Triangl formation on XAUUSD Chart RSI: 43.00 (Good for BUY) Short Possitions: -12000 Short vs 23'000 Buy (More Buyers on the Market)
Good Morning Traders For todays Trading i'm looking out to Buy Gold with a TP on 1518.00. There aren't any Economics Data planned for today but tommorow the Data for France and Germany Flash Manufactoring PMI will be released so i would stay on today and close trades when reaching Goal 1518.00. There is a Triangle Pattern forming so don't Trade a big Lot. The...
Good Morning Traders Here e short Analysis on the XAUUSD Chart. Scenario 1 (More Likely) If we see a Breaktout from the triangle over 1702 BUY to 1709 -> Normaly a ascending triangle ends with a BUY so the chance of a break with BUY are likely by 75% TP1: Scenario 2: If Breakout from Triangle Happens = Short to 1690 If it stays below 1690, further...
At the gold price a possible bat pattern has developed. If the X points are taken into account, the gold price could fall back in the near future. However, there are a few things to consider why the technical analysis is not necessarily correct. The following economic problems: - Corona Virus (Great influence on companies; Amazon, Cruise Boats etc.) - 10y bond...
There are two possible scenarios. If the price breaks above 1678 on the 15min chart, gold can be bought until 1690, but if the price falls below the 1670 line, short until 1660 is recommended.
As you can see on the Chart, we have e resistance that's holding Gold from rising to 1282.00 I would recommend, BUY Gold after the Breaktout TP: 1282.00, 1284.70, 1286.70 SL: 1276.00, 1274.00, 1272.00
Good Evening Dear Traders I'm expecting a rise from now on for the EUR/USD. As you can see on my chart, i think there will be a breakout from the resistance up to long. Also the UK made a deal with the EU for the Future relationship betwen the UK and the EU. I think this is a good sign after a long time, not knowing how the deal between the EU and the UK will...
Euro is falling now but the economic data from the US weren't that grate. I would recommend waiting for the bounce back from 1.1365 or waiting for the Breakout. After breakout, the next restistance line at 1.1420 and 1.1440
Breakout from triangle and resistance by 1.1420
Today we made 100pips BUY. I think there will be a correction if we have a breakout of the support-line. Be patient
We made 100pips today, i think they will be a rebound and a breakout of the triangle from 1.1400 down.