AlexHillFX

AlexHillFX

XAUUSD (GOLD) Buy Idea Been awaiting a H4/D close above 61.8% Fib at 1263. Blue Ellipse highlights this factor. MA Cross is perfect to suggest upside target of 1276 for next Fib Level as first take profit region. Looking for a new HH toward a potential upside of 1300$ per Oz. Non Farm Payroll week so volatility expected Wednesday and then Friday 2nd June...

AlexHillFX

XAUUSD (GOLD) Buy Idea Been awaiting a H4/D close above 61.8% Fib at 1263. Blue Ellipse highlights this factor. MA Cross is perfect to suggest upside target of 1276 for next Fib Level as first take profit region. Looking for a new HH toward a potential upside of 1300$ per Oz. Non Farm Payroll week so volatility expected Wednesday and then Friday 2nd June...

AlexHillFX

Major chance of Downward Gap Tasuki pattern. Would make sense to respect target of 3rd touch of TL. (blue ellipse) Closed for weekly just shy of 50% Fib. Last 2 candles were doji. Ma looks to be crossing on Daily period. Target for downside of 140.000 This is not unlikely due to the close of last week. With the general election in 2 weeks and the recent...

AlexHillFX

Some analysis for Gold as food for thought. This might be one scenario but I am undecided on Gold still. Could rally to 1275-1300 as ive mentioned earlier in week and sent analysis to support or could play like the above. Personally, don't advise entering trades over bank holiday or being stuck in positions over the week. NFP next Friday 13:30 (2nd June) and as we...

AlexHillFX

Series of Highs and Lows - going with the grain of touches and retracements. Key Levels to note - check FIB 1263.66 - 61% has had three chances of a break and body close above key point. Has NOT been strong enough to close as you can see from the 3 attempted wicks over last 7 days of price action. The Break of Parallel Wedge in past 2 days of PA has taken it...