Short term trade idea in Gold

[PIA_First_IC]

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[Guest Omar_NAMOUCHI]

Hi Traders,

 

XAUUSD price action has retraced bellow 38.2% FIB (1321.6$) and near 50.0% FIB (1306.6$) area, we might see buy opportunity near 1301.5 $ area @ 161.8% Fibonacci-extension of the corrective strcutrure.

Gold has losted 52.3$ in the last 12 days with an average of -4.358$ per day since the 25/01/2018 where it was traded @ 1370.4 $,  

The big palyers will be back soon to the market.

 

Never risk more than 1to 3% per trade,

Best Regards

Omar

 

 

[Guest Omar_NAMOUCHI]

H&S pattern on XAUUSD.

[Guest Skysthelimit777]

Is Q2 looking bearish ? Some analysts say 1420 by Q6 You’re thoughts?

[Guest Skysthelimit777]

Q2 still looking unpredictable 1420 by Q4 You’re thoughts??

[Caseynotes]

HI   Gold is still trapped in the ascending triangle pattern, while a break to the upside is more likely from the TA perspective gold is of course susceptible to sudden moves in response to geopolitical events. 

 

If able to clear this long term resistance there is a lot of space to the upside.