Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " ABC " Corrective Waves and " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
It will reject from Fibonacci Level - ( 38.20% / 50.00% ) or Previous Resistance
XAUUSD. Now there is an obvious downward trend of shocks, the highs continue to decrease, and the lows continue to move down! US inflation slowed but economic growth remained strong. This is bound to lead to a short-term decline in gold.
BUY 1944
TP 1925-1930
SL 1952
Based on the H4 chart analysis, we can see that price has just bounced off our buy entry at 1933.32 which is an overlap support level. Our take profit will be at 1954 which is anoverlap resistance. Stop loss will be at 1913.47 which is an overlap support level
Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
On our yesterdays daily analysis on gold, we anticipated if price closes below the support zone at 1657.93, then it would continue pushing down to the next HTF support at 1639.58 by breaking out of the uptrend channel that it was moving in. And today the price did the exact same thing which right now we expect the price to continue pushing further down to the HTF...
Gold reversal is possible at 1722 to test the 1750 level again before the sell continues to 1680 level.exciting weeks unpleasant week ahead for traders whom style for trading gold will not favour the current market structure
Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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We can see huge long wick being bought up by gold buyers...
Gold create correction before hit fib 0.61.
After hit on resistance will going down soon.
Watch the Price action for bearish momentum.
If you have any idea leave comment below and dont forget like this post
If you don't Understand Mitigating institutional candles, do some quick research. Gold has been institutionally mitigating almost the entire time. But I think I've spotted the next mitigation point .... Between 1932.082
and 1928.01.
I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still...
Looking at this chart, it looks very possible for GOLD to build strength to climb higher to the range of 1625-ish again.. Good place to go Long on the hourly, and perhaps having a stop loss just below the 1590 region. Good luck!
After reaching new highs of 1555 last week I feel that the bullish run will naturalise this week returning to the 1490 mark.
Reason one: US China trade war has eased (for now)
Reason two: Bearish candle formation
I will personally try and get a better entry at market open around the 1530 area.
TP 1 - 1508
TP2 - 1490
Good luck and as always use correct risk...
