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Xuausdlong

Gold bottom in place at $1188 ?Gold -0.22% dropped towards $1188 levels yesterday before reversing sharply back towards $1200 handle. The yellow metal is seen to be trading at $1194/95 levels at this point in writing and could be looking to push through higher levels going forward. A simplified wave count has been depicted on the hourly chart indicating the potential termination of Wave B at $1188 yesterday. If this counts holds true, we could see prices pushing forward above $1208 levels soon, taking off the initial resistance. On the other side, a drop towards $1185 could be considered as yet an other opportunity to initiate longs. Overall, bullish scenario stays as long as prices remain above $1160 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDShort
by FXTM
XAUUSD: what do you all think?Hi All, It's in all the chart - xauusd. Please tell me what you all think. Up Trend: Impulse. Down Trend: Correction. All wave Patterns are impulse or correction. Sideway: Except for moving horizontally. Retracement: Price hit Support, Reversal Period, Stop Loss: 60/40 Split. Resistance: Price Falls below Previous Support Level . Only trade when you see repeated price pattern. Limit to roughly 15-20 trades per month 2/1. Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100 Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me for future charts, like this post if it was helpful, and thank you all. Happy trading People...
FX:XAUUSDLong
by letsgetit
5
XAUUSD approaching resistance, potential drop! XAUUSD is approaching our first resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support, 161.8% Fibonacci retracement). A breakout below our intermediate support at 1317.34 (horizontal overlap support, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target. Stochastic (89,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:XAUUSDShort
by Tickmill
1
XAUUSD approaching support, potential rise! XAUDUSD is approaching our major support at 1322.59 (61.8%, 100% Fibonacci extension, horizontal swing low support). A strong bounce might occur at this level pushing price up to our major resistance at 1332.31 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is also approaching our major support at 6%, in line with the potential downside before price reaches our first support. A bounce off this level might be a good precursor of a potential rise in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
FX:XAUUSDLong
by easyMarkets