Looking at taking a sell on gold to 1750-1760 for a pull back after the big move from 1680 to 1796. Next month gold can start a new uptrend or down trend but for now I see gold going down to 1750-1760 next week with fundamental news taking effect and dxy being strong as well. As well as ma 50 and 10 are showing bearish indicator on gold for TF above 3hr Key news...
Gold is trading in a key structural region and several sellers are entering the market. Once we eliminate the majority of sellers, we can look to enter sells down into the triple bottom. I assume the price will travel up into 1810+ before we see signs of rejection. Trade with caution around these key levels, manipulation is likely.
Price is consolidating below our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also indicating...
Gold Intraday Trade Setup Gold is near to m15 sz and we have also a h1 ob and corrective return to zone
We still expect the price to move sideways in the same range. However, what is your opinion ?? Bull or Bear ?
nobody knows anything about UD dollar index , not good these days ( Covid19 news and...) but i seems getting strong a little on the other hand the 1795 is very strong resistant, the price could not break it, we have doji bar in daily chart. and need a little corrections.. leave your comments below ... thanks u
We have been selling Gold the opportunity given to us, at this chat Gold has given us an evening star candle which gives us a clear entry, whenever you see this candle on the edge of the pattern you should put all your focus and enter the trade.
We still expect the price to move sideways in the same range. However, what is your opinion ?? Bull or Bear ?
in my view there is sell entry from 1788 tp 1770 tp2 for long term is 1750 sl 1805 it is not financial advice trade at your own risk like just follow me
Last week, we saw a correction and recovery from the NFP bloodbath. We took some buys into the key region around 1797. Now we see some rejection, and what looks like a structure shift. As we have broken the last higher low at 1780, we could see continuous downsides to this one. Stops go above the previous level, with targets below.
this is the ideal area to reverse with proper pattern formation and with a good RR ratio...
Check Chart for Entry and Exits. im bearish on gold at the moment untill price shows me other wise! take a look and Remember to follow me
1781 to 1790 sell zone Tp 1 1775 Tp 2 1770 Tp 3 1765 Tp 4 1760 Tp 5 1755 Tp 6 1750 Tp 7 1740
Entry details are shown on the chart. Working the 15M time frame on this strategy. This strategy is a follow trend strategy with a set stop loss. I'll follow this trend now until a fresh signal presents. Red line is the stop loss level. Trade history can be seen below this trade idea too for full transparency. This is a 23% win rate strategy so be warned...
The chart shows that Gold had broke out @1790, Now we are going to see a bearish trend moves to the support zone @1790 This is not financial advice. I am Trading at my own setup. Sell@1780.00 TP@1720.00 SL@1790.00
Given that the price is in a significant price range, it remains to be seen what will happen, I think it is more likely to fall, but if the price manages to climb, we will change our scenario.
When we look at the chart in the 4-hour time frame, we can see that the price has a strong tendency to fall and has been strongly rejected from its resistance range, and we can expect a fall to the specified limits.
XAUUSD is rejecting the resistance area and also breaking the trendline. The momentum indicator is pointing down in the oversold area, indicating XAUUSD is possibly moving downward to the target area. The roadmap will be invalid after exceeding the support or target area.