Last week we published a buy signal that came exactly to his target (1354)
As we see clearly in the graph above, we have a model with serious resistance. Gold has not succeeded in breaching this resistance 6 times. At the moment, we believe that the gold will not succeed and we recommend a sell signal
Sell XAUUSD
Take profit:1315
Stop loss:1355
Gold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
In Sunday, I posted about selling Gold at the red resistance area. As you can see, that trade is working great so far with more than 250 pips profit.
Right now, it would be interesting to see if Gold can make a recovery. The green lines are the SUPPORT areas from where Gold can bounce up.
So, if you sold XAUUSD with me, take profit if price starts bouncing from...
Hello Traders, in my previous XAUUSD Ideas, I have advised you to BUY Gold at support near 1275. As you have noticed, that BUY trade went great and we managed to get more than 750pips. Now, I would like to draw your attention to a POSSIBLE SELL SET-UP in Gold.
As you can see XAUUSD has hit a RESISTANCE AREA on the daily chart(light crimson rectangle.)This is an...
I think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box).
Following this the market could either reverse and gain momentum, heading...
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.
The support zone for XAUUSD remains intact. Hence, Traders can look for BUY entries near 1271 with SL below 1265. TPs can be set at 1285, 1293 and 1302 respectively. Look for BULLISH PRICE ACTION on lower time frames before entry.
Hello Traders! If you follow my ideas, you already know that I have been advising traders to BUY XAUUSD on DIPS at 1272-1275. Through this idea, I will try to present a good trading plan for XAUUSD with complete ENTRIES, TPs and SLs . So, I would like you to read the full analysis as I have attached the daily charts as well.
In the weekly chart, we can see...
Hello Traders! In my previous Gold Idea, I advised you to buy a support zone of 1273-1275. As you can see, price climbed up more than 120 pips from the BUY ZONE.
Now, whether XAUUSD will continue towards 1300 needs to be seen. I still believe in BUYING DIPS with targets of 1300 and beyond.
After breaking through the Trendline Resistance last week, XAUUSD is now at a Pullback stage.
So, traders can look for BUY entries at the SUPPORT ZONE(Blue rectangle) between 1266-1272 with TP at 1290 and 1302 respectively.
SL should be placed below 1264.
Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT".
That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of...
Gold has suffered from weakness in recent days but managed to keep itself above the moving average 100 line and now the gold is back to rise strongly!
You can also see that he is emerging from the downward trend that has characterized him in recent weeks.
Our recommendation is a clear buying signal with target 1340
