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...
XAUUSD now showing great support from previous resistance and rejection from the descending daily channel in which it has been tracking, thus now making the perfect place to place a long if we were to wish to play out the T-cup weekly pattern with a very big swing target
XAUUSD has broke out of this bull flag with a lot of momentum
I haven't entered yet as was being cautious waiting for a retest - in crypto you get a lot of fakeouts, in gold clearly not so often lol
I don't think it will retrace all the way back to the top line of the bull flag, so have drawn on an estimated path of a pullback
Going to set alerts for this zone and...
Hello Guys! Let's GOLD these markets.
My view point on gold is that it will drop before going up
- Double top and false breakout are seen however when entering look at the price action carefully when entering.
- There is an unfilled order which I expect price to come down and from there price could potentially move up or down
- I see it taking the...
Here we have the possibility of price breaking 1480 and staying under...however its always good to consider a bounce from this area to wipe out the SL's or orders in this heavily popular area for Price action
If price breaks and stays under 1480 we could see it turn down to 1420 Zone....
Lets watch price see what it does dont forget its the end of the month and we...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
I am demo trading and documenting my progress. This is not intended to be a sell signal !
Ascending Trend line Structure on 4H met resistance at Weekly 1350.00. Currently respecting resistance on a down trend structure bounce and for extra confluence respecting Monthly resistance at 1300.00.
Retest of Weekly Resistance still possible. Buyers...
The Monday open squeezed out the bull run along the continuing trend line.
Action from the close pre-Sunday was volatile on the hourly. a lot of volume.
Standard volume action but the volatility has given $XAU a strong bed of resistance.