Hello everybody and welcome to my analysis 👋🏻 Gold broke the resistance zone 1815-1820 and now is going to the sky. On my previous analysis I sold it and. Now I keep my short position because it needs a correction. I think 🤔 Gold will go back to 1820 zone where we will have another opportunity to buy it. Normally, this is only my opinion. Make your own analysis...
i think the gold will go down on monday, tell me what do you think about it.
It seems like gold is losing momentum and bit bearish. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide financial advice.
XAUUSD M30 -Channel Break Out -Retrace Zone -Resistance zone =Sell signal
Hello friend, if you read my weekend analysis, you remember about my plan to sell gold at 1725 with SL above 1750 and TP at 1650. So, far neither SL nor TP has reached :D Looking at the current price action in the daily chart, it looks like Gold may drop further. In the hourly timeframe too, Gold has dropped below the 100 hour EMA and as long as it stays below...
In my previous analysis, I mentioned selling at 1725 level and accordingly, I have already sold at 1723. If Gold doesn't break 1725 again, a temporary pullback below 1700 is possible.
FOREXCOM:XAUUSD SELL LIMIT FROM 1642.10 AND 1647 TP1-1458 TP2-1400
Looking to break lower, below 1500 level. We can see a head & shoulder formation evolving on the weekly charts as well, so there maybe some space there to form the neckline. RR is 1:3 Cheers!
short positions below 1558.00 with targets at 1550.00 & 1546.00 in extension. Alternate above 1558.00 look for further upside with 1561.00 & 1563.50 as targets. pivot 1558
now correct time is begin before going up what am think
Following preview set up, i will expect gold to reach the 1466/1467 area creating a new H.L, to continue its downtrend creating another L.L :) I SEE GOLD GOING TO THE 1455/58 AREA
We recently saw a strong impulsive move to the downside resulting in a break of wedge pattern. Price is currently consolidating and is showing rejection from broken trendline and 0.382 fib level. We are targetting a full retracement of trendline.