly movement.
Daily Pivot:
R4 1227.31
R3 1219.11
R2 1210.91
R1 1207.43
Pivot 1202.71
S1 1199.23
S2 1194.51
S3 1186.31
S4 1178.11
Option :
-Open long positions
-TP at the first and second daily daily resistance
-SL previous pivot or swing low support
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
GOLD DAILY 09/18/2018Gold still looks moving in the pattern formed, and moves in the daily pivot area for today. Today if the price does not break the pattern by breaking below the first daily support ($ 1194.03 / oz) there is a good chance the price will move to the first daily resistance area ($ 1206.43 / oz).
Daily Pivot:
R4 1236.66
R3 1224.26
R2 1211.86
R1 1206.43
Pivot 1199.46
S1 1194.03
S2 1187.06
S3 1174.66
S4 1162.26
Option :
-Open long positions if the price does not break below the first daily support
-TP at the first daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
GOLD DAILY 09/17/2018Gold closes below the daily pivot for today, the RSI indicator is already in the oversold area and the price seems to start losing momentum. The chance is that if the price does not break the first daily support, the price will move back up to the pivot area.
Daily Pivot:
R4 1246.30
R3 1230.40
R2 1214.50
R1 1204.40
Pivot 1198.60
S1 1188.50
S2 1182.70
S3 1166.80
S4 1150.89
Option :
-Open long positions if the price does not break below the first daily support
-TP on a daily pivot
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
GOLD DAILY 09/14/2018Gold moved again in the pivot area after having broken down the daily pivot for today. There are two possibilities, if 5th wave has finished in yesterday's hike then the chances are bearish, if it turns out yesterday's hike is a continuation of the 3rd wave then the chances are still bullish. Since divergence appears then the chances are greater in the first possibility, conrfirm if it breaks down the pivot.
Daily Pivot:
R4 1242.65
R3 1230.00
R2 1217.35
R1 1209.40
Pivot 1204.70
S1 1196.75
S2 1192.05
S3 1179.39
S4 1166.74
First option:
-Open long positions if the price does not break below the daily pivot
-TP at the first daily resistance
-SL pivot daily or previous swing low
-Wait for confirmation to open a position
Second option:
-Open short positions if the price breaks daily pivot
-TP at the first daily support
-SL on the previous pivot or previous swing high
-Wait for confirmation before opening a position
Follow, thumbs up, and share for updates every day
GOLD DAILY 09/11/2018Gold is still consolidating to form a triangle pattern and moving in the daily pivot area.
Daily Pivot:
R4 1216.93
R3 1209.63
R2 1202.33
R1 1198.76
Pivot 1195.03
S1 1191.46
S2 1187.73
S3 1180.43
S4 1173.13
First option:
-Open long positions when the price breaks up the triangle
-TP at the first daily resistance
-SL can be placed in the first daily support or previous swing low
-Wait for confirmation to open a position
Second option:
-Open short positions if the price breaks down the triangle
-TP at the second daily support
-SL on the previous pivot or swing high
-Wait for confirmation to open a position
GOLD DAILY 09/07/2018Gold moves in the pivot area for today after yesterday having broken R2 but still back down. wich is the price breaks down the pivot down there is a chance to continue the pattern, but if the price breaks the previous high then the chance to continue move up.
Prices now have formed a bearish candlestick.
Daily Pivot:
R4 1235.23
R3 1223.78
R2 1212.33
R1 1206.26
Pivot 1200.88
S1 1194.81
S2 1189.43
S3 1177.98
S4 1166.53
Option:
-Open short positions
-TP1 at the first daily support (S1)
-TP2 at the second daily support (S2)
-Economic data today will add to volatility, there is a chance that prices will pass through the second daily support.
-SL can be placed on the previous swing high pivot
-Wait for confirmation to open a position
GOLD DAILY 10/09/2018Gold consolidates to form a triangle pattern, looks like there is a bullish exaggerated divergence even though the pattern forms a descending triangle, if you look at the chance for weekly movement then the chance for daily if the price moves bullish then the chance it move to the first daily resistance area.
and if bearish then the chance it will move to the second daily support.
Daily Pivot:
R4 1228.61
R3 1218.31
R2 1208.01
R1 1202.23
Pivot 1197.71
S1 1191.93
S2 1187.41
S3 1177.11
S4 1166.81
First option:
-Open long positions when the price breaks up the triangle
-TP1 is a few points above the pivot
-TP2 at the first daily resistance (R1)
-SL can be placed in the first daily support or previous swing low
-Wait for confirmation to open a position
Second option:
-Open short positions if the price breaks down the triangle
-TP at the second daily support
-SL on the previous pivot or swing high
-Wait for confirmation to open a position
GOLD DAILY 09/05/2018Yesterday Gold moved down and closed below the daily pivot for today. Price is already in the first weekly support area ($ 1192.70 / oz) and is at the channel support line that is formed. Looking at the daily price movements in the past week there is a chance the price moves to form XABCD or maybe three drives pattern. Chances are the price will move back up to the weekly pivot area ($ 1203 / oz).
Option:
-Open long positions if the price does not break the channel or break the first daily support
-TP1 on daily pivots
-TP2 at the first daily resistance
-SL can be placed in the first daily support or previous swing low
-Wait for confirmation to open a position
GOLD DAILY 09/06/2018Prices are moving up and still in the channel, the price is at the first daily resistance, 200 MA on TF 1H chart is in the second daily resistance area, if price continues three drives pattern then there is a good chance it will turn down at the second daily resistance, invalid if price breaks up out of the channel.
Daily Pivot:
R4 1218.20
R3 1210.50
R2 1202.80
R1 1199.50
Pivot 1195.10
S1 1191.80
S2 1187.40
S3 1179.70
S4 1172.00
Option:
-Open short positions if price does not break the channel or break the second daily resistance
-TP1 on daily pivots
-TP2 at the first daily support (S1)
-SL can be placed at the second daily resistance or previous swing high
-Wait for confirmation to open a position
GOLD DAILY 09/03/2018Gold closes below the daily pivot for today, and forms a lower low and lower high, the chance of a price increase will continue to move lower.
First Option:
-Open short positions below the first daily resistance ($ 1206.72 / oz) if the price rises above the pivot but cannot pass and hold above the first daily resistance.
-TP1 on the daily pivot ($ 1202.46 / oz)
-TP2 at the first daily support ($ 1196 / oz) if the price moves past the pivot.
-SL at a few points above the first daily resistance or on previous swing high.
-Wait for confirmation to open a position
Second Option:
-Open short positions below the daily pivot ($ 1202 / oz) if the price can't go above and stay above the daily pivot.
-TP1 at the first daily support ($ 1196 / oz)
-TP2 at the second daily support ($ 1191 / oz)
-Wait for confirmation to open a position
GOLD DAILY OPPORTUNITY 09/04/2018today opened slightly above pivot, and still moves in the daily pivot area for today. The price movement looks to be consolidating and forming a triangle pattern, wait for the price to break out the pattern to open a position.
First option:
-Open long positions if the price breaks up
-TP1 at the first daily resistance
-TP2 at the second daily resistance
-SL on pivot or a few points below it
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price breaks down the pattern
-TP1 at the first daily support
-TP2 at the second daily support
-SL on pivot or a few points above it
-Wait for confirmation to open a position
