Auxusd
Is that a real breakout? Finally, I am back!
This is about gold. nowadays I am focused on Oil and Gold, so let's go.
last week we had a great bullish impulse on Gold. this is a very important level and controversial reversal area as well.
I am totally long about Gold, thus the next target potentially can be 1765.
let's see if it can close above the yellow zone then it would be bullish. if not, let's say another 50% of retracement, by the way, have you seen the last dogi candle in H4? that might be a reversal candle signal.
XAUUSD short sell #XAUUSDshortthe price is losing strength, I see it marked by the turn it is taking (it is slow but the "bulls" are losing ground). I think the market is going to close lower zones, "everything that goes up falls", the XAUSD has already been in the range for a long time without generating new work zones, nor did it produce breaks of valid resistances to be able to expel the price to new levels higher and reaffirm the upward trend "buy low and sell high". Also a factor that I think is very strong would be that most small investors are operating with many purchase contracts and as we know, institutions may be waiting for a moment to absorb all those contracts and change the price towards lower levels and then start to buy to exceed the maximum historical prices as we have all been waiting since the year began.
el precio está perdiendo fuerza, lo veo marcado por el giro que está tomando (es lento pero los "bulls" están perdiendo terreno). Creo que el mercado va a cerrar zonas inferiores, "todo lo que sube cae", el XAUSD ya ha estado en el rango durante mucho tiempo sin generar nuevas zonas de trabajo, ni produjo rompimiento de resistencias validos para poder expulsar el precio a nuevos niveles más altos y reafirman la tendencia alcista "comprar barato y vender caro". También un factor que creo que es muy fuerte seria que la mayoria de pequeños inversores están operando con muchos contratos de compra y como sabemos, las instituciones pueden estar esperando un momento para absorber todos esos contratos y cambiar el precio hacia niveles más bajos y luego comenzar a comprar para superar los precios maximos historicos como todos hemos estado esperando desde que comenzó el año.
Forcasting For GoldAs we see The Gold shows the weakness almost reached in Huge level, it been a while cannot pass it, today he's bounce this level 17000.00 third time again.
Our goal for sell is to wait retest the same level again, and offer to us the urge and evidance for pulling down, such as break out the breakout the Counter trend lne, EM's Crossover 21 and 8.
Thanks and have Good Trade.
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XAU/USD sell opportunity!!!!Hi traders hope everyone had a good weekend.This is my analysis for gold this upcoming week. Okay last week identified the key area of broken support looking to turn resistance at the 1585.48 level. It’s a area to start and look for a pullback and a potential move to the downside. We are also forming somewhat of a head and shoulders pattern ,so going into this week the 1585.48 level is a nice place to start and look for those bearish patterns and if we get the rights kind of bearish setup in this market we’re going to be looking at selling the market down to the next key level of support the 1536.74 level, and if we get a break through that level ,our next targets will be 1515.40.
Hope this analysis was helpful.
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Good luck and hope you all have a profitable week.