Gold starts an impulsive wave up at 1670 after a complex corrective WXY. now we are looking to challenge 1800. Good luck
Long Gold under 1490 TP1 1500 TP2 1510 SL 1476 ;) Good Luck
the directional of gold is mixed, 1488 point is strong, in 4 hours chart we can see it turns to a support zone now. so we have 2 scenarios : 1. Down, we need to break 1476, next target 1467. 2. up, we need to break out 1495 - 1500, next target 1515.
the directional of gold is mixed, 1275 point is strong, in 4 hours chart we can see a bit of negativity. so we have 2 scenarios : 1. if the price break 1270 it will move to 1262 2. if the price going above to reach 1285 it will reverse the negativity and start to build new support at 1285 heading to 1295, 1302
I just reach my second target TP 1275 fib 38.50,which i mentioned in the morning, this point is strong, we need to wait no positions on this point untill the direction giving us a clear move.
Gold crawls down We still bearish since we still under 1295 i took my first TP on 1285 and im looking to 1275 fib 38.50
Since the price still under 1296/1295 , the trend is still bearish targetting 1285, it's very risky to go long from 1291-1293 points. To go long we need to reach 1296 first, if the price start to move higher we can go long to 1302 point .
1296/1295 is a strong point, if the price break under we will take 20$ reaching 1275, first target 1285, second target 1275.
1302 is a crucial strong point, this point has turned from Support to Resistance, going above will easily reach 1308 OANDA:XAUUSD
FX_IDC:XAUUSD Since it's still above 1296 there is a big chance to visit 1302 again, and we will see 1308