Forecast and levels for GOLD (XAU/USD) - page 11

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Sergey Golubev
Moderator
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Sergey Golubev  

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gold trading signals and expanding triangle

evapattern, 2019.02.17 19:02

gold trading signals and expanding triangle

Gold price forecasts and gold trading signals and expanding triangle
The price of gold is the model of the expanding triangle and the price of gold tests the top line of the model

for the third time, which is an opportunity to sell 

That's why we offer gold selling recommendations today for free on the market price

GOLD

SELL @ 1318

TP @ 1308

SL @ 1323

Today's recommendation to sell gold from the level of 1318 targeting 1308 level of profit with a stop loss at the level of 1323

Gold Technical Analysis , Gold gold trading signals and expanding triangle Today

Gold is the pattern of the extended triangle as we noted after a strong bearish wave and

gold is expected to resume the bearish trend in the near term again

The bearish divergence pattern on the RSI on the hourly frame is a strong warning signal on the end of the current rally near the 1321 level

The reversal shooting star candlestick pattern is considered an entry point for gold selling

Gold signals are immediate free recommendations covering the most important opportunities in the gold market on a daily basis


Sergey Golubev
Moderator
109088
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Gold Buy

Walid Khalid, 2019.03.02 17:23

Entry point : 1293.420

S/l : 1288.856

T/P1 : 1298.713

T/p2 : 1307.237

Best Wishes 

walid khalid 


Sergey Golubev
Moderator
109088
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.03.03 11:10

GOLD (XAU/USD) - weekly correction to the possible bearish reversal; 1276 is the key (based on the article)

Gold (XAU/USD) weekly Ichimoku chart by Metatrader 5

  • "From a technical perspective, gold was likely due for a noticeable pullback judging by the red-hot relative strength index (RSI). The RSI has been increasingly sending an ‘overbought’ signal due to the 13 percent runup in the commodity since bottoming August of last year. As such, the selling in gold could be viewed as a healthy ‘reversion to the mean’ with prices consolidating back towards its moving average."
  • "Although, gold bulls were likely disappointed after the 0.786 Fibonacci retracement line – which rests around the psychological $1,300 support level – did not hold with prices breaking below this consolidation area. This may have soured sentiment further and induced additional selling as short-term momentum traders react to the apparent end of gold’s parabolic ascent."

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The chart was made on W1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template).


Sergey Golubev
Moderator
109088
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2019.03.15 07:01

GOLD (XAU/USD) - bullish ranging near bearish reversal; 1280 is the key (based on the article)

Gold (XAU/USD) daily Ichimoku chart by Metatrader 5

  • "Gold registered a low at 1280 with price respecting slope on a close basis before recovering higher. The advance failed this week at former channel support, turned resistance, with the subsequent sell-off breaking back below the 1302 pivot zone. The decline is now testing the 61.8% retracement of the advance at 1292 and a break below this threshold would risk another test of slope support with broader bullish invalidation steady at 1275/76 where the yearly opening-range low converges on the 38.2% retracement. Ultimately, a topside breach above monthly open resistance at 1313 is needed to shift the focus higher targeting the 61.8% retracement at 1321."
  • "The immediate risk is lower while below 1302 but ultimately, we’re looking for a new low to satisfy a larger correction. From a trading standpoint, a good place to reduce short exposure / lower protective stops."

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The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template).


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