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Xauusddaily

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
TVC:GOLDShort
by yanuarmanalif
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
TVC:GOLDShort
by yanuarmanalif
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
TVC:GOLD
by yanuarmanalif
GOLD DAILY 31/08/2018Gold starts moving below the pivot and breaks suppot on trading yesterday, but still looks bullish divergence and the price is still in the previous demand zone. First option: -Open long positions if the price breaks and moves above the pivot -TP 1 at the first daily resistance -TP 2 to the second daily resistance -SL in pivot or in the last swing low. -Wait for confirmation to open a position Second Option: -Open short positions if the price goes to the second daily resistance -TP 1 at the first daily resistance -TP 2 is the first daily support if the price breaks down the pivot -SL at the second daily resistance or at the last swing high -Wait for confirmation to open a position Third option: -Open short positions if the price turns out to be unable to break and stay above the pivot -TP 1 is the first daily support -TP 2 is the second daily support -SL in the pivot or in the last swing high -Wait for confirmation to open a position
TVC:GOLD
by yanuarmanalif
GOLD DAILY 08/29/2018Prices have moved below the daily pivot but are still stuck and there is still a chance to continue the channel formed. First Option: -Open a Buy position if the price moves up again above the pivot. -TP 1 at the first daily resistance -TP 2 at the second daily resistance -SL can be placed below the pivot or at the last low ($ 1199 / oz) -Wait for confirmation to open a position Second Option: -Open a Sell position if the price breaks low and exits the channel ($ 1195 / oz) -TP is the second daily support -SL can be placed above the first daily support or some points in it -Wait for confirmation to open a position
TVC:GOLD
by yanuarmanalif
GOLD - Fourteen hundredGold had every chance to tag to the purple trendline while the dollar rallied. That never happened though. Gold's intermediate corrections was getting shorter and shorter during the last year. The reason is the central banks' money printing since 2009. I think that money landed in the stock market first and in the last year it was migrating into the precious metal sector. Notice how shallow was the gold drop despite the dollar rally : This long call is based on the Heikin Ashi daily chart : we are printing the 3rd green candle with MACD crossing over and RSI 6 intermediate correction signals. A daily close above 1358-1360 will signal the breakout and a clear path to 1400. First target is 1400 in the next 3 weeks. Levels to watch: 20 EMA Blue trendline 100 SMA 1360 Level
OANDA:XAUUSDLong
by chartwatchers
21
XAU/USD tests dominant channel downXAU/USD tests dominant channel down In result of the surge that was triggered by two disappointing macroeconomic data releases as well as the rising 55- and 100-hour SMAs the price of yellow metal ended up at the 1,273.00 mark. The further advance seems unlikely, as the exchange rate faces resistance formed by the monthly PP and the upper trend-line of a four-month long dominant descending channel that supposedly started to transform into rising wedge formation. However, the overall market sentiment as well as allocation of pending orders suggest that rise of the bullion might continue. In case the pair crosses the above barriers, it will be free to climb up to the 1,287.15 level, which represents location of the 100-day SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD relentlessly tries to reach monthly R1 at 1,298.00XAU/USD relentlessly tries to reach monthly R1 at 1,298.00 Despite release of better than expected American housing data the bullish pressure prevailed. To certain extent, the surge was supported by a combination of the 55-, 100- and 200-hour SMAs in conjunction with the monthly PP. However, the fact that the pair managed to break through the upper boundary of medium-term ascending channel and practically reach the monthly R1 at 1,298.01 suggests that traders were also concerned about discussion and vote on the new tax reform plan. At the moment, it is too early speak about dissolution of the above pattern, as it is possible to simply adjust its boundaries. In that case, the exchange rate is expected to start moving in the opposite direction and trying to reach the weekly PP at 1,287.22, which soon will become additionally strengthened by the rising 55-hour SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD trades below moving averages XAU/USD trades below moving averages Using support provided by the 55-, 100- and 200-hour SMAs together with the monthly PP, the exchange rate managed to climb to the weekly R1 located at 1,287.92. In other words the pair has practically managed to form the third reaction high of a four-week long ascending channel. However, a release of widely expected American data created a momentum that enabled bears to return the rate back to the weekly PP at 1,277.10. Hence, all four abovementioned support levels turned into resistance. As they are all concentrated around the 1,279.00 mark, it is unlikely that bulls will manage to push the pair through them without new strong upside momentum. There is a need to notice that the similar situation has already happened in beginning of the week when the gold failed to climb upstairs after a solid strengthening of the buck.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD falls by 1.1% XAU/USD falls by 1.1% The exchange rate dropped by almost 1.1% on Friday in result of 10 minutes trade that moved about 4 million ounces of the precious metal. Nevertheless, the drop was generally anticipated, as it illustrated a breakout from the rising wedge formation on daily chart. In any case, there are two main options for further movement of the pair. As majority of traders remain bullish on the pair, they might try to elevate it to the pre-fall 1,283.90 level. However, the fact road to the north is obstructed by the weekly PP and the 200-hour SMA as well as the 61.8% retracement level and the monthly PP, the pair is likely to form either a flag or pennant pattern and then resume the downfall. Such scenario would also be in line with trade pattern theory.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD breaks from falling wedgeMorning outlook - XAU/USD breaks from falling wedge In result of the previous trading session, the exchange rate made a breakout from the falling wedge formation. The surge was not sharp, as the pair was slowed down by a combination of the 55- and 100-hour SMAs as well as the 61.8% Fibonacci retracement level. In first half of the day the pair is expected to test the 200-hour SMA near 1,284.77. The strength of this moving average most probably will force the pair to temporarily retreat. In larger perspective the yellow metal might notably recover against the buck, as the above breakout simultaneously signified a rebound from the bottom trend-line a one-month long ascending channel. In that case, there the pair is unlikely to reach the support line of a long term dominant ascending channel in the foreseeable future.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAUUSD : WATERFALLSHi traders! (This trade was already shared with students) I needed confirmation of the down move before going into this trade. Now that gold clearly broke support and close under it is what we needed. USDJPY also showed us the way! We will have a classic retracement of the up move with gold going for those FIB extension Here is what I'm thinking : XAUUSD SHORT: ENTRY : 1283.77 SL : 1289.67 TP : 1260.26 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
FX:XAUUSDShort
by ScottMescudiForex
2
XAU/USD surges in two channelsMorning outlook - XAU/USD surges in two channels Due to increase of the US Consumer Price Index, the yellow metal continued to advance against the buck simultaneously in two ascending channels. On the one hand, the pair is experiencing pressure from the 55- and 100-hour SMAs, which are continuously pushing it to the top. On the other hand, the pair faces a notable resistance level formed by the monthly PP at 1,304.85, which it has already failed to bypass once. There is a need to notice that intersection between the above two channels reminds another pattern, i.e. rising wedge. If this assumption is true, the pair has to make a breakout to the bottom somewhere between the 1,305 and 1,310 marks. However, if macroeconomic background will remain unfavourable, the rate most likely is going to surge to the 1,314 level.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAUUSD : POWER TRIP!Hi traders, Here we have a nice MM move with that daily wick after NFP happened. I always try to keep a close eye on this type of movement as it changes trends. This makes this entry a very nice RR trade. MACD divergence MM daily wick Heavy support at current price level Here's what I think : XAUUSD LONG: ENTRY : 1273.87 SL : 1259.93 TP : 1315.70 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
FX:XAUUSDLong
by ScottMescudiForex