We are keeping a close eye on Gold. The exciting pair has pushed itself to the top of 1900 where it needs to break the resistance channel. All are in favour of Gold. Once the resistance is clear, xauusd is all set to hit the all-time top again. if rejected, bears will take the charge, let's see who blinks first.
A Trading Signal is seen in the XAUUSD gold.
Traders can open their Buy Trades NOW
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since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
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We have been ranging since London session yesterday with very little volume. We have three options for gold volume permitting.
If we break above the range we have been stuck in, we can look for a potential wickfill which would be 30 pips, however that is a risky move. Safer buys would be if we break resistance at 1933. We have clean traffic to the left and we can...
A few hours ago, price came up to a very important resistance, which is highlighted on the previous gold chart posted.
We started to get multiple rejections from the 1919-20 area so I realised with confirmations, this was a very good selling opportunity.
After the multiple rejections I had seen enough to deduce that there was a very high probability that price...
We are in a very important area with Gold right now. Gold is currently trading in a 80 pip range, trading in the range is not recommended.
If gold breaks resistance, there is a very high chance that we will go long to test the zone at 1932-34, the reason being that this is a key zone on the 30m, 1h, 4h and daily timeframes, and it has been respected for two...
After taking sells where we banked 90 pips, price broke above the range highlighted on the analysis last night.
Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry.
As price reached the first target, I secured my entry and moved stops to BE.
Price then reached my next target...
We had highlighted already that we would look for sells if we broke below 1900.
Price broke below 1900, and before executing sells, we waited for resistance to form on lower timeframes, in this case the 15m timeframe. When price then broke the low of the previous 15m candle, after already forming resistance, we executed sells, with stops above the high of the...
Gold has just gapped up on market open.
1) If we close above 1904.26, buys can be executed on lower risk if we form a support on lower timeframes, we could potentially target 1908 before targeting 1912.
2) If we close below 1900, and form resistance on lower timeframes, we can look to ride price back down to support at 1891, giving us almost 100 pips.
As you can see I took an entry based on different confirmations, however this analysis played out to a tee, price broke below support, created resistance on lower timeframes before selling down to our daily support target of 1850. This was a 87 pip trade with almost no drawdown. My students and I entered at 1864.25 so for we caught around 142 pips. A great trade...
In the previous week, gold has made -90.51 loss, AND it has lost -8.8 points in the last trading session. XAU/USD may slip from here for $1916 to $1900 levels.
Gold Strong Support $1686 too far away now. In the previous week's trading sessions, it has touched the support trendline and took a reversal. Hence, according to this chart, we may see $2000 -...
As we seen since the pandemic stocks have struggled to world lock down. So investors go for the safe heaven. One of them being Gold. So its been going to the moon.
The economy has slowly been recovering, however 1000's still losing their jobs. I think that gold rally will be over in the short term. But stock will struggle to recover, and with a chance of a 2nd...