Will this fly just like GBPJPY did a while ago? FYI: GBPJPY had an ascending triangle as well. Will XAUUSD follow suit? Gold is flaky so it might surprise us.
Not a trading advice. Trade at your own risk.
Gold continues to go down. So far we can see a possible strong support towards 1815 area. If gold was able to fly with enormously these past few days, it can also go down quite as quick.
This is just my personal analysis. Not a trading advice. Trade at your own risk and use SL.
Price broke support, then restested (1st arrow), then broke again with candle closing below the previous candle.
This is just my analysis, not a trading advice.
Price has been ranging but the candles are printing lower highs with long wicks. We can see a build up of candles going down so it might be gearing for a drop. TP: 134.10, SL: 135.30
This is just my analysis and not a trading advice.
Head and shoulders pattern formed on H4 and H1. Price has already broken the neckline and is making a retest as of typing this.
Good opportunity to sell for 300 Pips (based on the height of the top of the head to the neckline. So that's around 133.370. But I would personally take TP at around 134.50 and see where it goes.
This is just my analysis, not a trading...
