on the 4h timeframe we see bullish movement bec breakout descending channel and now almost retracement complate
Gold is likely to follow the downtrend on a longer term chart while its slightly on buy side for today with a trading range of 1600-1660.
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to update about XAUUSD.XAUUSD is making Bullflag Pattern and here it has maximum Chances we can see a good Bullish wave to Price level 1725
on the daily timeframe we see bullish movement bec market follow ABC pattern after breakout descending wedge break
LONG AND SHORT GOLD 1. LOOK FOR LONG 1786 SL BELOW 1775 TARGET1830 2. LOOK FOR SHORT NEAR 1830-35 SL ABOVE 1856 TARGET 1670 3. look for buy near 1670-60 sl below 1645 tp 2000-2200 for long term thanks Trade your own risk.
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LOOK FOR SELL GOLD NEAR 1810/15 SL ABOVE 1826 TARGET 1755/1685 TRADE WITH PROPER RISK OR MONEY MANANGEMENT THANKS
LOOK FOR LONG GOLD NEAR 1888/75 TRADE WITH PROPER RISK OR MONEY MANAGEMENT THANKS TRADE YOUR OWN RISK.
look for short gold near 1907/10 sl above 1918 tp 1850 trade on your own riskmangement thanks.
Please review the mark up for an explanation of my prediction.
SELL GOLD NEAR 1872/74 SL ABOVE 1880 TARGET 1800 TRADE WITH PROPER RISK MANAGEMENT THANKS
LONG AFTER SHORT WITH PROPER RISK MANAGEMENT THANKS
Just having a play around with trying to draw trend lines, and just analysing the past market, i'd love to hear your ideas, let me know if you have any advice or tips!
look for long near 1991/85 for target 1972/90
Re-entry at retracement and tp as shown.Cheers.
short gold near 1685/89 sl above 1695 trgt 1600