Xau_usd
Gold: 1hr and 4hr Charts- Double Bottom??? Today Gold has retested the Nov 30th, 2020 & Feb 19th, 2021 lows, which created double (triple) bottom!! Todays' unexpended raise in the Bond Yields has led to the Gold selloff! Gold should bounce back from here as selling pressure eases off and buyer returns at this level!!
I got my bet on a short for Gold (XAU). Gold has been in a uptrend since March, however I see the cup is about to tip over.
Even though this hard commodity is the go to for many investors I’m predicting the price to fall drastically once everyone see how strong United States will stand against the last leg of the elections and hopefully the more business savvy candidate comes out on top.
The USD will surely tank depending on how November 3 goes. I hope y’all have those pending orders ready.
XAU/USD GOING SHORTXAU/USD retesting the the falling wedge and has a high probability of price falling... So far price is below 200MA which signals us to focusing more on selling. Thoughts?
XAU/USD SHORT Long awaited short, if you manage to catch a short on the 2015 area it would be great. Then you can drive it all the way to the long-awaited 1825 area, and of course from 1825 we go long to the optimistic 3000
XAU/USD SHORT How do i think the gold will go? I think it will try higher high, or until 2000,2008, then the next thing it has to do is break through the marked structure, when it breaks through or goes to the weekly retest which is 1909 area, or a deeper retest to 1817 area. In essence, it all depends on whether the dollar will rise or fall.
XAUUSD 2020/07/15 Wednesday TASo again, maybe I'm looking too hard but in saying that I've spotted what I *think* is a recurring pattern, the green parallel channel is what I suspect will happen in next 24hours.
Lets see.....
Not financial advice, just my thoughts
XAU/USD Channel trade !As for gold, gold is definitely stuck in the trade channel, if it breaks the structure around 1812 area, then expect a slight push to 1825 area, if it fails to break through 1812 then it goes back all the way to 1795 area, where we will see again whether it will break towards down, or it's a preparation for higher high.
XAU/USD Pattern repeating!As wee can see in this 1H XAU/USD chart, we may see the same pattern repeating.
Bullish point of view:
1. Gold is in high demand
2. Bulls aiming for all time high from here
3. Dollar weakness helping
Bearish point of view:
1. Repeating pattern seen in chart
2. Resistance at 1800 reached
3. Bearish divergence on bigger timeframes
XAUUSD SELL IDEAXAUSD is in a swing chart diagram.
I estimate 1733 as the resistance before swinging back to it's sell. At 1733, it's on Fibonacci 50, so a reversal is expected. TP 1 is estimated at 1713 as that shows us a support. And TP 2 is at 1695 and also a 2nd support
Do well to like and follow to get updates on trade ideas.
XAU/USD TRADE SHORTHI EVERY ONE
The XAU/USD reacted to its resistance line and will go down as far as we know
HAVE A GOOD DAY.
XAU/USD Gold going DOWN until June 2023B wave count simple 5-3-5 zig zag to the 1.618 extension on low volume w/ bearish divergence at the $1703 top and we're expected to come down significantly.
Its an internal retracement still correcting from all time highs so I'm looking at volume profile coming down from ATH. The point of control is around $1280 which led me to consider changing the pitchfork from original to schiff. As we know, price will at least tap the median line 80% of the time. This also coincides with a 50% fibonacci extension of A at $1265, the golden pocket 0.618-0.65 retrace of B at $1297-$1276.
I know triangles are supposed to have 3-3-3-3-3 structure, but is it possible this forms a symmetrical triangle and we don't get a breakout until the latter half of the decade? I struggle with labeling and couldn't put a count on it but to me the first leg down looks like wxyxz. It looks like the initial move down from ATH could never be considered a 3 wave structure. Can someone share their count?
This is not financial advice and please do your own research.
My prediction on GoldGold is going to move down to the first target zone 1147-1266.
It will probably find support at the channel line or a bit below
and inside the target zone and then it wil turn bullish with
target the zone 1912-2156
My Idea on GOLD for a couple of days I'm seeing Gold making a retest and bouncing to the zone of resistance, Ill be looking for potential buys with the right confirmations.
XAU/USD IS LIKELY FORM AN A-B-C CORRECTIONON THE DAILY CHART, we can see that has a chance to forming an A-B-C Correction in a descending channel. The current count is assumed by 5-3-3 corrective wave. The support area were assumed with Fibbonacci retracements.
The wave count (up and down) were based on Gann time Projection and could be adjusted if the price movement didn't respect the common time ratio of XAU/USD
