Gold has just formed a Bullish Cross between the MA50 and MA100 on the (4h) time frame. Besides this buy signal, the price is holding the MA50 (4h) as Support. The whole price action is supported by the Rising Support of this medium term Triangle pattern. Trading Plan: 1. Buy as long as the price is closing over the MA50 (4h). 2. If it breaks, buy near the Rising...
Last week's U.S. data showed stronger-than-expected consumer spending in April. The increase in personal consumption expenditures (PCE) raised expectations that the Federal Reserve is likely going to hike interest rates again in June. The U.S. debt ceiling proceedings appear to be closing in on an agreement ahead of a June 1 deadline that would raise the...
Gold made the expected bottom and rebound on the 1D MA100 and crossed over the LH of the May corrective wave. It also broke over the 4H MA50 with technicals turning bullish just before today's pull back that brought them back to neutral (RSI = 44.078, MACD = 2.520, ADX - 28.652). This is a standard technical pull back for Support retesting after a bullish...
Amidst the U.S. debt crisis saga market participants were reluctant to have open sell positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend hence the engulfing bullish candle observed on Friday. The reluctance of holding short positions resulted in the bullish green light to...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XAUUSD chart) Rising above 1909.525, the long-term trend is positive. Therefore, a break below 1909.525 is expected to end the long uptrend. Looking at the 1W chart, we can see that it is...
view will last for 2 hours then book sl or take profit
I think XAUUSD Dumping from $1996 to 1800~1790 My SL is 2010 and TP shown on chart Be nice... Can't believe we have to spell this out, but yes, please treat others how you'd like to be treated yourself. Be respectful, kind, tolerant, and constructive, even when you disagree. There's no room for negativity, swearing, trolling, or conflict here: it's a waste of...
In the short term, expect price correction until around 1900. In case of formation of bullish confirmations in the desired area, it is expected to continue to climb up to the price of 2100 dollars in the medium and long term
The key is in the chart below: The main structure is bearish on daily TF, so the last pivot has a key reversal zone that has been identified by my own personal advanced strategy. Keep yourself tuned with my posts to grab these as earlier as possible.
Gold Spot (XAUUSD) is now testing the ~$1850 support level... This level is likely to fail. Our focus goes to cryptocurrency, Bitcoin but mainly Altcoins... We are seeing Gold, BTC, and the SPX moving in many similar ways. Here XAUUSD is testing a support level that is likely to break. On this correction/drop, we are likely to see $1690 as the final support...
Gold in bullish Previous high break Bulls ready for attack Long trade opportunity * If price break SL before triger, cancel order
Hi guys In this post, I will analyze the XAU/USD chart by RTM method in the weekly timeframe. I suggest you learn this method which was developed by If Myante and his friends and is famous for its accuracy and high risk-reward ratio. If we look carefully at the chart of the Gold, we could see the evident Bullish FTR (failure to return) between the range of 1770...
gold hited a good support zone this week and I hope to see either the fl or end cp fl the two major demand zones, I believe there's a slight chance to have a short from first demand zone to dp (lower support zone) and then a long to next demand zone.
I was ready to short gold spot and now I think gold is ready to start a new rally to the red zone in chart, I believe that gold is ready for a big short even to 1000 and beyond, but now I'm just looking for trigger to see how it would go.
HI people welcome To Team Decrypters we are expecting Short term retracement and than continuation to the up side
Hi people welcome to Decrypters PLEASE follow These levels to Buy Gold with 30-50 pips SL and Enjoy The profits Expecting Gap up and than price down to fill gap and continue lower
The dollar temporarily bottomed out It is better to sell this week Upper position 1805 Below position 1781
Gold - Intraday - We look to Sell at 1805 (stop at 1815) Closed the day little net changed. Selling posted in Asia. Price action has formed a bearish ending wedge formation. Trend line support is located at 1785. Bespoke support is located at 1782. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. The...