My simple analysis for XAUUSD is going for SELL orders.
I am going for SELL from the price of 1.23716 to 1.23336.
I am using BBMA strategy to go for SELL from the price of 107.410.
On H4 chart, the trend is down so I go for short and wait for the breakout pattern.
There is a blank gap down to fill yet. The trend on H4 is down. I will close the SELL order upon confirmation of uptrend.
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I am looking for BUY opportunities at low risk positions.
On M15 chart, I go for BUY zone and watch for SELL opportunity
Full Margin Setup plan. I go for sell as there is confirmation on bearish engulfing at H4 chart.
Drop Base Drop area is spotted on H1 chart. I set up some pending SELL LIMIT orders besides active SELL orders.
XAUUSD has been an incredibly sideways market since March. That’s been especially true over the last two weeks. However, XAUUSD is respecting the levels I mentioned last week. You can see how $1,957 served as a pivot recently, and gold bears have defended $1,982, both levels I mentioned last week. On the other hand, Friday’s candle looks more ominous than...
A potential gold breakdown several times in recent weeks, with the March 21st trend line being the trigger for a short. XAUUSD closed below that trend line on May 16th. Gold has since closed below $1,960, which served as support for a few days but failed on Thursday. Friday retested the level as new resistance, so that will be one to watch next week, as any...
The candlestick passes through the setup rectangle for BUY confirmation. There are 3 curves below the candlestick movement on the 30mins chart.
I go for SHORT SELL as I spot the bearish rising wedge pattern on H4 chart.
I am looking to long BUY to reach my TP: 2012.62 on H1 chart
XAUUSD is a huge waterfall to 1974 today. Now I am looking at the consolidation zone for the buy opportunity.
I go for LONG BUY from 2016 entry as major trend at H4 chart. Layer at Reentry Point M15.
Hopefully, CPI will be lower than expected and below the previous value so that the Fed may end the rate hike. I wonder why all people expect a good CPI for XAUUSD...