XAUUSD crossed over the Fibonacci 0.786 level today and is approaching the top of the two week Channel Up. This is a good opportunity to start placing short term sell positions targeting the MA50 (4h). Trading Plan: 1. Sell on the current market price and as long as it stays inside the Channel Up. Targets: 1. 1980 (the MA50 4h). Tips: 1. RSI (4h) hit its Rising...
XAUUSD run ranged all of last week and this is reflected on its 1D technicals, more specifically its flat RSI (RSI = 59.840, MACD = 25.590, ADX = 38.241). The Lower Highs since the March 20th peak are a sign of a possible top formation similar to late January. The RSI constructs are almost the same, we see a declining trend, which on January broke down after 14...
XAUUSD is trading on a Channel Up on the 1H timeframe. The price reached its top and the Harmonic Resistance Zone. The 1H RSI broke over the 70.00 overbought region. Trading Plan: 1. Sell on the current market price. Targets: 1. 1965 (Harmonic Support Zone and near the bottom of the Channel Up). Tips: 1. The Channel Up is within a wider Triangle pattern. The...
XAUUSD is forming a Head and Shoulders pattern on the 4H time frame with 4H technicals neutral (RSI = 51.658, MACD = 2.180, ADX = 22.110). The 4H MA50 has already broken and negated as Support, the 4h RSI is approaching the top of its Channel Down and the 1D MA50 is about to enter into the S1 Zone (1,890 - 1,900). Being above the 0.618 Fibonacci retracement level...
XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1). The RSI (1d) is inside a Channel Down, which is a Bearish Divergence. A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d). Trading Plan: 1. Sell on the current market...
Top-down analysis on Gold. Key levels & price action. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
Gold crossed over the MA50 4H and invalidated the Channel Down. This rise is strong as it started on a Double Bottom. The price already filled the 0.382 Fibonacci level. Trading Plan: 1. Every pull-back near the MA50 4H starting from now. Targets: 1. 1870 (which is a little under Fibonacci 0.786 and on a projected course with the MA200 4H). Close the trade...
XAUUSD - GOLD hit 1817.50 today, testing the Support of February 17th. As long as it holds, it is a Double Bottom pattern that aims that the 4hour MA50 (1835). Over 1848.50 well target 1870 under Fibonacci 0.786. This scenario of a bullish breakout isn't unrealistic at all as while Gold has been on a Falling Support, the 4hour RSI still is on a Rising Support...
Gold against the Dollar pair had a good bullish run in January 2023, price action displayed a majestic bull run all the way from 1800 to the 1950 price mark, but 1950 behaves as a supply zone and it starts to push the price downwards currently price may look to retouch a demand zone waiting down , but last week closing price 1865 behaving as a considerable support...
Gold is trading inside a Channel Up for the whole month of January. Every impulse rise has been +/- 2.80%. At the moment we are in the middle of the latest impulsive wave. Trading Plan: 1. Buy on the spot. 2. Sell if the MA50 4H breaks. Targets: 1. 1950 (2.80% rise) 2. 1880 (top of the Demand Zone). Tips: 1. The MA50 4H hasn't been crossed since Dec 29th....
In this video we will discuss the ultimate lesson in Trading... So listen up and pay attention. The analogy used in this video should clear your mind entirely of any misunderstandings about the phrase mentioned in the title. By Nature, making informed decisions ALWAYS relies on something that has previously happened to predict the future. That is the only...
In this Analysis we walk through the levels in which gold is trading. Remember We CAN and WILL Trade Lows to the upside. Once twice Three Four times but your RISK must change. That's because we will fall to Lower Support. See Video for levels to trade.
Well we mentioned also on XAUUSD we can LIGHTLY long if confident enough. So there is your bounce. It's up to early resistance and you have the chance to exit.. If you do not exit are you willing to be dragged lower? Does there look like a tight or wide profit margin? All questions one must ask..
🔰You can see gold analysis in 15-minute time frames (XAUUSD_ 15min) 🔍💣 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
🔰You can see the gold analysis in the 15-minute time frame (XAUUSD_15min)🔍 ✴️As is evident in the picture, the price is falling❗❗ The price can perform an uptrend up to the resistance🧡 line and downtrend🖤 line in the overlap of the DEMAND area and the uptrend🖤 line and 61.8% retracement fibonacci 💜 (from point A_B). If it breaks the resistance🧡 line upwards, it...
Bouncing on a ley level, and both EMA 201 and 50. And we can see a pattern indicating a counter trend coming.
Hello Traders, I have marked the area for Buying Gold and Target areas , I will wait for the proper confirmation before entering the Trade. *This is just an Idea not any Financial Advice*
The market bounced on a key level, and on the smma 201, with a pattern of counter trend.