XAUUSD / H4 / Technical Chart
Formation: Cypher Pattern
Risk Management: Fixed Lot Size
Target and Stop: On the Chart
Wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
XAUUSD made a correction end on the red resistance zone .
This channel now has its 5th wave ongoing.
We were assuming a more higher high would come for a double top , but it did not happen.
Now on weekly chart, gold is showing another hammer for sellers.
Keep our last short trade signal on gold till tp1 (1273)which is quite...
View On XAU/USD (20 May 2019)
First: We warned that $1,300 was a STRONG resistant.
Background: As mentioned, $1,300 was a very tough nut to crack and at the same time $1,265 to $1,270 is a good support.
We expect the market will take a clue from FOMC and it will take shape after the midweek.
Target(s): Neutral. I will update if there is any new...
Dow Jones Industrial Average Daily Line Break Chart,
which uses closing price bars,
appears to be on the verge of entering
the proverbial "black hole " on the chart.
I've drawn an elementary circle around
the price area on the Dow chart,
where this almost "forbidden" event could occur.
It appears that recovery volume is quite lacking at this point,
The new analysis or report will be published at the end of the day-
As we are writing this report gold is trading at $1277 however the white metal is currently trading around $14.40(we have entered in our silver position at $15 last week). Currently, we hold three positions in our portfolio in which two of them dedicated to the...
We would potentially see a bounce of the 1.272, at 2830 for a potential long setup. I would keep a really tight long setup, at 2810, to test out this support.
This means that the next wave 3 is up to 2960, and wave 5 will hit the resistance at 2997-3010
Current active position
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
With last weeks price action we have a strong indication that the U.S Dollar is currently the biggest influence on the direction of Gold prices.
The price action further indicates that Gold is no longer a safe haven asset, but rather an investment. A lack of buyers who are choosing to invest in assets that could provide a better ROI makes the potential for a...
After the trade negotiations went bad, the market's been just bloody. The outcome of the negotiation was not anticipated, but signs of a decline or at least a consolidation were present in the chart (I did an analysis back then; check it out here). For now, my best guess is that we are all in a cluster of uncertainty and have no idea where the market is heading...
Bottom almost coming. Then UP it goes.
Share your thoughts and observation in comments session :)
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.