FROM MY PREVIOUS ANALYSIS WE SAW THE EXPLAINED DIRECTIONAL MOVES AFTER THE H&S FORMATION , NOW LOOK HOW MUCH FALL HAS HAPPENED AND HOW MUCH MORE FALL WILL OCCUR
FOREXCOM:XAUUSD SELL 1519.65 SL-1566.09 TP1-1447.10 TP2-1386.79
See chart for illustration
XAUUSD Breach of Monthly Resistance level (1326) could lead to a (1474) target and here's why. We expected price to breach the weekly highs because of its Higher Low (HL) weekly price action momentum and the fact that price broke 1254 and retested it also adds to the cause. On the weekly timeframe we broke the monthly resistance level (1326) to we expect for...
-->> Uptrend structure -->> Buy until daily candle close below trendline
#Gold # XAUUSD Hello to all watching my charts If i check a wider range view of Gold XAUUSD it seems to be that we are in a choppy range. Best seems to be for me to declare 2 zones Sellzone and Buyzone to have best profit at the mment. BUT !! you should have a very strict stopp loss level 1386 for long and 1438 for short Otherwise, if the pair breaks out...
Gold is at a crucial point with price action reaching a major weekly resistance. Here we are looking for a pullback in price action, therefore we are short with take profits set on the green zones. OANDA:XAUUSD
We are currently trading the 4th leg of possible bat that is forming on the 1 hr chart for GOLD. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to break below the yellow trend line confirming the prediction. OANDA:XAUUSD
We are currently trading the 4th leg of the Gartley pattern that is forming on the 1 hr chart. We are predicting the Harmonic pattern will be completed on the condition that the blue resistance zone is not broken. OANDA:XAUUSD
Gold has now made a double-top with the help of the NFP news which pushed it up into the resistance-zone. This zone has showed resistance before. Gold is showing weakness inside of this zone, so we are shorting it. Look at our previews analysis to see the setup more clearly. Target area: $1300
Gold have rallied the last couple of days. Today the major indexes also rallied which should have sent gold down. Gold touched a recent and very important high and then turned around. Now we are waiting for gold to touch again and forming a double top before going down even further. We are expecting to see a target around 1300.
XAU/USD has come back to retest the trend line around the 1273 handle. Go Long until 1293 Handle. TL + SZ confirmation.
XAUUSD forms the flag pattern which is exactly in the Fibonacci area 61.8 This will be in line with the strengthening of the dollar on DXY
FX_IDC:XAUUSD 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...
When checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking...
REVIEW OF GOLD: MACD already told us the downward momentum is gone. RSI is Overbought All these telling me Gold is facing Daily Resistance. I will look into a small time frame to find. Any bearish pattern: Double Top, Pin Bar, Bearish Engulfing and short. Trade with care and use good money management. If you don't understand the setup please ignore the trade....