GOLD sell signal op [90pips]
ENTRY: 1506
TP1: 1500
TP2: 1497
SL: 1512
Chart time frame - 4h
Time for reaching TP - 3 - 48h
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Goldsetup
GOLD LONG OPPORTUNITY - CAUGHT OUT BY A STOP LOSS HUNTHey traders,
I was in a long gold position today, unfortunately price spiked down to my stop loss. I linked my previous analysis and trade idea.
Now I'm waiting for Gold to come back down to 1495 at the minor S/R before entering long.
Gold is still in an ascending triangle pattern and for that reason i am bullish.
Price today was unable to close below the bottom line of the ascending triangle pattern.
Risk to reward of 1.6
Daily trade analysis and ideas:
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ForexShinobi
GOLD H4 ANALYSIS - ASCENDING TRIANGLE PATTERN BULLISH?Hey traders, as the day comes to a close, I am looking at this setup for Gold on the H4 charts.
I have drawn from what I see an ascending triangle pattern. Price has come down to test the ascending line, with 2 long wicks forming on the H4.
This represents demand from buyers who are either taking profit or entering into long positions.
The risk to reward of this trade is 3.
There is a minor S/R at 1495, so if price can break that, then I am really bullish until the major S/R.
On the MACD we can also see that although bearish, the momentum for the bears seems to be decreasing.
Daily trade analysis and ideas:
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ForexShinobi
GOLD Long to $1555Hello Traders,
A breakout to the upside was seen in XAUUSD, and thus a trade was taken with as stop loss of $27 at around $1478 just around the previous consolidation low and a take profit of $50 at around $1550 just around the previous swing high. The price had been consolidating $1495 and $1481 and therefore, this breakout can be identified as a start of an upward momentum with the bulls taking over.
Have a lovely day!
Riverfront Capital
Is Gold (XAUUSD) going to make a Retracement? On screen analysisI have been keeping my eye on gold for a while now and I suspect that we will see a Retracement coming next week. The Counter Trend Line has been respected for more than two weeks now so it's just a matter of time before we will see a break of the Neckline.
Remember, Patience is Key!
Buy Gold Inverse Head & Shoulders FormationOn the 15Min TF a perfect inverse head & shoulders reversal pattern has formed. Bullish price movement should take over in the next couple hours so now would be a perfect time to buy Gold as a short-term trade.
Trade Details :
SL : 1267
TP : 1278
Gold D1 Potential Buy, New HighGold has reached new highs, the highest point since April 2018. The metal is overall trading inside an upside wedge, broke above a weekly trendline and doesn't face any significant resistance until $1.360. USD weakness may push it to the mentioned upper resistance.
CommaFX traders are long in gold from $1.310. Join our Telegram channel to receive more trade setups. t.me
GOLD Sell OppChance for some sellers to get into the market?
Rejection from key supply zone, once support turned resistance ....
GET READY FOR GOLD CRASHGold -0.17% has completed wave (2) of a high degree and is now ready to crash , it is in the very initial part of the trend. Silver -0.20% is going to crash even harder.
13.26 (48.9%) JNUG - Monday Oct. 15 PredictionIn relation to all my predictions, I believe people will panic buy JNUG as a reaction to -13% drop we might have on Monday, Oct. 15th. In my opinion and not financial advice, I would sell it and go JDST after taking profits at the ~48.9% pop.
GOLD BULLS ARE ONFinally Gold has started to move in that bullish move that we have been expecting for a while , support lies at 1182 and target zone is at 1250.
The overall pattern is looking to be double zigzag.The wave count in Euro and US Dollar index DXY is also supporting this, US Dollar is about to finish last leg of bearish correction , hence GBP, CAD , EUR , AUS and Gold shall be traded as a bullish move.
Hope this helps .
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THANKS
ELLIOTTWAVEGREEN
Gold Buy setting upGold broke out weekly uptrend line few days back and so far price action is struggling to more downside. I am expecting a pull back to be setting up, watch out the area I mentioned for long plays.
Trade Safe!
XAUUSD - GOLD - Sell on Rally at obvious Resistance- Gold made Head & Shoulder pattern yesterday and now broke down
- Sell on any corrections from current level to follow the momentum
XAUUSD - GOLD Trading in range, Buy low, Sell high- Gold made another Pin bar that tested supporting zone today
- The whole structure shows that Gold is still in trading range
- Buy low when price breaks High today or make some retracement to its Fibo 38-50%
- Target at 61.8% of previous bearish impulse leg
- Comment +1 if you make profit
Waiting for Retracewaiting for retracement, from yesterdays analysis we needed it to close under yesterdays low but it didnt! instead made a double bottom and broke yesterdays high for a bullish run now we are looking for a retracement to get back in with the buyers so we will wait and see.
XAUUSD time to changeWe could see gold changing trend and going back down where it was for a few weeks ago. I'm currently short and first target is to begin with 1325 but definitely expecting price to go much lower.
will gold fall $1250 area ?It is in an interestinf descending channel for a month now, with yesterday's fake break out it is in the channel again.
I WARNED GOLD BULLS BUT...CRUCIAL AREA FOR GOLD'S FUTURE!As i tried to warn the Gold's bulls about this ''fake rally'' at my previous article now it's good time to start to search for a reversal area.
Gold as most metals are still in a bear market.From the long-term view on gold we can undesrtand that after the 5 wave structure of the 5 Elliott waves we can are in a A-B-C correction waves as mentioned in previous article.
Now of course the hawkish F.O.M.C played a role at recent Gold's rally but this was something it has been expected a lot time now so of course it's priced in our technical analysis.
The question is if Gold can keep this short-term ascending channel or mid and long term trend will remain bearish.
TECHNICAL OBSERVATIONS
1.As we can see at the chart Gold moved until the 1.618 Fibonacci extension from the initial uptrend move(AB).
2.We warned you that there is no too much space for Gold's Bulls as a lot of factors palyed role explained in article below.
3.If we take the Fibonacci extension from the last swing up we can notice that the well respected 1.618 Fibonacci extension comes at 1,237$/ounce area and coincides with a lot of facts that's why is very important.
4.At the 1,240$/ounce area we have:
a.Previous support/resistance level.
b.We have the 200EMA.
c.We also have the bottom trend line of the short-term ascending channel.
d.The 1.618 Fibonacci extension of the last upward swing as mentioned (CD).
e.We also have the 61.8% Fibonacci retracement of the bigger upward swing (ED).
For all the reasons mentioned this area is very important area as if this area doesn't help gold for a bounce is a bearish sign and we are looking for further downward continuation at S/R levels shown at the chart with blue dotted lines,if this area provides a support level for gold we should gradually another effort of Gold to break the 1,300$/ounce area.
No matter what will happen we will keep you informed for more profits.
Thank you for support.
Happy trading guys!
