Trade-Ideas no. 1011 Sell Stop below 1271.00 Stop loss at 1277.60 TP near 1260.60 Breakeven at 300 pips Trailing at 300 pips.
XAU/USD has come back to retest the trend line around the 1273 handle. Go Long until 1293 Handle. TL + SZ confirmation.
Possible set up for GOLD once again. Gold loves following a nice trend, after we've successfully predicted the movement of GOLD 3 times before, I can safely say this one is looking good once again. Just following the trend line and using basic price action with support and resistance zones. Keep an eye out for updates as it could go wrong! FOREXCOM:XAUUSD
Hello again. Look to GOLD. It went to down more. I think, it will pull up today. My estimation is 100 pips approximately. I hope that I am not wrong. Good luck!
The current weekly candle comes after a hammer candle that this candle usually comes after price declines and as a sign to change an optional trend. Gold's upward trend further strengthens the buy signal The question is whether this time the gold will reach the resistance, will it cross it or not? Buy XAUUSD: Entry Price: 1303 Stop Loss: 1275 Take Profit: 1357
BUY GOLD IN THE BUY AREA SL 1280.00 TP 1 1293.00 TP 2 1300.00
XAUUSD forms the flag pattern which is exactly in the Fibonacci area 61.8 This will be in line with the strengthening of the dollar on DXY
After price made an impulse obviously there must be a corrective channel before further downside. In this corrective channel we can see a 5th wave to b made where at resistance i will wait for a bearish confirmation to the downside. If however price action decides to break resistance this trade becomes invalid.
Possible long position and then a big short position occurring on XAUUSD. Price has remained above both 200 and 50 EMA thus indicating a long bias at the moment. I have closed my previous positions on this pair which was mistake as a should have held and would have been in profit right now. Price will continue to follow trend and USD will weaken in the coming days...
According to my analysis, we are in wave 2 of the weekly (pink) structure and wave 3 of the daily (blue) structure. Both have targets to the upside.
Expecting a bearish movement either after breaking the bearish flag or after a extended pullback. either way i see gold as bearish in medium term.
XAUUSD couldn't close above 1300 resistance level. potential pullback is on the sight. GOLD is taregeting 1288 green trendline channel. You can trade between tops and bottoms of the blue trendline channel but i recommend heavily carry short positions.
The graph you see above is divided into 2 parts In Part A you see a simple model of support and resistance and a price that moves within it until it breeds the resistance and then reaches $ 30 (2.5%) and then the market corrects and falls a bit below the support because of that way never put the stop loss exactly on support always a little below, Then the market...
REVIEW OF GOLD: MACD already told us the downward momentum is gone. RSI is Overbought All these telling me Gold is facing Daily Resistance. I will look into a small time frame to find. Any bearish pattern: Double Top, Pin Bar, Bearish Engulfing and short. Trade with care and use good money management. If you don't understand the setup please ignore the trade....
The previous GOLD trade made a decent profit and now the price is pulling back. Pay attention to 1288-12917 area... Watch price action for reversal signal and ready to catch a short for a structure.