Xuausd
xua/usd idea short long grab *UPDATE MARKET MAY PUSH PASS SUPPORT TO O.618 ON FIB WAITING FOR SUPP TO BECOME RESIS THEN RETEST OR A BOUNCE OF THE CURRENT SUPPORT
Gold is Bearish!Gold trends have bearish sentiment over the long run. We might be headed lower into the buy zones until gold starts seeing bullish pressure accumulating in the buy zones and having another spike inro our sell zones before dropping lower..
Gold potential longGold very recently dipped in to a pool of liquidity (last significant low before a large move up) that led to the parabolic rally that printed new highs.
As soon as the violation happened we saw rally that violated the bearish market structure on the daily timeframe giving very bullish signals.
This correction might not be over but there is an opportunity to buy gold and ride it to 2000.00 and potentially higher.
I don’t know what the market is going to do long term but for now PA is pointing me in that direction.
I’m waiting for a dip in to the zone I highlighted below. I would have a limit order be I haven’t been following gold long enough to be sure of its levels/zones just yet.
I will have to watch this carefully and monitor price when it reaches my levels.
Let’s see how this one plays out.
XAUUSD/Gold USD finally might be breaking outGold is testing 1874 resistance for the third time in the past month.
Waiting for the confirmation to break the resistance before taking it long to the next resistance at 1896.
If it breaks 1896, the next level we are looking at is 1911.
My interpretation of the charts. All feedback and observations welcomed!
A look at the monthly chartHello friends
Today I took a look at the monthly gold chart and I think gold hit a beautiful pullback to the previous ceiling and you will reach the peak soon.
Nears the buy zone (~1750)Hi... we can wait for the 1750$ and then, set up a position with good profit
GOLD Long from CMP till 1848I think that Gold has dropped too much without a meaningful correction So this time it can correct it's self up to 1850 previous support turned resistance from where we can wait for a bearish signal to again sell for target of 1760 i.e. 50% Fibo. for weekly uptrend.
Gold Technical Gann Fan Analysis! Based on price action on this week we will have these key price points:
resistance: 1889.70
resistance: 1907.10
support: 1842.60
support: 1819.30 (main bottom)
The main point for today is: 1889.70
any news about election, vaccine and stimulus can give momentum for gold!
Please support this idea with LIKE if you find it useful.
***
The information given is not a financial advice!
Buy Clear Retracement after a Strong Bullish DivergenceClear Retracement after a Strong Bullish Divergence, Entry at the reversal after the retracement as Bullish Divergence continues to the upside!
Gold to 1810 and launchLower highs
broke support at 1860
set new low at 1850
slight up move up
if we close below 1900 i expect a drop down to 1812 and then a big move up.
Invalidated after push beyon 1925
Thoughts?
GOLD\XAUUSD (Y20.P4.E1).Continuation formation.BullishHi All,
If we use the principles of triangles which is pause in the trend, consolidation and using the flagpoles as the next target, we have this.
The RSI on the 12 hrly supports this triangle formation.
Looking at the overall markets, USD index, there is no clarity as to what gold will do in the short to medium term.
With this chart, I have it moving up but I don't see it making new highs any time soon.
Most likely a ranging price action with a slight upward trajectory.
Please give me a like or tick for this post.
Cheers,
S.SAri.
PREVIOUS POST
Gold analysis 06/09/20This are my predictions about gold next week. Wait at the zones and trade with proper confirmations.
Gold riseExpect gold to rise if you liked this idea or have your opinion on it, write in the comments
