XAUUSD LONG TERM SELL As you can see XAUUSD has been rejected numerous of times on the resistance line. So far, it has a downward trend with strong sellers that will be bring the price below to the last line as shown in the chart.
Xausud
audjpy short potential short audjpy .. yen pairs looking week .. could be continuation to the downside .. this will do a pullback to retest so you can wait for that to get a better entry to little to no drawdown!!!!.. so wait!
XAUUSD ShortFor Gold, I do see an opportunity to short on the 4H timeframe.
The Support Zones are based upon weekly support and resistance, so with this trade you are planning on holding it for a while.
I'm looking for price to push up to the 1488 zone and then spike down to around 1450.00
Remember that Gold is an emotional commodity, so it could blast through 1488 if there is a major world event.
I am waiting to see an opportunity for a short once I see a sizable pullback.
Gold Back to previous setup as comment below..With Negative correlation with S&P500, Gold correction most likely reached.
Long now or buy stop @ 20 Nov '19 hi, Sl @ 26 Nov '19 lo
Previous Idea
gold bearish Resistance is at ichimoku clouds Senkou span A on daily chart
down side is coming back to test the lows
Silver set for a breakout?The late correction might become the end of an wave 2, possibly setting out for a bullish wave 3.
Just completed the A-E pattern, within a possible bull flag.
MACD is also turning back around.
I will also explore the other sentiment soon.
If you see something different in the charts feel free to broaden my view.
Gold 4H - Follow the Bear XAUUSD
Strong bearish momentum can be observed from the chart.
Setup: Structure Breakout
Confluence: BRN, CRS
Entry: Sell @ 1510
SL @ 1516
TP @ 1495
Let's see how it goes. Tell me what you think
XAUUSD (GOLD) sHORT TERM SHORT PRIOR TO CONTINUATION OF UPTRENDGold has had a great rally, a retracement is now in place prior to the continuation to the upside.
Either wait to enter at key level to go long or sell up to the turn.
God luck trading
XAU-USD H4 ForecastWait to Buy at support level: 1480
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Massive bearish divergence on dailyI would expect a range on daily as is case with divergences. Price is the way overextended and overbought. On monthly price went above 70 - the sign of reversal.
Right now price is above next week's PP. The retest of next week's weekly pivot is very likely scenario.
