Clear path for gold to grow, its the starting only, Long GOLDPrice is above 200 ema. and also atr based indicator just flashed buy signal(swing), Grab gold with low risk. The target is 1000 pips.
Xauusdtrading
Gold trading for today as 13-04-2021dear Gold lover,
another day in paradise? did you get another jackpot?
they said the US economy recovered faster than expected, so they pull out all the money from foreign country
to invest back in the US, as you can see index get higher and higher
but as a law of investment, if they buy stock they sell the Gold they hold...
see the H4 chart, it is going down faster than last month
Today area 1723 is a SS and a VERY critical area
we think it will be a bounce-back (UP) for a while before continuing to down
if this area breaks then you know where Gold will be landed
DR for today could be 1736.50 - 1724
for swing still SHORT
happy trading
Gold Forecast (03/03/2021) - Prepare for the next movementBUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.
Summary of the gold trading orders in February
Order 1: Sell at 1845-1840, TP 177x.
Order 2: BUY from 176x, TP 181x. I didn’t enter this order.
Order 3: Sell from 182x or Sell immediately when the price collapses at 1760. For me this is not considered an order because it’s unexpected. But some of you already entered this one, so I count it as the third order.
Good price zones to watch for now
SELL: 176x.
BUY: from under 1700 to 167x.
Divide times to Buy. For example, when the price goes down to 1700, buy a little. When it falls down to 168x, buy again and finally buy at 1678. If the price bounces back, we hit the jackpot. If it collapse, we hit the SL – close the position.
It may take time for me and you to enter the positions above. But the money is made from the moment we start waiting until we enter the position. After that, wait for the answer from the market.
I can wait a month just to place one order. It’s OKAY! Safety is what matters the most. And once I’m in, the TP level must be large enough.
USDindex
If the Dollar goes straight to 92.00 as I predicted, it would be possible that the gold price will drop below 1700.
Day-trading positions
According to the request of some people who like to surf, I give you 2 positions. If it’s right, enter the trade. if not, then stop.
Order 1: BUY - under 1720 - 30% chance to win. Here there is a support zone. When the price fluctuatés, find a safe entry point to enter. TP depends on you – SL at 1705.
Order 2: SELL - over 176x - 70% chance to win. Downtrend + the resistance zone = SELL. SL is a little bit far (200 - 300 pips).
GOLD Is going towards 1900?Its difficult to say anything about GOLD. but, Now its a high opportunity to go for short sell on GOLD towards 1751. The SL should be 1819 and if 1819 breaks, it may lead gold to 1850 and 1880 as well.
Use proper Money Management.
GOLD Pending Sell Limit 1782If we look at timeframe H4, we can see, Gold still need to complete its final wave towards 1800. Therefore, a pending sell from 1780 will be a nice idea and hold till 1734.
goldwait for gold to either break out and retest or hit the zone then once u see confirmation for a buy u can open a long possition
XAUUSD: Buy opportunity on symmetrical patterns.Gold is on a short term pull back on the 4H chart (RSI = 47.725, MACD = -1.250, ADX = 29.908) following the new All Time Highs on U.S. stocks and the short term rebound on the bond market. The US Dollar remains strong but a short term pull back is helping Gold to contain a bigger decline.
Technically we have found similarities of the current sequence with the pattern during of mid to late January. As you see on the chart both the RSI patterns as well as the actual candles are identical. In January once the price crossed below the 4H MA50, it found support within the 0.500 - 0.618 Fibonacci. We are currently close to that level and with the MA200 right below, treat this as a good medium term long opportunity. Our Target is the 1,595.50 Soft Resistance.
Recent trade on Gold:
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XAUUSD: Hit the Multi Year Resistance. Sell opportunity.Gold has just entered today the 1,355 - 1,365 1M Resistance Zone with 1D highly overbought (RSI = 77.219) due to June's aggressive bullish run. The price is undoubtedly inflated due to the recent geopolitical tensions (U.S. - Iran) and the correlation with DXY has been broken. As soon as tensions ease, those dynamics will normalize and Gold should start moving lower towards its fair technical value.
This presents an optimal sell opportunity as the 1M Resistance Zone has worked as a sell accumulation point since 2017 and with a slight variation (-1,375) since 2014. We are now initiating a long term sell strategy on Gold with a long term TP = 1,220.
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