Xausudshort
XAUUSD 1H View Hello
Hope you had a blue day as we did with our analysis and signals,
Nothing much to say today we keep our view as the same as yesterday with the 4H chart , Gold has swung with the highlighted areas and done them perfectly. and it's on his way to test the Daily trend line .
OANDA:XAUUSD
Buy Targets 1836 / 1846
Sell Targets 1822 / 1815 / 1811 / 1806
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Forexens
GOLD IdeaG'day, Guys.
Been so long am not updating these pages. The main reason is, due to EOY which is trading at end of the year gonna increase a huge risk on your capital.
Today let's check XAUUSD. I expect these pairs to develop price action with confirmation for a downtrend.
Let's see what gonna happen next.
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Gold shortSold gold in 1910. XAUUSD monthly chart is overextended and in need of a retracement. My target is 0.38 fibo retracement on the monthly chart. Also the weekly and daily chart is indicating short. So, a good short opportunity in gold. I sold when fibo touched 0.618 on 4H and right now in short with 1:4.5 risk to reward. If anyone wants to sell gold then wait for a strong impulse to the downside then on correction sell gold or sell now which might be risky.