Xauusd4h
Gold could retest 1650 again after the minor PullbackBefore starting the analysis, I would like to say that February has been a very profitable month and more than 2000 pips were made ( Check idea links below to see the trades) on various set-ups. So, don't forget to follow me and like my ideas if they help you
Gold has pulled back strongly from its multi-year highs.
If we look at the chart, the last 4H candle looks like there are definitely some buyers here.
So, traders can look for Buys between 1562-1585 with SL below 1555.
TPs can be set at 1600, 1624 and 1660 respectively.
This is a low risk buy set-up.
XAUUSD testing Resistance again; possibility of a dropXAUUSD is going towards the Resistance area once again from where it could possibly drop.
If the resistance at 1592 area holds, Gold will probably drop towards 1575, 1560 and 1545 respectively.
What happens to Gold this week will once again depend on the market appetite for risks. So, keep an eye on the equity markets before executing your trades in Gold.
BUY GOLD ON 2H CHARTGold traded sideways on Monday before sliding on a stronger dollar, some profit-taking and an unexpected rebound on Wall Street. Yet, with the coronavirus epidemic continuing to ring alarm bells the world over, market proponents said it was a matter of time before the yellow metal took out the $1,600 resistance.
Buy Gold after pullback/ Low risk-High RewardAfter spiking to multi-year highs above 1600, XAUUSD is in a correction phase.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.
GOLD (XAUUSD) Market Outlook | Daily Forex Market BreakdownXAUUSD
Not much movement at all which is surprising. Pushing up a tiny bit. Lookin very choppy. As previously mentioned you want to respect Gold and oil. They move very violently and they are heavily influenced by fundamentals. So I will be letting gold develop more because there is too much indecision in the market right now.
XAUUSD FLIP ZONE PATTERN.In the name of Allah, the Most Gracious, the Most Merciful.
XAUUSD in Daily Time frame Looks like Reversal from here.
Market Structure: In Daily Time Frame It Looks like Flip & Zone Tested now Ready for Move Downside till 1430 to 1420.
Also, we have Found Down channel Pattern in Daily Time Frame.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.