Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1818 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
As shown, overnight trade here, Great 3 to 1 ratio of risk to reward, I expect the Asian market to take advantage of oversold conditions and to buy until the London open, close the trade before London open once you wake up
If you followed my previous posts, you are certainly loving the profits that came forth. The gold did break through, and dare I say, it is now going to rebound back up for a retest.
The chart above has nothing new added to it. The reason I am sharing this is to show you the trendline resistance that I had already drawn in my earlier charts. The trendline acted...
Ever since Gold touched its all-time highs back in 2020, things have been going downhill. However, what people might not have noticed is how there seems to be a pattern that is in the making. We are on the verge of the end of the triangular formation, and somewhere in October 2021, we can expect a massive breakout.
In the chart that I have just shared, the pink...
dear Gold lover,
another day in paradise? did you get another jackpot?
they said the US economy recovered faster than expected, so they pull out all the money from foreign country
to invest back in the US, as you can see index get higher and higher
but as a law of investment, if they buy stock they sell the Gold they hold...
see the H4 chart, it is going down...
BUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.
Summary of the gold trading orders in February
Order 1: Sell at 1845-1840, TP 177x.
Order 2: BUY from 176x, TP...
Its difficult to say anything about GOLD. but, Now its a high opportunity to go for short sell on GOLD towards 1751. The SL should be 1819 and if 1819 breaks, it may lead gold to 1850 and 1880 as well.
Use proper Money Management.
If we look at timeframe H4, we can see, Gold still need to complete its final wave towards 1800. Therefore, a pending sell from 1780 will be a nice idea and hold till 1734.
Gold is on a short term pull back on the 4H chart (RSI = 47.725, MACD = -1.250, ADX = 29.908) following the new All Time Highs on U.S. stocks and the short term rebound on the bond market. The US Dollar remains strong but a short term pull back is helping Gold to contain a bigger decline.
Technically we have found similarities of the current sequence with the...
Gold has just entered today the 1,355 - 1,365 1M Resistance Zone with 1D highly overbought (RSI = 77.219) due to June's aggressive bullish run. The price is undoubtedly inflated due to the recent geopolitical tensions (U.S. - Iran) and the correlation with DXY has been broken. As soon as tensions ease, those dynamics will normalize and Gold should start moving...
