XAUUSD / H4 / Technical Chart
Formation: Cypher Pattern
Risk Management: Fixed Lot Size
Target and Stop: On the Chart
Wish you many pips
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Silver is coming back at the bottom again.
How you can trade on this chart.
1. Buy on 15 minutes impulse
In case price keeps pushing lower let the price hit the bottom and then load from the bottom.
Good luck for the easy money.
XAUUSD made a correction end on the red resistance zone .
This channel now has its 5th wave ongoing.
We were assuming a more higher high would come for a double top , but it did not happen.
Now on weekly chart, gold is showing another hammer for sellers.
Keep our last short trade signal on gold till tp1 (1273)which is quite...
Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT".
That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of...
This chart shows the Gap in CME futures between Friday close and Sunday open.
As you know, the last large gap like that was filled soon afterward with one big red.
This time, I think it might run bear trap first, and go higher to wipe out shorts.
Considering the size of that gap, and previous behavior, there will be a LOT of shorts.
Most of those shorts will...
"China State Run Media Broadcasts Anti-American Movies To Millions Amid Deepening Trade War"
That's today headlines.
Larry Kudlow, Trump market expert that has the job of helping him make sure the stock market goes up, is exhausted constently sollicited by Donal Trump, and even had a heart attack. He wants to leave.
“I NEED YOU HERE FOR THE MARKETS”.
View On XAU/USD (20 May 2019)
First: We warned that $1,300 was a STRONG resistant.
Background: As mentioned, $1,300 was a very tough nut to crack and at the same time $1,265 to $1,270 is a good support.
We expect the market will take a clue from FOMC and it will take shape after the midweek.
Target(s): Neutral. I will update if there is any new...
S+P 500 Futures Price Rally
to start the new week of trading overnight on 5/20 is, to my eyes highly suspect,
and offers a patient short seller a major opportunity
to position and sell the rally, prior to,a potential major break in the retracement pattern.
Rally has the potential to reach 2880 if shorts continue to cover,
so being patient is the key here.
As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren't closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.
Yesterday we posted an...
While the price is below the resistance 66.50, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI support #1 at 43 is not broken, the probability of price decrease would be too...
Follow my channel for signals ! TRADINGVIEW DELETED 10 Analyzes because i promoted my telegram group with a link. Still got them on my website!
- We got a lower high ( signal was in my FREE Channel )
- Since then price moved lower and we prob going to see more bearish movement.
- Confluence with the dxy and the technicals
technical trade.. Gold Pipz
The new analysis or report will be published at the end of the day-
As we are writing this report gold is trading at $1277 however the white metal is currently trading around $14.40(we have entered in our silver position at $15 last week). Currently, we hold three positions in our portfolio in which two of them dedicated to the...
What's up Traders!
Gold is not really easy to figure out at the moment. We are sat in the falling wedge pattern (it has a tendency to break out to the upside) + weekly trend line in combination with near term support. Bear in mind there is also a weekly bearish PIN OB so caution required if you are going long.
We are not break out traders so for us patience is...
Current active position
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)