SinaZeinalZadeh

SinaZeinalZadeh

There are two scenarios here demonstrated on the chart. I've been in a long position for the last two days in the market. Right now, I would think of two possible paths for the chart. 1/ A decisive move above 3920: Road to 4100 (70%) 2/ A backward move to the below channel or rejection at 3950: Road to 3505 (30%) After all, although the trend is downward (even...

SinaZeinalZadeh

Simple as it is, I believe the path for the gold lad is downward. Although a jump to 1ATR higher or a little more than that is possible (some people might want to use the opportunity to go long on XAUUSD); I prefer to wait for the moment to go short on XAUUSD. The position most probably would start at the triangle near 1870-1880$.

SinaZeinalZadeh

Simply I can observe a big chance for a 1.32 target here.

SinaZeinalZadeh

Nothing much to say on this chart. Everything is obvious. I simply believe its the beginning of wave 3.

SinaZeinalZadeh

For some reason, I believe we can see a fall from 1868-1878$ area to 1800-1810$ area. This is not just the moment. Although my daily setup strongly suggests to buy, I need a confident move above 1890$. So, for now I prefer to go short on #xauusd with SL settled on 1885$. (TP 1: 1830$ / TP 2: 1810$) Maybe, just maybe,,, a flat ABC is currently happening since the...

SinaZeinalZadeh

Yesterday, I suggested 2 scenarios for the price which you can follow in the post mentioned below this one. Today, I want to check the daily candles and see what proof are there to predict the price. I have to say that there is more chance for the price to fall than to rise. Today is the NFP day so be careful with that. Some experienced traders say they simply...

SinaZeinalZadeh

The last time I predicted the 1840-1850$ area as a target which failed at 1815$ due to the breaking of SMA:27. Now the resistance is at 1785$ where volume profile recognizes a decision making price. Now, there are two scenarios: 1/ If the price stands above the 1785$ and consolidates around, we can prepare for another buy position. 2/ If the 1780-1785$ zone is...

SinaZeinalZadeh Updated 

At the moment of writing XAUUSD is around 1802$ and I just opened a buy position on it. For some reasons obvious in the picture I target the 1850$ area which is a fair target for the position with SL settled on 1790$. It's a 1 to 5 profit. This move also proves that last high on 1870$ is locked for the couple of mouths ahead. I can't wait to see what's going on...

SinaZeinalZadeh

It may be too early to predict the 1300-1400$ area, and I agree with those who may disagree with the idea. There are two strong barriers in the way. 1780$ and 1730$ are daily strongholds of the old gold according to volume profile. But a clear pullback can be seen at the last 1870$ attempt which looks like a premature ejaculation of the bulls playing around....

SinaZeinalZadeh

In this thread of ideas I'm going as deep as is needed to help you fully understand the situation gold is stock in. First of all!!! 1M timeframe to see what may surprise us by the time we make a wrong decision. I mean, every time I have turned my #metatrader red, there was a missing data in a bigger time frame. You can easily find the destination I've suggested...

SinaZeinalZadeh

Happy new year, everyone. Although I'm not much of a talker, but I found it useful to share this idea with you in order to help you understand the ecosystem of the trading (mostly forex XAU traders.) in the upcoming year. In a monthly view of the chart, you can find out that the century has faced big challenges and changes in terms of global economics. These...

SinaZeinalZadeh Updated 

According to what I have described in the last analysis, I'm going to how you exactly what I expect the price to behave. As you can see, a parallel channel can help us see what may happen. As XAUUSD may reach the top of the channel, I expect a retrace to the mid-line of the channel. another attempt (maybe even on the third attempt) to break the top of the channel...

SinaZeinalZadeh

Static levels to watch are shown in yellow lines. Right now, I believe that the sentiment of the market is bullish. Breaking SMA (20-50-200) consecutively is not an easy job for bulls. But right now after fixing at 1.19600, I can see another good week for the pair.

SinaZeinalZadeh

It was late March 2020 that a rising channel began to form for the pair. (the YELLOW and the WHITE one) After touching 1.23 area it started a downtrend to 0.38 FIB.RET. area which was the support of the channels. In the downtrend pitchfork you can see a move above the level 1 which means continuing to rise. I expect the pair to continue rising until it reaches...

SinaZeinalZadeh

As you can see in my previous analysis on XAUUSD, the strong support line resisted against bear pressure (which was heavy!!!). Now a big daily box and also a little one are broken at top. Adding the fact that the double bottom pattern now can be assumed as completed, we have a short term and lo0ng term scenario: SHORT TERM: The red resistant line which is a...

SinaZeinalZadeh

As a good reference to find out what will happen to XAUUAD, we can check out the DXY chart. As you can see it is now in a box in which we can expect a dramatic move. The Biden administration has increased hopes about USD performance since arrival at the office, but spendings has always consequences. So my prediction is that we may face a downfall first, then we...

SinaZeinalZadeh Updated 

A support line from May 2019 is tested but might have been a fake break. 0.618 Fib.Ret. has kept bears from going further. Double bottom pattern at 1680. (agree or disagree?) Scenarios: -LONG: if bulls take the price to 1760 levels by the end of the week. -SHORT: if bears wouldn't bear anymore stopping at 1680. (Breaking of 1700 might be the signal) I would be...