The previous GOLD trade made a decent profit and now the price is pulling back. Pay attention to 1288-12917 area... Watch price action for reversal signal and ready to catch a short for a structure.
Hi traders, this is my view of the daily chart of gold. I will wait for a retest of the broken zone for a good short entry. So we can go swing sell with a low risk at 1287 (1289). I will but my stop at 1296 und my TP1 1276, TP2 1266 and TP3 1252. Over all I see more buy power on gold after a reversal. So let make some money with the bears befor the bulls came...
XAUUSD / INSIDE BAR BREAK DOWN
Update on XAU/USD We are currently out of this trade with a huge win we believe a retest of the 1290-1289 area is coming soon and thats where we will be looking to re-enter
After a 4h correction let's see where this movement goes. It can drop a lot more, but Risk reward its pretty attractive.
XAUUSD / LIBRA PATTERN
Hi there, XAUUSD is struggling for upside and pushing slowly for upside. Soon it will break down and will break down hard once it will break down then keep selling the XAUUSD all the way back to the bottom.
XAU USD is situated into rising wedge and i think the top of this channel was reached at 1250$. Stochastic overbought and bear cross is CONFIRMED If we check RSI it s still dropping,top was reached also MACD still in bullish zone and need to cool off a litle First target of this rising wedge can be 0.618 fib which is 1236$ second target 1223$ and final target...
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. Meh. gg
XAUUSD / BULLISH ABCD Pattern + 61.8% We can long GOLD at 61.8% *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
XAUUSD TECHNICAL CHART -Price is losing momentum to the upside; -Price has completed an ABCD structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
XAUUSD / INSIDE BAR BREAKDOWN
XAUUSD Supply zone you can find other patterns such as Inside Bar or Bearish Pin bar Use Lower time frame to enter will be a good choice We can short gold now, SL above 1215 TP: 1173
XAUUSD SELL OPPORTUNITY Potential pullback or corrective structure in short term.. Thank you for support and likes. Feel free to comment below.