We can see price is in support and formed 2 daily Doji candles which can be a sign of a trend reversal or a pullback.. Either way, I see Gold going up..
Will have to wait for confirmations on lower timeframes
I believe Gold is setting up nicely for a big rise. We can see it has been testing levels and making some nice supports for the rise. Since it reached All Time Highs in August it has retraced exactly to 0.5 Fibonacci then rose and has now retraced and tested the 0.382 Fibonacci level where it has found support again. If this support holds expect it to move to the...
Momentum is strong, anything below 1850 is a bearish call for me.
Vaccine news, many dilemas being solved, lockdown eases etc.
If you do take my trades, make sure you got easy on lot size.
I'll explain why I took this trade if it hits take profit... If it doesn't then you'll never know 😂🔥. Trust me, I have reasons why.
Stop loss is 50 pips, careful young bucks.
(This is not financial advise)
Have a good one
IMO if during LDN gold breaks 1800, could go as low as 1770ish if it doesn't and breaks out back above 1813-1816 i reckon it will then begin the uptrend but may not have enough power to plough through all the resistance levels still has potential though, ill be keeping an eye on 1826, 1845, and 1880 and if it manages all those 1900s en route...
I won't be explaining my trade once again, because Tradingview will always find a way to remove my trades LOL.
Follow onscreen instructions, if this works then happy days, if not then stop loss is 50ishpips.
Take profit is well over 120+pips (We don't play games over here baby)
*This is not financial advise*
Price has broken Symmetric Channel.
1925 critical zone broken.
1950 zone seems to be holding.
Daily Doji candlestick can be seen.
In order to reach 2000$, A little correction
is highly needed
IT CAN REACH 2000 within next week (Fundamentally)
We are at a very interesting point with gold right now. Resistance has been formed around 1883-84, if we break it and form support on lower timeframes we have good potential to fill the wick and maybe even tap into resistance if there is enough volume in the market, that would be the first target. However if we break below support there are opportunities for...
In the previous week, gold has made -90.51 loss, AND it has lost -8.8 points in the last trading session. XAU/USD may slip from here for $1916 to $1900 levels.
Gold Strong Support $1686 too far away now. In the previous week's trading sessions, it has touched the support trendline and took a reversal. Hence, according to this chart, we may see $2000 -...
An update to a previous idea - CLEANER CHART
From what i can see gold is consolidating on all lower timeframes, it is testing support and from what I can see we are ready for a crash
Price was previously on a downtrend and made a big recovery and just kept rising.. If OIL is anything to go on it did something similar before dropping and as we all know patterns...