Hi traders, I found that it was way too easy to short at 1300, a triple top and a change of trend? Hell no! Now we are back above 1290 which is key. PA couldn't close under our blue zone which is bullish to me. The same analysis applies here but I'll link it to our previous setup Trade safe!
Hi traders! A very simple trade with a very simple explication! XAUUSD finally gave up and let the bears claw back in. We have a clear reversal that happened last week. MACD gave us a fakeout and now confirmed and RSI is now dropping too. Trade safe!
Hi traders! With DXY bottom each and everyday without caring about anything else... GOLD will continue to push higher also regardless. I'm thinking it will go back in it's bull channel that it broke some time ago. Trade safe!
Here we have the last chance to go long on this pair before it blows up again! USD is weak and that won't change for the moment. USDJPY is dropping like a rock. For more info, check out the chart and analysis above! Trade safe!
Hey guys, This is more of an update to a previous analysis we had. We had a good short on gold before we went long on the rebound. It is now clear that gold broke to the downside and it's trying to go for our new zone highlighted in our blue rectangle. We could see a bounce off the last FIB or it could go straight down to our preferred zone. PA is always key. We...
Our gold short was very profitable (and of course a break down of the ascending channel would have been great but oh well! lol) I am now long on this pair unless there is a break down of the price under the current bullish channel. Trade safe!
Since price has been following upward to retest resistance (down/green) trendline, it can attempt to test other resistance: the past high swing & resistance at that price as is (blue line). Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but...
Really love trading view chart, still on learning process but here my ideas to share how you guys think? my basic Daily chart gold i think might bounces from the 200 ema & resistance im shorting at 1258 my 1 tp 1239.90 2 tp 1225.5 3 tp 1209.47 sl above 1262
As you can see from this Daily chart, Gold has been in a short/medium term bull trend recently. This bulltrend could potentially be running out of steam here - as you can see from the Fibonacci I have applied to the bear trend before it, Gold has now reached its 61% retracement area. It pulled back from the 61% Fibonacci area (around $1255~) quite rapidly and it...
Gold has finally gotten a break above the 1250 level. We are approaching overbought levels so I am expecting some pullback to the 1240 area before further upside. There is only slight RSI divergence which I do not believe is enough pressure to get us back under the support. The bullish sentiment on Gold and Yen have bee strong. As long as equities keep topping out...
As long as XAUUSD traded below 1235.00, I would continue to hold the short position. A break above this zone with strong shaved bar will negate my idea.
Sell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00. Reason for the trading strategy: We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement). RSI (34) has made a bullish exit and warns off a...
As you can see i expect the gold to go up to the 0.382 fib and come down to complete the 5 waves pattern.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron