XAUUSD Buy Setup
Details on chart.
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If Gold remains up above 1300 then target for today is 1331 and high..Nota
Todays target has been hit.. 1331Nota
Gold can target 1348 and 1353 today.Nota
This was not expected but since we can only project things and then let market to make it.. so now on flip side there is possibility of fall again 1316 or even 1302... Lets see as today is friday and I dont expect that fall either but once again final decision is of market.Nota
For Monday, if gold remained below 1328 then it can revisit lows again towards 1311. Break of 1328 would be positive.Nota
As said earlier, if gold remains below 1328 then it will go for lows again.. so it has taken downside now lets see where it heads for now..Nota
Double bottom and W-Shape pattern is in process.. Daily closing will be interesting. Going above 1325 would be interesting.Nota
Today, we have good resistance at 1324.89 and then towards 1330. As far as gold is now above 1300 it will remain bullish..Also, there can be spike down exactly towards 1300.. which i think will be for buy orders.. as far as 1290 holds.. I am bullish.. going below 1290 will bring consolidation but I dont see deep retracement down.. bullish patterns are still valid even if it goes 1300..
So keep that in mind.. moving stop to 1290.
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Dont miss this upside fellows.. i think we are done downside.. Going above 1334 would be very bullish and will drive many new buy stops..Nota
1363 is now next stop...Nota
We have good resistance close to 1347 - 1350 that can send prices for pullback towards daily pivot which is at 1332.5Nota
As said earlier.. it was expected that gold could turn down to towards 1333... lets see now how deep does it go more..Nota
Late update on gold as i was totally into usdjpy..For today gold upside is finished after reaching 1344 in asian session.. So gold can slump today towards 1325 and 1315 even...
If someone interested in sell.. then sell keeping stop 1346.
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Guys as far as gold is now below 1339.. bearish pressure will remain.. we have US & Canada data on way..Nota
For monday guys.. it can fall towards 1343 which will be another opportunity to long for again 1355 and 1360. If incase it goes for 1360 first then this setup will be shacky..Nota
As said earlier that gold can fall on monday but it will jump up again.. so 1343 and 1339 is buying ares.. if seller of gold then sell stop above 1355 with target towards 1343 and 1339Nota
Gold if remain under 1356 then will fall towards 1347 and 1343.Nota
Never thought it is going to fall that fast in asian session.. i have my short running as well from 1354.. from double top.. now target will be 1343.. if gold cracks 1347.Nota
Gold ready to rock n roll now on upside.. stop of buy 1345. And target towards 1360 and 1370Nota
There goes spike up.. 1362 and 1367 intrday targetsNota
As far as gold is up above 1347.. it can still target 1371 today!!!!!!! We are going to see crazy day due to BOE.Nota
Gold kept 1347.. means now 1367, 1371 and 1374 on cards..Nota
For today, gold can slip towards 1351 below 1370Nota
Bingo... on spot.. nice downside!!!!!!!Nota
Hillarious day for USD sellers.. Its always good not to stick one side.. i was on buy yesterday from 1353 and today i was short from 1363...Nota
What now for golf after such miserable plunge down? It has buy or retracement setup for monday.. buy zone is 1335 and 1325 with stops at 1310 and target towards 1350 and 1355.Nota
Many big stops at 1310.. lets see how market respect of those stops.. taking out 1310 also means failure of weekly bullish grabber which will be signal for road towrds 1285. As far as now 1310 holds bulls will remain active.Nota
Gold same story as yesterday... bounce is expected and that bounce can make gold bullish again.. because we have bullish setup on weekly chart... BULLISH GRABBER!Bulls need to hold 1310 for that bullish grabber.. i am now only long... no selling..!!!!
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If this bullish grabber holds of weekly then targets are 1390 and 1435.....!!!!!!Nota
Tripple bottom and bounce..so what now..? As said earlier gold is havi g bullish setup on weekly with target towards 1410 and 1435 if 1310 hold.. so now we have jump.. i will update again upon daily close..Nota
So weekly bullish grabber still holding downside.. get ready guys for highs to test again.. 1390 on wayNota
If there will be retracement then it will be towards 1345 area for going long again
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