Gold Forming Head and Shoulder Pattern Just need Confirmation if breakout 2175 area Dont Rush , be patient , look area 2175 for confirmation
Breakout trendline daily , heavy selling pressure Target 69.8-70
ABC Correction and H4 Bearish Channel Weekly Bearish Engulfing Sell 2350 -2355 . SL 2366 TP 2250
Gold xauusd formed inverse head and shoulder monthly chart , will be 2500 ?
GOLD XAUUSD forming Bullish Flag Daily Timeframe Trend : Bullish Scenario 1 : Gold break trendline Flag pattern to confirm Bullish continuation Scenario 2 : Gold will test support demand area arround 1700 area and Fibonacci 61.8 area , before continuing bullish movement Trading Strategy : 1. Buy on Breakout 2. Buy on weakness , at support or demand area Good Luck :)
IF monthly candle can close above 61,8 area fibonacci ( 1586 ) , high probality gold can up until 1730
1480 is strong support , break below will be trend reversal Trading idea : 1 . SELL STOP at 1479 , SL 1485 , TP1 1473 / TP2 1465 / TP3 1445 2. Speculation BUY at 1483-1485 , SL 1479 , TP1 1490 / TP2 1500 , TP3 1525
Sell gold 1340-1349 , stoploss 1351 , Takeprofit 1320/1305 Stop and reverse buy 1351 Reason : falling wedge H4 and D1