It's look like that the OANDA:XAUUSD is finishing B wave, so when it's done the sell is a good opportunity. Please trade with care.
Sell below 1360. Stop loss at 1366. Take profit at 1345. Reason for the trading strategy (technically): Price is now testing major resistance at 1360 (ABC Fibonacci extension, bearish price action, bearish harmonic formation) and a strong reversal could occur at this level to push price down to at least 1345 support (Fibonacci retracement, horizontal pullback...
Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is...
Gold has made a pullback to our previously broken major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is...
Gold has broken a major ascending support-turned-resistance line and this has triggered a potential bearish drop from here below major resistance at 1332 (Fibonacci retracement, horizontal breakout level, pullback resistance) towards 1305 support (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99%...
Buy above 1326. Stop loss at 1321. Take profit at 1332. Reason for the trading strategy (technically): Price is testing major support at 1326 (Fibonacci retracement, horizontal overlap support, bullish harmonic formation) and a strong bounce could occur at this level to push price up to at least 1332 resistance (Fibonacci retracement, horizontal pullback...
is it possible that gold not break the next resistance? good luck
Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line,...
XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55-...
Gold continues to inch upwards towards major resistance at 1332 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to drive price down to 1294 support first (38.2% Fibonacci retracement, horizontal pullback support) before 1272 support (61.8% Fibonacci retracement, horizontal...
Hi traders! Going along with my USDJPY analysis, we will see now downside for gold after this almost vertical bull run. DXY started this week setting this up for a reversal! Here's what I'm thinking: XAUUSD SHORT ENTRY : 1320.28 SL : 1327.23 TP : 1276.96 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Clear divergence in 1 hour and 30 min chart high support area gap is not filled re correction & fibo level to be touched back Clear divergence in 1 hour and 30 min chart high support area gap is not filled
GOLD buy limit at 1279 and Re-Enter at 1276 Take profit 1 : 1294 (140/180 Pip) Take profit 2 : 1310 (300/340 Pip) Stoploss : 1268 (120/80 Pip)
XAU/USD tries to break below monthly S2 Previous trading session the exchange rate mostly spent in a horizontal movement between the monthly S2 from the bottom and the upper boundary of a medium-term descending channel from the top. As on daily chart the pair continues to fluctuate in a junior channel down, a little recovery of the yellow metal is expected to...
Hi traders, Plain and simple, price broke down support and order block. This opens up a drop to the 1230-1220 range. Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
I mentioned 1277 open gate to 1265. Although I closed my sells this is willing me to try an entry again with a stop above 1278. 1278.5 would be fair enough. 5% margin impact. Good Luck.
It is so great when you don't have to write a description! thank you, TV.