$GOLD #GOLD $XAU 1963 Tonight or tomorrow? Reverse vaccine trade?
*TRADE AT YOUR OWN RISK. VERY VOLATILE TIMES ANYTHING CAN HAPPEN. CATCHING THE REBOUND ON GOLD GOOD LUCK!
In the 240-minute chart, the first bearish wave (W wave) has finished around $ 1848.20 and the correction is around $ 1965. We are currently in the Y wave, of which the first wave has completed around $ 1850 and the price is in the corrective movement of this trend. It is possible that the corrective wave forming in the format of Flat Pattern, as a result of which...
XAUUSD Bearish scenario The gold is now in a key zone between two strong levels – $1880 resistance and $1850 support. The asset is consolidating here for almost three days now. It is also yet too far from the 9 EMA which for some market participants could be take as a short play in regard of returning to the mean strategy. The key trigger point for short sellers...
I do not think that the 29.55 level is strong enough a resistance. Chances of price breaking above this level are high. Price respected the 26.21 level and closed above it yesterday, this is my go signal. I would be careful thou just in case price fail to break above the immediate resistance.
Everything Explained Through The Chart. I will provide further updates Make sure to follow me & stay updated. Cheers!
Everything Explained Through The Chart. I will provide further updates Make sure to follow me & stay updated. Cheers!
if you like my idea please like and follow. take profit @ 1737 stop loss @1707 cheers!
XAUUSD (May 22, 2020) Still predicting the scenario of the wave rising to 1800 When the price breaks support at 1690, we will have a new bearish scenario
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). 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. .The price is above the 21-Day WEMA which acts as a...
This is a trade idea and for educational purposes only.
*Target Impulse 1800 ˜˜˜˜˜˜˜˜˜˜ 2nd wave/corrective + needs to retrace to .618 - .786 + TD Sequencial is complete and a bit over extended, meaning it is due for a correction + Stochastic Divergence also indicates a need for correction + Resistance/Support, Strong resistance at 1750, Strong support at 1720 ˜˜˜˜˜˜˜˜˜ 3rd wave/impulse + Impulse to 1.618 or 2.618...
A lot of people confuse shooting stars and dead cat bounces with 'real' runs - both in stocks and metals. Right now, we are seeing and have been seeing shooting stars in Gold for a little while and we have received another one. Silver has recently formed a shooting star as well. What this means is we can expect a likely breakdown once again in Gold to sub-1450...
It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming...
GOLD HAS REJECTED THE 2.618% RATIO @17000 FROM 25 JAN 18 AND 16 AUG 18 PROJECTION ASWELL THE 200% FROM THE H&S FORMED IN BETWEEN 2014 AND 2017 THE PRECIOUS METAL IS APPROACHING TO 1497.494 @ 100% SYMMETRY FROM 25 JAN 16, AUG 18 AND 9 MAR 18 IN CONJUNCTION WITH THE 200 MA @1497.494 COULD GIVE A POSITIVE REACTION HOWEVER, PRICE NO ALWAYS REVERSE @ 100% SYMERTY...