If the candle closes at 1243+ then we will take a long position and book profit at 1247. Let's Watch !!
In my previous forecast I was expecting that the market will turn around 1260 region which is exactly what happened. It seems that the market is now going down in a corrective structure and should face support near the 1235 to 1220 region. I might have to make some changes to my previous counts, but that is all some technical stuff, the market is basically...
In the last article I talked about the bearish count which is my main count, but looking at this very impulsive move we must consider the alternate scenario and hence I'm writing this article. As per the presented count I have considered that the Wave 2 progressed as a Running Flat type of correction and ended around 1195. Course of Action : If the market...
Possible long setup on FX_IDC:XAUUSD looking for a long around 1220 if we get confirmation
BULL DVG 2h , fib 1,618 >> $1221
Hello there, This gartley already completed but might dip down giving you an opportunity to buy. On the chart we see price respecting the blue pitchfork trendline where on the last touch D of the pattern was born. We have very nice fib confluence of the 78.6% level. Goodluck
Prices are at 50% retracement of upleg from late Feb. Speculative / commercial positions are within normal limits, i.e. not overstretched. Hedge gold longs with USD longs against EUR, JPY, NZD, CAD.
Hey Traders, We have been looking at this trend for the last week and a half in XAUUSD. We are having a converging diagonal which will probably develop a move to the trendline and MAYBE a final breakout of the downtrend. If not it will keep correcting downtrend. Will be posting updates. - Hola Traders, Llevamos analizando esta tendencia desde hace semana y...
After completing a double Zig Zag type of correction (discussed in my previous post) Gold now seems to be going up in an impulse, however the currently it seems to be in Wave 2 which looks like a Zig Zag indicating that prices can head lower from 12000 to 1175 region. This is the main count as of now and the leg one seems to be a Leading Diagonal, other counts...
Gold in short term correction before the big drop . As we see on the first quarter of the year all major indices still in rallies and not stooping making new highs ,That reason not giving the yellow metal opportunity to make new high level prices ,but that is not too far from now. Trend is Down and we are facing a correction until 1230$ per once
A potential bullish shark pattern is forming at XAUUSD with target 1 at the 0.382 retracement and target 2 at the 0.618 retracement. For more conservative traders, I'd suspect the target at 0.236 retracement – which is a RR of 1:1.3. S/L goes right beneath the previous outside return at 1170.744. For some more risk of being stopped out but higher RR ratio, you...
Gold Trading around 1232 level after drooping toward 1223 its hold support and push up toward 1235-36 level on Daily chart Gold holding strong support around 1218-1215 level breakage of 1215 may call for 1180-1155 as its holding above 1215 chance to move toward 1264-1280 level. Advice to buy in range of cmp 1232-1223 sl 1213 TP 1264 Risk Management guide :...