Sudden spike of gold yesterday just didn’t impress the bullish party(at least I am one of them who didn’t impress). So in my opinion this time gold has good chance to break below 1700 area again or at least test 1711 price. I prefer to put pending order to sell around the area I have defined s selling zone. My personal target profit zone is somewhere around...
Centuries ago when the gold and silver standards existed the Gold to Silver ratio was fixed at 15. Decades ago the ratio was 55. The US dropped the gold standard in 1971 ( Thanks Richard Nixon ?) In floating since then, the ratio in modern times has been 75/ It can be said that below 75 gold is undervalued in comparison with silver while over 75 it is...
The market bounced on a key level, and on the smma 201, with a pattern of counter trend.
Spot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
OANDA:XAUUSD From the 1000R char, I am thinking about taking a short trade with a stop loss of $1808.25 above the high on 8/10 and a target just above the volume profile POC at $ 1788. Given an entry price of $1802 risk of $ 6 for a reward of $ 14 ( 2X). Please comment offering me your opinion. Thanks!
I am going to wait for gold to breakout from the lower trend line to sell gold. H4 macd also supports the short position I am planning to take. If the break out happens with bearish engulfing this would provide momentum for gold to go downside...
Price has reached a very strong Resistance Zone . A Pin Bar rejection into that zone on the One Hour (1H) Timeframe has already occurred. On the 15 minutes (M15) Timeframe, it is a bearish engulfing . SELL GOLD NOW Stop Loss = 1804 Take Profit = 1780 PEACE
Price has reached a very strong Resistance Zone. A Pin Bar rejection into that zone on the One Hour (1H) Timeframe has already occurred. On the 15 minutes (M15) Timeframe, it is a bearish engulfing. SELL GOLD NOW Stop Loss = 1804 Take Profit = 1780 PEACE
Gold weekly...The huge bull pennant has been broken now...it seems it will head down to the red consolidation box and the RSI should reset and begin to make the next move up. The MACD is still not bottoming out either. Price targets and support lines are still intact.
1- Market Overview: As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high...
Price hasn't managed to break resistance area around 1960 and bounced back down. Yesterday, we saw price has broke down the rising flag pattern. For me, price is heading back to below 1900 once again. Lets see
Hi Traders, Hope you have all had a great week. We’re just having a look at gold to try and see if there is a potential setup forming for next week. We have broken through the daily resistance at 1879. We have seen very strong bullish volume which helped push us through that zone. Since then, we have had no retest down to that price point so it technically...
It’s NFP Friday today. You know what that means—volatility Volatility Volatility. I always avoid staying out of the markets on NFP day but let’s still look at what gold did today. We are on the 4-hour chart. I have marked up an order block, as you can see on the chart. An order block is an area of interest that market makers use to access extra liquidity,...
Sell gold, further drop expected today. Equal drop as experienced this week. Use proper money management.
I think we are in the b wave , soon we will see some harder crash in gold xauusd , we need to reject from 1830dollars level and should close below 1800 for 2days for confirmation of this trade