usmand

usmand

Gold (XAUUSD) Complex Symmetrical Triangle! Hi Traders, Gold is basically Trapped between Complex Symmetrical Triangle. Candles don't show any bias with no Clear picture. there are two Scenarios: If Market break upper Trendline of $1971 Resistence than Target will be $1998. or If Break lower Trend line at $1958 than Two barriars $1937 and $1920. Bulls...

usmand

Hi traders, As you know *"Gold shows somewhere else and goes somewhere else"*. when Monday opened the market, Gold hit the High of $1972. and dropped rapidly to daily Support area $1951. shows some bearish pressure. its simply means Gold was just trying to attract buyers. Reason for sell: US dollar index continuously going upside. 4hourly closed below...

usmand

These 3 pyramids basically belongs to forex. Targets $27.50 and $28.30 Dead Point $26.65 PS: Lol Every system has a limitation!

usmand

When nothing happens in the Gold market, they are just buyers. yeah, Gold on fed watch but Bulls take the lead before meeting. Reasons are mentioned in above chart. Buying Zone $1951. Goal $1965 PS: May be market create some shadow to $1944 area. Only closed below $1937 will change bullish narrative.

usmand

As you seen in the above chart SP500 creates a double bottom after pullback. Now market is going to retest the broken structure of @ $3440 with extension of $3478. All indicators shows bullish bias. Best buying is Current price or wait for $1962. With Targets of $3400, 3440, 3478. Stop should be below$1940. Every system has a limitation.

usmand

Wait for little drop in Gold prices and than Buy Gold at $1939. Initial Target will be $1947 1st Target $1956 2nd Target $1976 Stop should be below $1927. Daily Range ($1937 to $1957 with extension of $1977) Every system has a limitation!

usmand

As you can see in above chart of Gold is clearly shows market Retest the broken Structure of Trendline, Weekly PP and Hull MA. So we can see some bearish bias. But last 4hourly candle shows some bullish momentum and rejected at $1947 level. Moreover, Market didnt closed any 4h below and Daily below $1920. According to my thoughts Market is TRAPPED between these...

usmand

According to above chart copper is near to weekly key level @ $3.036 and previous candles shows bearish momentum. So we can see bearish bias. Recommendation: Sell at current price $3.020 Takeprofit at $2.980 Stop should be $3.050 Every system has a limitation!

usmand

According to above chart you can see 3leg pattern of pullback: 1st leg from all time high $2075 to $1862, 2nd leg from $2015 to $1920 and after some consolidation you can see 3rd leg from $1992 to $1930. So it indicates that pullback is going to over and gold has also completed their legs. Moreover Trend lines, candles and MA shows some Strong Bullish...

usmand

Back in June, even the naysayers would have privately admitted that they expected gold to hit $2,000 an ounce at some point this year, if not next. What even the bulls didn’t anticipate was it getting there in just a month. That amazing outperformance has now become gold’s bane. Gold Needs Upside Strength On Charts? what’s needed for the clawback—is fairly...

usmand

Salam, According to above Rising channel pattern, If market breaks $1997 area ( Conflict Area of Hull moving average, Resistance and Trend line) than we can see some bullish bias. Moreover, 1hour candle close above $1997 level for Confirmation. Target $2030 Risk warning: if market drops and break $1978 area than cut and reverse because this channel is also...

usmand

As the coronavirus pandemic lingers, virus-wary consumers are sticking with their favorite retailers while consolidating their shopping trips. This trend is benefitting some of the largest US retailers which are bucking the general economic downturn. Technically, Sp500 is closer to all time high and creates Ascending Triangle which indicates some Bullish bias....

usmand

Buy gold from current price $1931. Takeprofit at $1970. Stop should be $1905. Every system has a limitation! Good luck.

usmand

Sell copper from current price. Take profit at $2.8305 and $2.7920 Stop should be $2.8880 Every system has a limitation.

usmand

Buy SP500 from current price $3256 Take profit at $3295 and $3325. Stop should be $3245. Every system has a limitation.

usmand

Gold may continue Rising, But not in a Straight line. Profit booking cannot be ruled out and this may push Gold to Retest support area at $1862, which is also called Conflict area or decision point for further Correction to $1842 and $1822. Check price action and 4 hourly candle should be closed below at $1862. or if market will hold $1862, look for $1893...

usmand

Short it! Targets are: $1.5420 and $1.5330 Stop should be $1.5535 Good Luck!

usmand

hi Traders, As you can see last time gold failed to create double top and market dropped to $1795 Key level area. Moreover, Gold prices are prevailing under HMA. Short only if price will break $1795 area. Targets are $1788 and 1772. Today is a friday, May be buyers will take their profits and close their bullish bets. So we can see some bearish bias. Thank you!