Gold is trading above the upper savings line, but under a strong trend resistance level , a rather difficult zone and market participants cannot make up their minds among themselves.
A false breakdown of the upper border is possible and, under the pressure of the trend, a further fall, with a greater probability
I expect this, namely, a fall to support...
Bullish Channel trapped inside Bearish Channel
and price respected strong rejection and TL at 1815.
Watch 1815 zone on 4H TF.
For Bullish Momentum it must
break above 1815 zone by tomorrow.
We'll then enter LONG once Retest is done
else we will be having major breakdown.
(Check my previous analysis for bigger picture).
Hi there, Let's talk about GOLD.
Bullish Channel Breakout at 1840
But price couldn't break above 1910 zone.
(1900-1915 was previous strong supply
during Aug-Sep 2011).
We anticipated breakdown instead.
LONG trades got liquidated here at
strong support 1810 zone.
We had strong USD recovery that
drove GOLD further down hence
breaking 1810 support. So...
Xauusd forming bearish pennant on 4H wait for a breakout on 1H timeframe for our next trading opportunity.
A break and close below the 1755 area would open the door for the 1724-1700 area and 1680 in extension.
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This is just an...
Looking at buys for XAUUSD, Price has formed a double bottom and made a bullish move to the upside with an regressive looking retest
Lets wait for price to get into position before looking for a long opportunity
Gold is been bullish for 2 months now.
On the daily chart, we see RSI showing overbought. We might see the price to relief.
On 4 hourly chart, RSI showing nice divergence while the price is forming a triangle pattern that indicates the price is coiling up.
It can move in any direction after a breakout. We don't care though.
IF the price goes up then great,...
Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my...
Gold still hasn't considered the sweep of the double bottom, I think this area will be tested over the coming days. I would like the price to follow the arrow marked, I will be buying and selling this pair to follow the line.
XAUUSD now showing great support from previous resistance and rejection from the descending daily channel in which it has been tracking, thus now making the perfect place to place a long if we were to wish to play out the T-cup weekly pattern with a very big swing target