I feel there will be a further pullback upon market open, smashing through the 1483 psychological barrier ultimatley finding resistance at the 1425 area.
This is where I will take profit and see how the market reacts.
My gut feeling is that this area will coincide with high impact news on Wednesday creating a bullish market which will oush us up to the highs...
Hi Traders, apologies for similar analysis to my last Gold post, but you cannot undo a posting of analysis you have posted, and I uploaded the wrong image on Gold sells. (Although the principal is the same, this is a little clearer). Here is my view on Gold sells. This should be temporary, before we see the bulls takeover. 1700 long is one of my targets for Gold :)
Hi Traders, here is my analysis for a potential on a Gold sell before we get the bull run. My overall bull target still remains at 1700, but I feel we will get a push down first before the long.Do you agree?
XAUUSD I'm looking for a pullback to the lows of 1480.4, as the market opens this evening I am looking for gold to retrace potentially to 1522 then waiting for candle confirmation to enter short, if no entry given and 1508.32 is broken I am looking for a retest to enter short. however if this setup is missed and 1480 is tapped I am expecting gold to consolidate...
As I mentioned In my last post, I feel the cycle of Gold is accellerated similar to BTC and gold is becoming a tax heaven for BTC profits and some other factors.
Heres a side by side of the charts.... familiar cycle patterns? I think so, going on technical analyses Gold does need to retest but it isnt nessasry for it to happen now... Lets see what this week has...
Gold - Intraday - We look to Sell at 1415 (stop at 1425) TODAY ONLY
Continued downward momentum from 1424 resulted in the pair posting net daily losses yesterday. Bespoke support is located at 1381. The medium term bias remains bullish. A 5 wave bullish count has been completed at 1439. Immediate signals are...
SL : 1323
TP : 1500
Gold prices broke out hitting fresh 18-months highs and closing near 1,359. Support is seen near the former break out level at 1,346. Resistance is seen near the 1,370-1,375 region and then 1,392, and up to 1,423. Short term momentum has turned positive as the fast stochastic generated a crossover buy signal. The current reading on the fast...
XAUUSD (GOLD) H1
Fib level + divergence, expecting a nice decline!!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
Price has currently retraced to the 50% fib retracement level and Bearish divergence is evident. Price is currently looking good for a potential push lower to the price level i have marked with the green horizontal line.
Entry - Grey line
Stop loss - Red line
Green line - Take profit
Risk exposure - 1%