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Xauusdtrade

Time to book our profits!Ok, guys, now I’m out of GOLD! I told you that I would only sell my position if it closes under the “support zone”, which it did today, and I booked some profits. I should’ve sold it near the black line, but I took my chances here, since I’m in a winning streak from my previous trades with cryptos and oil. If you missed any of these analyses, or my previous GOLD analyses, the link to them are below, as usual. Also, you are invited to follow me to keep in touch with my trades and analyses. But GOLD may be only doing a pullback to the 21 ema again, if you look at the daily chart here: If that’s the case, I’ll look silly, yes, that happens. But don’t matter anymore, I’m out, and I’m seeking another opportunity. Stick around for more updates! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:GOLD
by Nathan_The_Finance_Hydra
When your position management is "GOLD"!Ok, so we took our chances, and now it seems things are working out for us! As I said in my previous analysis, I thought it would be a nice idea to keep our position, despite of yesterday’s candle. If you missed my previous GOLD analysis, the link to it is below, and I invite you to follow me to keep updated about our trades and analyses. Yesterday’s candle is pretty scary, right? I mean, a Shooting Star that closed under a natural resistance, which is the previous top in this case. Yes, but I guided myself though the hourly chart to manage my position, because sometimes a Shooting Star is just a pullback at shorter timeframes. Let’s take a look: I said I would only book my profits if the price closes under the “support zone”. It’s still dangerously close to this zone, I confess, and this is annoying, but I should obey the chart, no matter what. Now the price is trading above the 21 ema and it seems it did a double bottom inside the support zone (an Eve & Adam type), which is good, all bullish signs. Let’s see if the bulls will manage to keep the prices up. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:GOLD
by Nathan_The_Finance_Hydra
2
We will finally BOOK our PROFITS? Hold on...Ok, so gold is doing a bearish sign under a resistance zone, which is the previous top. As I said in my last GOLD analysis this movement was expected. If you missed my last analysis, the link to it is below, and remember to follow me to keep updated on our trades and analyses. I’ll maintain what I said Friday, if you are a faster trader, you could’ve just booked your profits when GOLD reached the black line / previous top. But I think we can take our chances here, and use the hourly chart to guide our decisions: Now GOLD is trading inside the “support zone”, an important zone which the price struggled a lot in the past to surpass. You can book your profits if GOLD lost this zone. In any case, I believe GOLD has a lot of potential, but if it loses the “support zone” it could seek the 21 ema in the daily chart, and this is a risk I don’t want to take. Let’s see how GOLD will react here. I think it’s worth to maintain our position, but it can’t lose the “support zone”. This trade is giving us a nice profit, and we will not give our money back to the market. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:GOLD
by Nathan_The_Finance_Hydra
2
GOLD Analysis Next Week (18/05-22/05)Last week's gold price has increased by more than 3% in the past week and reached the highest level since November 2012, as the attraction for safe haven of gold has been strengthened by increasing trade tensions The Trump administration has accused China of mishandling of the coronavirus outbreak and the conflict between the two superpowers has escalated after US President Trump said on Thursday he could sever ties. with Beijing. Meanwhile, the deepening global economic contraction, before the 19 pandemic, prompted investors to seek safe havens such as gold and USD.JPY. From a broader perspective, massive monetary and monetary stimulus deployed globally to counter the unprecedented effects of the virus will continue to benefit gold, which is often considered a hedge against inflation. issues and currency disputes. On the other hand, next week, all eyes will be on the speech of US Federal Reserve Chairman Jerome Powell on Aid, Relief, and the Economic Security Act before the Banking Commission. , Senate Housing and Urban in Washington DC. In terms of technical analysis The major time frames are mostly indicative of the upcoming XAU / USD appreciation, with gold prices last week after peaking at 1751.8x since November 2012. Strongly created earlier around the 1747-1748 threshold. In another aspect. Last week gold price continued to close the weekly candle. The harami bullish candle is showing the increase of gold price but the price still closed below 1741.8x. the resistance zone of 1748 is still showing a slight correction before rising again, and there are some profit taking activities here. In the H4 time frame, the price has completely broken the triangle and the trendline has dropped before that. The supply zone D1 is quite strong around the 172x threshold. In the medium term, H4 continues to appear the cup handle up pattern. This is indicative of the uptrend of the upcoming gold price. In order to complete this model, I personally expect the gold price will have a slight adjustment before rising again. My personal opinion. Any person who sells according to the strategy I had given before in 1748 will continue to hold. And here is the upcoming GOLD trading strategy you can refer to. XAUUSD buy around 1730-1731 SL 1725 TP 1746 Signal Swing : Buy GOLD around 1724-1726 SL 1716 TP 1748 TP2 1771 (buy zone demand zone created earlier and fibo, trenline confluence.) Good luck
OANDA:XAUUSDLong
by MCHTRADING
2
GOLD, open trade after triangleYou will learn the best place where we can trade GOLD at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends push the like button if you like the idea - that would be the best THANK YOU. Thank you for your support, I Love it. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade. Never forget about risk management and never put whole account into 1 trade. have a good trading.
OANDA:XAUUSD
by Yuriy_Bishko
16
Will Gold make a RETEST or will it BREAK the resistance?End of the month next week! Will GOLD drop? or will it break the 12 day old resistance? Gold has not broke its previous week's HIGH however it has broken its LOW. Signs of Bullish GOLD For the DAILY time frame, no RSI (RSI = 65) divergence formed yet. 1H to 4H RSIs are above 50 (still in momentum) What we saw last Friday might be a retest? Shorting might be risky next week. We dont know. For more IDEAS, please do LIKE, COMMENT and FOLLOW. Thank you!
OANDA:XAUUSD
by JonJC