Gold is knocking at a very STRONG RESISTANCE Zone. This resistance zone as held for the last 3 years. So, there is a high probability that Gold can fall from this area.
In the 4H, 1D timeframe, we can see BEARISH DIVERGENCE on the RSI as well.
Hence, traders can look for SELL between 1353-1360 area with SL above 1365.
TPs can be set at 1340, 1331 and 1310 respectively.
Hello dear TradingView Community, hope you're all doing well and having a good rest of your weekend. Usually my greeting right now would be 'Hello dear crypto friends', but that's not how the story began.
In this special analysis today, I'm going to show you at what crucial stage Gold currently is.
For this we're going to travel back in time, when Gold was still...
In Sunday, I posted about selling Gold at the red resistance area. As you can see, that trade is working great so far with more than 250 pips profit.
Right now, it would be interesting to see if Gold can make a recovery. The green lines are the SUPPORT areas from where Gold can bounce up.
So, if you sold XAUUSD with me, take profit if price starts bouncing from...
After today’s 1% drop it’s not a question anymore : we have started the correction.
The only question how far is gold dropping.
These kind of drops into the DCL are usually lasting for 4-7 days. So I don’t expect a bottom today.
The bottom could be printed at the end of this week or beginning of next week.
I like to use the Fib retracement for...
In this video , you will learn what is my trading plan for gold
you will also learn:
Multiple Timeframe Analysis
Trade what you see
Please watch the entire video and enjoy learning
Plan your trade and trade your plan !
Pattern: 4H Rectangle (blue shape).
Signal: Bullish every time it hits the 1W Support Zone (1) or if 54.85 breaks (2).
Target: (1) = 54.80 (2) = 57.45.
*The break out from the 1D Lower High (dashed line) practically gives a bottom signal waving a medium term bullish reversal.
Hello traders, we see a interesting formation in the weekly timeframe provided from the Dow Jones Industrial Average Index. Since January 2018 the index is trading in the range between 27000 and 21700 points. It fromed and interesting formation till now with an low at 21700 points. Looks like an inverted Head and Shoulders formation, the right shoulders could...
Hello Traders, in my previous XAUUSD Ideas, I have advised you to BUY Gold at support near 1275. As you have noticed, that BUY trade went great and we managed to get more than 750pips. Now, I would like to draw your attention to a POSSIBLE SELL SET-UP in Gold.
As you can see XAUUSD has hit a RESISTANCE AREA on the daily chart(light crimson rectangle.)This is an...
Gold has entered its 5 year Resistance Zone (1350 - 1365). This alone is an immediate sell signal. What's even more interesting though (and a stronger reason to go short on Gold) is the cycle that the metal tends to seasonally follow every 1.5 years.
The chart speaks by itself. I have distinguished two time periods: 2017/18 and 2019/20. Every time the price...
From starting of 2019 we can clearly see equity markets around the world gained some percentage. As my point of view equity markets fell to sideways to downside on coming months.
As per my wave analysis S&P 500 trading on corrective ABC pattern. i am looking for reversal should happen @ 2920 to 2930 resistance zone.
My entry for Coming...
I'm thinking that pullback (blue arrow) was either a 1/2 cycle low or the end of the 1st DC. If its the 1/2 cycle low we should move higher towards $1390 as the top. If its the later we are on day 2 of the 2nd DC. The first DC was 34 days long which is right in line with the previous cycles. If I am right we should blow past the previous high at $1348 easily. If...