For 23.12.2021 i see that could go from 1804 to 1760 What you think?
Ok guys so following up my idea from yesterday. The fibonacci retracement on the daily is being irrespected, this means that if today price closes below level 76% there might be a huge fall. There is still some chance that price closes above the level and respects the fibonacci level.
Gold is in a local downtrend, perfectly fulfills our past ideas. A false breakout of the 1760 level gave gold a pullback to the 1779 resistance, I don't think the price can rise much. I am waiting for the continuation of the fall of gold to the level relative to which a false breakdown was made - 1760 ------------------- Share your opinion in the comments and...
as we can see intraday charts gold now forming rising wedge in down trend. In technical analysis rising wedge on down trend is indicating another leg down ( price push lower to complete pattern. Entry will validating only price brake below short term support & become new resistance.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Multiple resistance at 1809, 1815 and 1833 Unless those level brake within the next 5 days I see gold going back down below 1750 if those 3 level do not brake. I believe nfp will send it up next week the question is will it hold or not? Comment down your thought below
GOLD is forming a bearish structure... can be traded with SL and RR
💹XAUUSD(GOLD) ⏬SELL @1833.76 (SCALPING TRADE)). TAKE PROFIT ✅TP-1# 1820 AND ✅TP-2# 1081. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals PLZ! LIKE COMMAND AND SHARE Traders, if you like this idea or have your own opinion...
Looking to short gold at 1820 if it does not brake above 1825
💹XAUUSD(GOLD) ⏬SELL STOP @ 1774.242 ((SCALPING TRADE)) ✅TP-1# 1772.400 ✅TP-2# 1770.000 ⛔️SL 1781.163 N.B-GOLD create ascending triangle also makes megaphone apex. so, short sell pressure now. Waite to trend line breakout then sell. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within...
Gold has found its way back inside my liquid box (1740-1733) As gold failed to close over 1760 we now test some limbo lows of 1728-1714 levels in lewd of possible bottoms sub 1700. this is simply a test as it perfectly rolled off my 1738 Q1 support line. **Invalid if close above 1740.8** under 1726 look for 1704 levels*
N.B-Gold create Bearish butterfly pattern.So,Now it seems to sell correction.Then Strong buy pressure. Dear Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list...
Correction wave 4 is being completed. Wave 5 is going to start, I think.
As stated in last weeks forecast. Gold has been making lower lows and lower highs. Will this keep trending down? The probability of the monthly and Daily imb above @ $1770 - $1815 getting filled is highly likely. I will look for short term continuation long trades to this area. This was a petty corrective week on the HT's. I will wait to see how PA react to those...
Gold is looking very Nice!! POR POI area has been hit for me. Gold has been making lower lows and lower highs. The probability the monthly and Daily imb above @ $1770 - $1815 getting filled is highly likely. I will look for short term trade to this area. Remember this is the daily chart . This will happen over the next couple days or weeks. I think PA we could see...
Watch strong price action at the current levels for SELL. GOOD LUCK!