I can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered...
We are expecting a huge collapse on XAUUSD to collect some of the imbalance from the bullish run.
I would like to think that 1858 could be the reversal point, fingers crossed we see a strong rejection from that level.
Gold H1 Strategy, see data below the trade idea.
Equity graph and trade history is shown...
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as and when I have time. My trades are...
Again gold bullish bias building
Bowl and handle forming upon this 1D break of the flag and double bottom
Previous break of the 1 level - 1912 was a deviation forming the ATH
Clear hold of the level and flip of ATH will send XAU further into the 2000's
Inflation in fiat is most definitely in the process of being realised also, which will be bullish for gold and...
I traded a break of this early January and got took out at BE which was sad as XAU looked prime
This time combined with the 1D double bottom that is confirming and 1M chart bowl and handle which is confirming with this bull flag and a flip of 1912 is making this break more bullish
Measure move gives target of 2384 but feel free to fib high to low of the flag and...
We close above 1756 today then XAU should run well having printing a 1D double bottom
Measure move target is 1834 just beneath the 1D supply where a bearish reaction would be expected!
XAU time to finally save Mccormack so he doens't need to continue cussing BTC behind his tears in vain of his dying asset
Following from my chart posted on 13th April we have so far followed through.
This is only my analysis remember and anything can happen
I personally follow Lingrid and her idea is fall at resistance of 1770 and she is very good.
Lets see what happens now.
What does everyone else think?
I have put the areas where i expect it too risee too and fall from.
2 key level that really take my interest are 1817 and 1860 as marked on my chart, they are key levels at round numbers, these level have been used over and over again in the past as strong support and resistance levels.. so naturally this is where we look to see if price will do the same again! It really is not hard at all.. Keep the technical side simple and you...
Gold still hasn't considered the sweep of the double bottom, I think this area will be tested over the coming days. I would like the price to follow the arrow marked, I will be buying and selling this pair to follow the line.
DONT BE RUDE! I am on about it is going to rain down money when 1765 breaks ;p I don't want to know what you get up to behind closed doors.
If 1765 breaks then Gold price will make considerable bullish moves! Price has just been ranging between 1765 and 1675 since 1st march waiting for the breakout to happen and boy when this breakout does happen we are going to...
Xau/Usd just made a breakout of a 4h trendline. It's above it and is rejecting it consistently. This is showing us that gold is ready to move up, and is going to break out soon.
Buyers are in the market since 1700 level, rejection of the 1730-1740 area already occurred.
Now seeing what indicators say they do confirm that we are entering a really strong and...