TK_trading

GOLD Death Cross bears could win this one.

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
my 2nd scenario for gold , i have posted a chart with a bullish outlook as-well.

will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping.


let me know your views in the comments!
Comment: EDIT its a 20&200 EMA as shown in the indicators. mistakenly wrote 50&200 on the chart before posting.
Comment: Home run, clean retest and break. heading towards 1700 next
Comment: 1000 pips running. perfect.
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Comments

I believe 1764 will be broken
+1 Reply
TK_trading haseebtahir564
@haseebtahir564, Gold will MELT if it does! lots of potential
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TK_trading haseebtahir564
@haseebtahir564, congrats!
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I'm in a buy position
+1 Reply
TK_trading PriceActionAnalyses
@PriceActionAnalyses, im also slightly more bullish on GOLD (i have a bullish outlook aswell) no brainer with Stimulus, i just cant ignore this possible bear scenario. will react accordingly! we love gold
+1 Reply
PriceActionAnalyses PriceActionAnalyses
@TK_trading taking a look at dxy and higher timeframes on Gold it's legit bullish... but let's see what happens
+1 Reply
In my TradingView or MT4 I didn’t see cross death ...... for ema20 & ema200.... am I wrong...?
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Lio_Btx Lio_Btx
@Lio_Btx I think that is SMA 20 & SMA 200 not EMA
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TK_trading Lio_Btx
M @Lio_Btx you’re right, it’s a typo mistake on my end. Although not entirely valid, I still foresee the crossover potentially having an impact
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