Xauusdlongterm
XAU/USD: my analysis until 2020 ends (LONG biased) Hi !
⁂ BUY zone: $1820-$1900
↳ the rest of the analysis summary, shows at the chart
feel free and welcome to comment and post your own idea and forecast.
Remember: this is a positional trade and I may share opposite trades during the coming weeks. this is my core INVESTMENT approach and less frequent trading orientated.
good luck !
XAUUSD, REACHING THE LIMIT?**ENG**
- Gold is almost reaching our all time high, however, we are expecting some kind of reversal from the 1900 level.
- This view is at the weekly timeframe but we would be looking for entries at the lower timeframes, such as 2H/4H.
- Huge potential reward from this pair, just be extra careful when placing entries.
**PT**
- Gold está de momento preste a atingir o nosso alto mais alto de todos os tempos (+/- 1911), no entanto nós gostaríamos de ver uma retração agressiva do preço na zona dos 1900.
- Esta visão está no período temporal semanal, onde conseguimos ver o que sobrecomprado se encontra o preço, apesar de estarmos em semanal, nós iremos procurar entradas em períodos temporais inferiores como 2H e 4H.
- Enorme potencial de retorno, sê apenas extra-cauteloso ao abrir uma posição, aguardar pela melhor confirmação possível.
GOLD MONTHLY CHART LONG GOLD WILL CONTINUE PUSHING UP TO 1786 AND THEN WILL SEE A DROP TO 1550-1590 AND WE SEE A MASSIVE PUSH TO THE UPSIDE.IF YOU WANT TO TAKE A LONG TERM LONG BUY POSITION YOU HAVE TIO WAIT UNTIL GOLD REACHES THE POINT 1 IN MY ELLIOTWAVE ANALYSIS. HOPE I HELPED YOU DEVELOP YOUR LONG TERM VISION ON GOLD . SEE YOU SOON GUYS
XAUUSD potential double top formation on Daily frame A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
.we suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
XAUUSD approaching resistance, look out for potential reversal!
XAUUSD is approaching its resistance at 1520.00 where it is could reverse down to its support at 1480.00.
*Disclaimer.*
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