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Xauusd1h

XAUUSD Setups and Analysis Just sharing some of my setups. The main one is the one with all the confirmations. The other setups didn't need as much analysis because the trend was very bullish. The first setup needed a ton of confirmation because of how powerful the sellers were previously, had to make sure it wasn't a fake-out or was going to continue on downwards after a short retest upwards. I've started using some bits and pieces of other strategies I've seen people use and it seems to work extremely well.
OANDA:XAUUSDLong
by FX_Road_To_100k
XAU/USD tries to bypass 1,323.00 againXAU/USD tries to bypass 1,323.00 again Contrary to expectations, the exchange rate failed to sneak below the combined support formed by the lower trend-line of a junior ascending channel and the 200-hour SMA. In other words, bulls made one more, though unsuccessful, attempt to push the bullion through the upper boundary of a four-month long dominant descending channel. In larger perspective, the pair is still expected to make a fully-fledged rebound from this boundary even though the current horizontal movement might last for another two weeks because of support provided by the 61.8% Fibonacci retracement level at 1,311.48. On hourly chart a combination of the weekly PP, the 55- and 100-hour SMAs most probably will prevent the pair from falling below the 1,316.00 mark during this trading session. However, this scenario might be altered due to fundamentals, such as the US PPI data release.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD fails to break below 55-hour SMA XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55- and 100-hour SMAs. For this reason, the pair is likely to make one more attempt to reach the upper boundary of a dominant five-month long descending channel. Due to absence of any significant data releases the rate might spend most of this week fluctuating between the above trend-line from the north and technical indicators from the south. In larger perspective, bears are projected to take the lead for notable amount of time.
FX_IDC:XAUUSD
by UnknownUnicorn890690