GoldMember9

GoldMember9

Ok guys so following up my idea from yesterday. The fibonacci retracement on the daily is being irrespected, this means that if today price closes below level 76% there might be a huge fall. There is still some chance that price closes above the level and respects the fibonacci level.

GoldMember9

Today the price fell strongly on the XAUUSD. Forming now a fibonacci on the daily, it is possible that the price will explode upwards to around 1900+. If you are a US resident you may know inflation has made everything go up in prices, however, XAUUSD or gold has stay the same. In my point of view gold has been holding back for a while now an soon it will go...

GoldMember9

Price will fall according to double top theory to later form a fibonacci to go long. Lets see if it plays out!

GoldMember9

So my idea from yesterday accomplish somehow. Today there was some news that pumped the price 160+ pip in less than 10 minutes. Right now a fibonacci formed after the news telling me to go long. Lets see how it goes!!

GoldMember9

Following the 160+ pip trade I posted before, gold has continued to follow the H1 bullish channel. My prediction is that if gold continues to respect the channel, price will increase to accommodate acording to it. Remember I am no magician but this is my best analysis and I hope it accomplish it. Another scenario would be that it breaks H1 channel, and price will...

GoldMember9

After reaching the price on my 2 days go analysis, price went up in a long formation breaking the H4 downwards channell. I took longs for a 170 pip trade. Will wait until price forms again to see possible next moves. Will update soon.

GoldMember9

Price 1780 reached maybe will continue to drop even more. This was my analysis from 2 days ago

GoldMember9

XAUUSD Went bullish today reaching a bearish fib level that will possibly make it return to the 1780 price.