xauusdupdates

I will be looking for shorts @ the 1306.000 zone, my TP will be 38.20% or 61.80% of the Daily retracement level (check previous post); from here I am expecting a continuation of the daily rally following the break of structure. There is also an inverse head and shoulder formation on the 4H TF which is added confluence for this trade idea. All feedback welcome x TMC

I am anticipating a break of structure of the daily (down)trend. I will be looking for shorts around the 1306.000 zone (which is also the D completion of the 2H bat pattern) before going short. My bias is that price will retrace to the daily 38.20% or 61.80% retracement level before continuing its new rally. Feedback welcome x TMC

After 5 days of bearish pressure we are looking for a pullback into our green zone ( support / resistance level ) Already today the bulls have taken charge and are pushing price up to this level. Once price hits this level we will be looking for a bounce and further bearish movement, but we will only take this trade if the opportunity presents itself. Only take...

XAU/USD has come back to retest the trend line around the 1273 handle. Go Long until 1293 Handle. TL + SZ confirmation.

Purple box is TP1, Green box TP2. You can see that price respects our levels really well on gold, these are levels that have been drawn on our chart for months and price just keeps coming back to respect them time and time again making it easy money. Now we have loads of news surrounding USD throughout the day so I would trade with caution as there will be a lot...

ABCD Pattern On XAUUSD / GOLD. Looking to SHORT from a clear reversal on 4H from the highlighted region.

Gold finally showing direction, but will it last... So last week I suggested gold was treading water looking for direction. Well a mighty push up of $22 on Friday seems to have confirmed it has found a positive direction, but will it continue? On a technical basis there are issues as can be seen from the notes on the chart above. On a fundamental basis there...

Whilst remaining in a bullish pattern XAUUSD seems to not be able to break the previous highs. A small trend reversal seems imminent to 1278 at which it will meet slight resistance. Keep in mind that XAUUSD is able to fall to 1260 to remain in an overall bullish trend on monthly view. However, for now a re-trace seems inevitable. 'Bear' in mind this is a simple...

Gold - daily chart - Pending sell setup at 1315 daily supply with target 1275 and stops above 1325

Gold - Daily chart - Good level to sell gold for a 200-300 points drop from current level. Great risk to reward on this one.

XAU/USD soars to 1,259.00 After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA and...

Since my last post, my sentiment on Gold has completely changed. I was awaiting a clear break blow the bottom trendline you can see on this chart. We did not get this - so I did not enter short. We infact got a heavy rally up from the last touch of this trendline, creating new highs and making me think Gold is back in Bull Mode. From this area here (around the...

Gold has really been falling of a cliff this past week or so, with very little in the way of a pullback (for short entry) since the break of the bullish trend line around the $1230's area. I know I have posted a few potential set ups where Gold could have pulled back for entry, but unfortunately they did not play out - which is not a problem, as we would not have...