XAUGBP trade ideas
Jack Teach you how to trade XAUGBP by looking at XAUJPY Gold Reversed against GBP and JPY
We can observe that the XAUJPY dropped faster than XAUGBP,
therefore we can consider to sell XAUGBP
by using XAUJPY as our "indicator"
XAUJPY already falls to Point A
so we can expect the XAUGBP will fal to Point
A' as well.
XAUGBPSince price reached supply zone, I am looking at selling this pair next week for price correction.
Gold Long Term Gann Support and resistance on the arcs, If the price holds above the 100% fib we are going to the 161.80% around £1700
XAUGBPI have strong buy bias in the pair as all signals point to uptrend momentum. Also, price just broke out of resistance and formed RBR pattern. Buy when price retest support and demand zone.
XAUGBP, H4I have buy bias in the market following the trend. since price has pulled back in the demand zone, I am waiting for the price breaks out of the zone. Price will most like to test the supply zone.There is a higher probability that the price will continue to move higher when it breaks and closes above the supply zone.
GOLD/USD All Time High SOON !!! www.tradingview.com
All major currencies have capitulated.
Will USD stand out for long? NO.
£1200 next for GOLD Gold priced in GBP£ is nearing all time highs as the British pound continues to see bearish sentiment.
Will we See gold break all time highs and hit £1200 per ounce??
we are currently seeing some consolidation as the market decides on what to do next, we may see a pullback towards our Fibonacci support and previous resistance area before a move higher.
It wasn't so long ago where gold was trading at $1200 Dollars. The pound is very weak just now due to Brexit uncertainty, we may even see the BOE step in to stop the fall if it continues lower.
XAUGBP in a most critical zoneWatch XAUGBP on 1 Month when decide to buy GBPUSD
Analyze related link for GBPUSD
XAUGBP / BULL FLAG / LONGGreat setup broke 1000 level impulsively now we are forming a bull flag. I will look for a better entry at the bottom of the flag and I will look for a stoploss under the £1000 level. This is of course in correlation to XAUUSD which is pulling back too support will be looking for a long there too.
Bullish Gold GBPMight have a bit of that next week or two.
Price is respecting support. Weak downtrend. Looking for max 50% retracement into current week's range sometime next week.
OANDA:XAUGBP
