XAU

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1292.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. ...

We have marked out obvious support and resistance levels on our chart and below are the things we are looking for this coming week, here we have 2 possible outcomes. 1. Price will continue last weeks bullish run and reach resistance level 1295.024 now if the bulls continue to be strong this level could be smashed and price could eventually reach resistance of...

Break and retest

Trading suggestion: . There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as...

We can see that XAUUSD is overall in a bearish trend at the moment after a few days of downwards movement but we are expecting to have a slight pullback before price carries on making moves to the downside, this pullback is currently happening at the moment and we are expecting a further bullish move of around 40-50 pips before price carries on going down. Now...

We are expecting to see a retest of this resistance level after a bearish day yesterday before price makes more bearish movement and reaches or support zone ( green box ) before market close. I wouldn't go jumping into a short position before we get the re test of this level as the markets seem to be all over the place at the moment, and always trade with correct...

correction in the LTA and continued high trend

Purple box is TP1, Green box TP2. You can see that price respects our levels really well on gold, these are levels that have been drawn on our chart for months and price just keeps coming back to respect them time and time again making it easy money. Now we have loads of news surrounding USD throughout the day so I would trade with caution as there will be a lot...

XAUUSD, SHORT! Hopefully its time for the bears to control. Good luck and we will update in due course.

I am Going long on Gold because I believe longs are being added by institutions. The US Dollar will lose value, more QE.

Everyone likes cheap gold lets make cheap 24ct gold

We posted a short on this pairing a couple of days ago and we made 60 pips on it... so well done if you got on ;p Now we can see that price broke a strong TL and strong resistance, we can see that price has broke this resistance and has come down and now tested it as support. With the break of the trendline and resistance we can only see bullish movement from...

Good morning traders Last week we went long gold at 1295 targeting the formation of a head and shoulder pattern around 1301. Four days later and we see that right hand shoulder pattern forming and therefore look to short gold at market level. If you look at our chart work on the uk trading view website you can see four failed attempts on 4 hourly charts to...

1304.041 is acting as a very strong level, this time it is been used as resistance, but you can see it has previously been used as support. We also have a lovely trendline that has formed and this happens to be very close to our resistance level... this makes it a double strength setup... if this trade doesn't go bearish from here I will eat my hat ;p No better...

This is a simple analysis that I've put together for Gold, price is rejecting at key level where price rejected a few days ago and we are are also currently at trend line resistance. The MACD Indicator is also very close together and looks as if a crossover is going to take place but this we cannot predict. I'm expecting gold to drop down to around the 1290.00...

After Fridays bullish run pushed price through the roof because of worse than expected NFP results and the weakening stock market and US economy we can see price smashing rite through our next possible resistance of 1304.301 and making a run up to our green zone. Its because of the panic in the US economy,US30 and stock market that buyers rushed to gold as a safe...

XAU/ USD SHORT

This is our current idea for Gold, we can see price moving further down into our red support zone and then making a bullish run up to out green resistance zone, this is where we will place TP. This is a lovely risk to reward trade, but please use correct risk management if you take this trade. If you are using correct risk management and 1 of your trades does...