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Xauusdtradeidea

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.
FOREXCOM:XAUUSDShort
by rafi_trader21
Gold Short Below 1755.00. Next 1720From the present rate 1776 is identifying as an immediate resistance, And Strong swing divergence identifying at 1789.00 price area. From 5th June a major rising trend line playing as a strong support. Gold still holding this rising trend line. Breaking below this rising trend line, Gold may go for big correction. From the present rates 1755 is rising trend line break out area. Along side, 1747 has a double bottom. So 1747 will play as a strong support as well as. If 1747 breaks below minimum H4 candle, Our TP1 target is 1720. And breaking below 1720 will open the door for 1690.00 price zone.
FX:XAUUSDShort
by UnknownUnicorn487550
Sell signal from price actionThe engulfing bar is a great signal from price action. Notice the inside bar false breakout pattern on D1 time frame. This is a good example where the support was broken and tested from the under side as resistance and a sell signal from price action completed. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSD
by Cmasterza
4
Bears possibly setting up on goldWhen checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking trend bias using the top down method - its not favorable to sell in an up trend so we would need a convincing quality setup to swing down with the bears to around the 1247 level... More details to follow - please check details below for access to Forex Bootcamp and the online training portal. Happy trading :)
FOREXCOM:XAUUSD
by Cmasterza