There's still high possibility for gold to go more 20$. Buy range: 1710-1715 TP: 1730+ SL: 1705
1. This is just an idea, not for anyone's advice. Any complaint will not be dealt. 2. After 3 big WINs, I had 1 big LOSS in my last trade with this pattern. 3. The candles are in H4 time-frame (not for second or minute traders). The candles may not occur exactly at the circles. The confirmation may not be the best entry. 4. Every horizontal lines MAY BE USED as...
H4 closing price above 1697 -> BUY H4 closing price below 1695 -> SELL
I've learned recently so much from one expert's charts and tried to learn more about the market. He's so good, I think. This is just one of my very first tries. An idea, not advice.
Same pattern, same PA. Everything is just an idea. Thank you.
Based on my own patterns for gold, which have been working PERFECTLY recently, I am considering IF THIS IS A SHORT TERM BULL. And here is how it goes. Refer my latest charts to see how my own patterns for gold have worked recently, thank you. Everything is just an IDEA, just an IF.
There's a prospect that gold will test 1700 level again, the problem is that when this happens.
Please refer my latest chart to see the explanation. This maybe a SELL at the rebound point, the target is 1700-1690. Everything is just an idea. Thank you.
The fact that gold will gain or lose its momentum is determined in some price area, such as this time. If the area is filled with lower red candles, gold will fall, and the contrary is also true. This is just an "in-my-opinion" idea. Good luck to all traders. Thank you. (The latest chart is about how gold gains its momentum)
The possibility for the final signal is like this. Refer my latest charts for further information if needed. Thanks.
As gold has its own patterns for bearish or bullish trends, which have their distinguishable signals, We should wait to know which trend is confirmed then.
Since gold has its own patterns. I see an uptrend again if confirmation candle occurs.
Based on the same bearish pattern of XAUUSD, I see a short term pullback.
Please give me a thumbs up if you think the chart is feasible, just like I give you my honesty. When a red candle at the edge outrunning the latest green candle occurs, we will see something called "pullback" then.
With divergences (down) from several indicators, XAUUSD drops while DXY gains value, I see XAUUSD is now little exhausted and may be pulled back to 1600 level. But I expect this thing happens in short term only.
As the chart being divided into bullish and bearish sessions, I see a SMALL bearish session is about to come, but this is just some pullbacks in a long-term bullish.
With volumes are getting higher, some divergences (up) may be formed in H4 chart, there may be the same pattern again.