GOLD we look for the sell option below 1917 breakout. once we have a breakout below 1917, we can look for the sell to target 1888. Manage your risk and price may in opposite direction.
With over 700pips running in profit, it still looks ambiguous as sellers appear to be limiting the buy orders at this juncture in the market. Remember that a breakout of the key level at $1,945 still remains our yardstick for bullish momentum. Good evening Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
Price is presently within the buy opportunity zone we identified during my last publication but we still need to be patient for confirmation details to buy the Gold as long as the price does not break down the bullish trendline. I shall keep you posted... Good Morning Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading,...
Finally, we have a breakout of key level and we should anticipate a confirmation at the end of the current retracement to take advantage of a potential bullish momentum. See the link below for the previous analysis. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable...
Despite breaking down the bullish trendline identified yesterday (link below for reference purposes), I am still very sceptical of hopping in hence there are two scenarios that we have identified to take either a sell or buy. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
With over 24,000 pips in our direction since my last publication on this pair (see link below for reference purposes). The uncertainty around projective inflation status might have pushed gold down for a second straight week, to its biggest weekly decline since November. Now, are we within a demand zone for a trend continuation? Tendency: Uptrend...
the next move for gold - xau/usd
gold don't trade gold today, be careful!! the price overall is going up, but for weeks on the weekly chart, the price is going down to reach the uptrend. so the price is going up with the trend. but in the daily chart, we are in up channel and the price touches the weekly downtrend but didn't break the up channel. so I recommend waiting for a break out for up...
After every impulse, comes the correction. Gold has done both. Now we expect the next impulse to follow. This one could take us pass the point of the pullback to the Feb 2020 highs. Let's wait for a daily close above the resistance level, and maybe we can collect some good pippage. What do you think? Am I crazy? Or am I on to something?
Hey traders, here is the analysis for the XAUUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Xauusd, gold price action & forecast for next week, still bullish until 1660/1680 Our next trade buy order 1600 Or sell after trend break and retest at 1610 Remember all direction need confirmation before opening
Just a breakdown of why price behaved as it should in its most simplest form without over complicating. Granted there are multiple reasons behind as to why price went up whether it be sentiment & fundamentals. We will stick to the basic Technical. Even behind the scene there are multiple technical reasons as to why price went up from patterns to waves to zones and...
XAUUSD - Gold - Overall BULLISH to $1358
This video is my Trading plan on Current 3 major currency pairs. And it may play the role of educational video on how to spot cypher pattern for you