Moment of truth right here! XAUUSD is at the bottom of it's acending channel. We are short on this pair from 1262$ with a SL @ 1251$.
It makes sense to still be short and look for a break lower. If you haven't already, follow me on Instagram and Telegram for quicker updates.
Our gold short was very profitable (and of course a break down of the ascending channel would have been great but oh well! lol)
I am now long on this pair unless there is a break down of the price under the current bullish channel.
Trade safe!
Gold/USD is at Confluence of Resistance & this creates a nice short setup on this pair.
The Confluences are:
# Pitchfork Resistance
# 61.8% Fibonacci Resistance
# Bearish Harmonic Resistance.
Confirmation for Short Setup:
# MACD is diverging in multiple timeframe
# Stochastic RSI is "Over Bought" in multiple timeframe.
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Well, we made that far, and on my radar, I am waiting for last push ( what I need ) to 1307.
I will not enter buys anymore here, I have:
1229 Stop moved to 1270
1233 Stop moved to 1270
1263 Stop moved to 1270
1279 Stop moved to BE
That are waiting to be finally closed at 1307.
I will not enter anymore at this point because there is no clear level where one would...
XAUUSD, My Possible expectation analysis
_________________________________________________________________________
Ahmet S. Ozturk
CISI Level 3 Certificate In Wealth Management
XAUUSD, My Possible expectation analysis
_________________________________________________________________________
Ahmet S. Ozturk
CISI Level 3 Certificate In Wealth Management
Open positions
May 4 - 1229.x x
May 5 - 1233.x x
May 26 - 1254.x x
Friday close price gave somewhat mixed signals, but there are some levels that are asking me to buy Gold on Monday on opening at market price.
Furthermore Friday Close adds one more target 1283.xx
For 3 running positions Stops are at BE.
Gold price is almost at 1275.x x target shown in...
XAUUSD : GOLD 1 Day chart is testing important resistance level. It is best to observe before taking any long trade as gold love 1200 Psychological Level.
Open Positions:
May 4 1229.xx
May 5 1233.xx
May 24 Gold intraday level show it could climb up to 1259.xx after breaking 1251.9, which was reached, but drop to 1244.xx was anticipated as well. Gold drop to 1247.xx and close 3rd position from 1248.xx opened May 19 at break even.
I said I would try to buy back 3rd position at 1244.xx but didn't happen.
After...
Total 3 buy positions at the moment.
2 trades,
One at 1229 ( May 4 ) and Second at 1233 ( May 5 )
May 20, 3rd entry at 1248 for shorter term target 1262 and 1269 ( they were intraday, but not reached, but remain to be seen )
All trades target 1307. SL's moved to BE
Only two scenarios Either hit target either BE.
GL
XAU/USD is currently in a very bullish trend and it can extend it's gains by 200 pips.
Make your own analysis before investing, and invest whenever you got your confirmation as well as money manage properly.
Happy trading!
We are shorting XAUUSD based on Mongerskit generated signal, the last signal was generated a while ago (1/5/17) but the direction remains the same.
we are waiting for small pullback and some consolidation and we are ready to buy.
Hi Everyone ! getting Some msgs from Followers to Analyse the Gold for them, So here is the chart of Gold. The blue Zone Provided in the chart is ideal for Gold to buy . Blue Zone covers 3 Confirmations, Completion of Cypher pattern, Support and psychological Barrier. Thanks
