Shuael's Blog

Avatar

XAU/USD Continues to move down

Overview :
From April of this year we XAU/USD is in a strong downtrewnd, after hitting the resistence level
around 1354.00 ( The price was rejected from that levels several times already in the long term prospective)
In the past two weeks we have a little rejection to the upside.
A possible little pullback before a downmove.
The overall target for me is around 1123.00 , near a support level.

Weekly chart:

On the weekly chart you can see the strong downtrend of XAU/USD. Th epreviouse week closed…
Read full story
Translate to English Show original
orto leave comments
Avatar

XAU/USD bouncing from the resistence level and heading down

Situation:
On the long term prospective the price is in a coomplex correction:
We had a bounce to the downside after the price tested the previous highs.
My expectation is for the price to move up and test a short term resistence level and then move to a nearby support level as shown on the daily and weekly chart.
Weekly chart:
Important levels are pointed out
Daily chart:
A possible scenario is described
Read full story
Translate to English Show original
Shuael avatar
Shuael 28 Dec.

I used a wrong timeline, setted on the 20 of feb.

orto leave comments
Avatar

XAU/USD Prediction for the 1st of June

Weekly chart:
On the weekly chart i pointed out the possible target area where i expect the price to move.
Daily chart:
On the daily chart i draw the possible scenario e expect the support level to hold and for the price to move in an uptrend.
Read full story
Translate to English Show original
orto leave comments
Avatar

XAU/USD, up to 1243.3480

General:
The pair is in a general downtre, but it seems that hte price is moving in a long term triangle pattern. for this reason i think that the price will go up to the trendline.
Expected rate of the pair for 1st of May: 1243.3480
Support: 1143.592; 1186.360
Resistence: 1247.333
On the weekly chart:
On the weekly chart i pointed out the main downtrend and some important support and resistence levels.
On the daily chart:
On the daily chart i used fibonacci retracement in order to find the po…
Read full story
Translate to English Show original
orto leave comments