". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XAUUSD is in a uptrend, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
On the daily it still looks bearish maybe some small pullbacks, my entry for this trade was at 1808, my SL is at 1825 and target 1 is at 1770.
Also have confirmation on the lower TF where there was some good sell entries both expotential & simple moving averages crossed giving the perfect entries.
Still waiting for the H1 & H4 to cross too confirm a long term...
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at...
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...
Overall it is a down trend.
Gold have been rejecting the bottom on the 6hr it could be a sign of long position to 1785 where my top trend line reach before continuing dumping overall I’m shorting gold between 1785 and 1790
My final short idea on gold. If it breaks 1803 then I need to be bullish - doesn't mean I will enter straight away. Wait for a 3 wave correction then I will enter buys.
If this short works then this will most likely be the final push down, before a nice swing trade to 2100+
This is only a trade idea - not a signal. Please do your own due diligence before...
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.
So gold has been good so far!
On the D1 the trend is still bearish and we may continue to see that for the next few weeks
I can see gold go upto around 1781 mark and a potential safe sell entry too see it go down amd break out of the support maybe between 1650-1640.
WKLL HAVE A TIGHT SL ON THIS
SELL ENTRY - 1780-1782
TP1 - 1729
Gold had a tremendous sell off last week, this can only mean one thing, profit-taking is round the corner.
I expect a significant pullback into the levels marked out after price liquidity purges its most recent lows.