Time Frame: 4H
Bias: Short
Symbol: XAUUSD
XAUUSD has currently an upward trend but it is weakened by the intraday price flutuations and bearish environment. We can expect a sharp bearish price oscillations and can trigger a short trade with high probability.
Symbol: XAUUSD
Bias: Short
Time Frame: 4H
Signal Info: Gold is now rangebound. Price is trapped in a rectangle. Considering the upper limit and lower limit of the rectangle, we can expect and establish a nice trading setup @ 1770.235 ,stop loss @ 1813.185 and TP @ 1725.529.
Symbol: XAUUSD
Time Frame: 4H
Bias : Neutral
Signal Analysis: We are neutral today. The price is congested and do not seem to be moving very far for the time being. However, opportunities can be traced at lower time frame. But it is recommended to ensure higher time frame confirmation.
Time Frame: Daily
Symbol: XAUUSD
BIAS: Short
Signal Info: The daily price action pattern has an explicit short bias for the XAUUSD. We expect it to go to its support levels before taking any upward direction.
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?
―----------
= 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...
