Here is my idea,
Price possible create HL (Higher Low) and Bear Flag.
my sell entry area on golden zone area on Fibonacci
If you find on Daily and weekly, I see strong momentum for bearish there.
If you have any idea, leave me comment below and don't forget give me thumbs up.
Thank you
#XAUUSD
The analysis is done in the D1 time frame.
NFP news on the last day of the trading week has created a very confusing situation. Gold has a broken key level of $1765 level . Now I can't see good support near for gold to buy.
But considering fundamentals and an inflationary environment. I still believe in gold to find local support between $1735 to...
Welcome back Traders, Investors, and Community!
Hi Traders, XAUUSD on D chart is an uptrend however it might have a deep pullback before it continues to go higher
⬆️Buy now or Buy at 1744.50
⭕️SL @ 1660.25
✅TP1 @ 1828.25
✅TP2 @ 1875.15
✅TP3 @ 1959.30
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a...
The coming weeks are very important for gold because if it continues to be the number one trend, it will form an inverted head and shoulders pattern, and if confirmed, it could rise to its previous high of $ 2,100 . Also, if trend 1 occurs, in addition to the reverse head and shoulder pattern, it breaks a triangle. Gold also has a resistance below it, which, if...
After every impulse, comes the correction. Gold has done both. Now we expect the next impulse to follow. This one could take us pass the point of the pullback to the Feb 2020 highs.
Let's wait for a daily close above the resistance level, and maybe we can collect some good pippage.
What do you think? Am I crazy? Or am I on to something?
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= Head and shoulders pattern
= break an uptrend
= If the uptrend breaks (blue), it targets the neckline
= If the neckline is broken, target
= 1776
= 1754
= 1750
= Sell fails if it exceeds 1774 and turns buy
= My personal opinion is falling
Gold (XAUUSD) Broke out from a channel and it's retesting the upper bound which is a confluence of support. Expect a bounce off from the levels to the upside. I've market the first and second TP areas.
Let me know what you think?
We saw a rally on gold price because the global central banks push bond yields down to near zero percent last year. Now, increasing US10Y T Bill yields has still a toxic effect on gold price. Need to observe 1st and 2nd week of March for correction sign. Still lack of incentive to buy it. I am just expecting a small upward movement this week and 5th of March will...
So this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold.
We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here.
Therefore this should be a great entry area to go...
Hi,
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
Saif
I was banned for one day because of 'self-advertising' LMAO... Not a clue where they came up with that one...
My future trades won't have much in the descriptions.(Not even pips) LMAO
Enjoy
Hi everyone,
I won't be explaining my trade once again, because Tradingview will always find a way to remove my trades LOL.
Cba .
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)
Saif.
*This is not financial advise*
