Cauusd
Nice 1:20RR Sell on Gold!!!Looking to enter short once again after securing 7% on the previous/ looking for price to take out the high indicated. Excellent rr
Potential Shark Forming 🦈🦈GOLD - Potential shark trading with HTF momentum, we have trapped liquidity below and a very large imbalance zone that needs to be filled landing on the D point of the shark, I'm looking for a LTF pullback in a zone of confluence before potentially entering this short down to the PRZ.
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only
GOLD BREAK support line and FALLSo, the price continues to move in an upward channel, which formed in late November - early December after the price broke through the support line 1806.93. After the breakout, it touched support 1768.05 and started to rise. As a result, this line of support became the lower border of the channel.
Last week, the price touched it at point 1858.13 and started to rally, but the growth was interrupted in the middle of the channel when the price came to the resistance line 1900.47. This line has existed since August 2020 and, as you remember, it was exactly the basis of the global downtrend. And this time the price also collapsed from this line.
Now the price is within the support line 1871.32, but this time I am sure it will break through it. Since the resistance line from which the price falls is older and stronger than this support line.
Thus, I expect the price to break through the 1875.07 support line, after which it will correct and consolidate on it in the area of 1881.23. In this case, you can open a sell trade either immediately after the line breaks out or after waiting for a correction.
As a result, the price will fall to the support line at 1841.58.
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GOLD, Trading Plan for next weekYou will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
XAUUSD Gold | SWING - 1. September. 2020Hello my friend | Welcome Back.
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Gold returns to the upside after Marcus, the downtrend may head to $ 2015, the first goal in the event of breaking the resistance may head to another level, which is $ 2075.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
XAUUSD Sell updateHello traders! Last Month was really amazing for gold as we achieved 1200 pips from Gold. I am looking forward to book more profit in Gold than my previous month.
Gold is at the support after breaking the support it will find its support @1932 and will retest 1942. When its going to retest we will add one more sell in Gold. Our Target is same which is 1892. Target is set using my strategy.
Gold performance
May ends in 1000 pips profit
June ends in 1100 pips profit
July ends in 1200 pips
Don't forget to hit the like button for my hard work and follow me for many more accurate upcomming pips
My First entry
GOLD - Short setup with head and shoulders inside decision zoneWelcome to this mid-term analysis of GOLD. Since October until mid February, GOLD traded within a bearish rising wedge. This pattern got a high success rate and is worth taking note of when it’s showing up on charts.
Once we fell out of the wedge, it happened with strength and volatility. Fortunately GOLD stopped where it should, the top $1200s. This zone was the chop from the flag prior to the local top and naturally got a fair amount of strength to it. It’s likely we will flag around the orange zone and down to $1280 based on the fact the flag prior to the local top lasted 30days.
This price action have possibly created the well-known pattern head and shoulders. We had a flag before breaking $1300 acting as the first shoulder, a rally up to $1340 as the head, then a dump down to $1280, the neckline, and we’re now flagging as the second shoulder below $1300.
If you think this setup will play out, I would place a short SL above $1307 to be stopped out ABOVE a local level, and not below it. The potential risk/reward rate is very good if we close this daily candle below $1300.
The orange zone marked have a history of being a point of decision and indecision. This is basically a zone well respected by chartists and traders, and is naturally a turn point for the price action. Several pumps and dumps have ended up inside this orange zone and immediately reversed. This didn’t happen this time, making me think we could have more downside coming.
There’s a certain possibility of GOLD continuing up, so you shouldn’t risk all your cards on the head and shoulders playing out. In case we continue up, I’m looking to close some longs and re-add to my shorts inside the red zone. If the head and shoulders pattern plays out, I will take profit inside the green boxes, and move my SL down manually, trailing the price. My plan is to re-add to my longs around $1210.
That’s it for now! Feel free to share your opinion in the comment section or ask me any question you’d like! Goodbye for now :]
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