2021-06-30 XAU CHF - supportBouncing off support.
Support level coincides with 61.8% retrace of last swing up.
XAUCHF trade ideas
The number of the.. Goldprice in CHF per kilogram!That's it, that's the whole analysis, also we're actually at 55'548.- currently. Bye.
Gold (in Swiss Fran) daily-Right angled/Ascendin' in Broaden'TopGold (in Swiss Fran) daily-Right angled/Ascendin' in Broaden'Top
Right-angled Ascending formation breakout upwards in 54% of cases:
thepatternsite.com
Broadening Tops breakout upwards in 61% of cases:
thepatternsite.com
XAUCHF in limbothere are two channels, an old one and a recent one. we are just in the overlap of both right now. Difficult to take a view besides wait and see. I have decided to play the old channel with a sell on resistance and by on support...
#GOLD it is the time for a little rest and correctionNow we are at the historical resistance to the Gold vs Swiss franc
at the peak of The 2008 financial crisis
I think it will work a little bit to stop the bullish run and it will give a chance to re-enter the market after the correction
it is the time to close your buy positions and lock your profits
XAUCHF UPDATe
CUP very clear
target 2000 CHF +
I colored some of the buy signals in Blue
very clear
best wishes
Nidal Alzubaidi
xauchfvery significant break can u c the CUP its about 500 CHF not $ deep
best wishes
nidal Alzubaidi
XAU Outlook through 2020The basis of my conclusions for this idea were formulated purely through projective differential geometry. I don't intend to share the principles behind it, my only aim is to publish this to see if my prediction is correct.
Rising Wedge on XAUCHFThe wedge would be traded as a continuation patter to the downside. Wait for a break and close below.
xau/chf inverse h&s possible h&s pattern meaning that price might break through the resistance and reach levels like 1299 and 1325
XAUCHF DOUBLE BOTTOM LONGNice .382 retracement to retest the base, I suspect it will either hit 1.13 below the nearest base or actually head up and start to finish a harmonic pattern.
XAUCHFIdea: XAUCHF has hit 4hr Fibonacci as support & could possibly hold today's move up to retest the moving average.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
XAUCHF Idea: XAUCHF possible long.
Cons: Bottom needs to hold. Continued downtrend confirmed at 1238.676
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
XAUCHF well behavedjust an observation: XAUCHF seems to move in well behaved channels last few months
