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Commoditie

XAU/USD has a sentiment bullish about the cold warHello guys, especially in Gold. So, Gold has a sentiment bullish abut the cold war about the tension in US-China, and also some protest in USA, and that may that gold up the price. So, in H4 timeframe we see a shoulder head shoulder and that show whay Gold has force to continue has $1,777 USD the oz. and it's cam make a awesome earns in Gold if you put in longer. In daily timeframe, we see a possible continue to up, because Gold has make a pull back in the and RSI and MACD Show us that Gold has a force to continue up the price. And also, Im going to make my technical analysis below of H4, to see what movement of gold make to catch the short position, but in theory, Gold is bullish.
FOREXCOM:XAUUSDLong
by harisonhbn9718
3
What About a Short Trade?Price has not moved above MA20 on the daily chart. So, we think about short trades on hourly charts and open trades with close targets. Look at this 4H chart, we have a down movement and a possible entry level below 1321,80. MACD and RSI confirm price reversal from falling MA50. Just one thing which does not support our short trade - it's ADX falling below 20. Based on DMI we have range market conditions and we'll need more time for price movement in the direction of our trade. Stop order should be placed above 1333.80 and profit target near support level.
FX:XAUUSDShort
by DLavrov
4