Trading Ideas
XAUUSD Weekly analysis 23 July onward
Sat, 21 Jul 2018 14:55:39 -0500
This week, if we get a pullback and retest of 1237.9 price zone, we can look for nice bearish formations happening at that price zone, and it seems like we indeed are getting a pullback. If we see the formations of bearish patterns at the mentioned level then we may look at shorting opportunities with our first target set at 1213.06 price zone. If the price is able to break our first target, we will consider our next target at 1205 price zone.
Gold weekly outlook
Sat, 21 Jul 2018 05:48:11 -0500
After a sharp reversal off the key trend line in April, gold broke through the first key trend line to the downside & is now testing a key pivot level. ~$1200 was a key pivot throughout 2016 and 2017, and also has the 50% fib retrace off the 2015-2017 climb to back it up. Taking the same slope angle as the previous trend & placing on the 2015 lows lines up nicely with current low. 4 hour chart
Short XAUUSD 21/07
Sat, 21 Jul 2018 02:23:00 -0500
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world. Waiting sell
Gold: 1236 will be hit twice or triple in the coming weeks
Sat, 21 Jul 2018 02:13:01 -0500
Traders, Assume that market is going to give buyers opportunities now. But still need more powers to break the purple trendline first. The rally on Friday is giving us some clues. 1. The lowest low is 1211. 2. Next resistance zone there for wave 1 up to is 1326. 3. Some sellers would probably try to short gold again around 1236 .On that case, it will make trendline still valid and buyers need to work on it again when price down close to 1211. 4. 1236 will be hit twice or triple in coming weeks. 5. 1260 is so far what we can as the highest high. Trade what the market give you and alert your views like a sniper. Protect account with stop loss and try not to enter a trade if you dont have a great RR ratio . Less is more!
Sat, 21 Jul 2018 00:31:23 -0500
Side way correction still not finished
Harmonic 61.8%
Fri, 20 Jul 2018 15:13:12 -0500
Fri, 20 Jul 2018 14:08:03 -0500
Sell with sl 1232.50 and tp=1225
Gold long
Fri, 20 Jul 2018 13:54:20 -0500
When the gold ends up breaking the value zone, with a rising stocastic, the price of gold will shoot up to 2170.
Fri, 20 Jul 2018 10:40:32 -0500
This might be logical wave Elliott wave count which suggests the gold price may achieve final long term correction to hit the red trend line at around $1000/ounce may be before or after 2020.
Bullish weekly close for gold
Fri, 20 Jul 2018 10:15:21 -0500
Gold is putting in the second positive week together with the last bounce at 1240. Closing above 50% of the weekly candle, but sellers are at 1236. Looking to retest the low next week before ripping.
XAUUSD, 30min, potential Bat pattern
Fri, 20 Jul 2018 08:44:18 -0500
We see a retracement up on Gold (XAUUSD) and the B point of the potential Bat pattern is passed - which makes the pattern "live". If we look at, for example, a Daily timeframe (which may be too high timeframe to coincide with a trade on the 30min timeframe, but ...) it is in a down movement right now where the price just closed below a triangle preceded by a downtrend. We are early in the C-D movement even though BAMM can already be noted - so for those who have it in their plan and want to take a aggressive BAMM trade, the time is now. Otherwise, we await test of PRZ and confirmation of price going down again.
Fri, 20 Jul 2018 08:43:28 -0500
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