XAUUSD gold chart analysis December 3

3 בדצמ׳ 2019

Hello,

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I will begin with XAUUSD gold chart analysis for December 3rd.







This is USDJPY 30M chart for yesterday.


It was long position strategy. And the route went from A->B strongly.
The strategy was to close with no position or stop loss if the price goes down below route B.
And the downtrend went strong.

Recently, when you see the chart including GBPUSD,
You can see the uptrend signal on monthly chart near blue parallel line resistance line.
And there were many tricks against the signal.

As you can see, I recommend you to refer only to the weekly chart.







Now, let us move on with XAUUSD Gold 4H chart.

If you look at the finger point,

It is time when the ichimoku turns into “red cloud”,
And MACD “Dead Cross” should come out.

Currently, the red cloud is very thinly supporting on 30M and 1H chart.

If it goes up, it will be adjusted shortly.
And if it turns into “blue cloud” it will fall strongly.

I brought strategy according to these two strategies.







Above shows XAUUSD Gold 30M chart.

To briefly summarize,

1. Please refer to route A long position entry timing / route B short position entry timing / and check out the price $1,461 at the right side for both positions.

2. In case of route A, please check whether the price goes down below the long position entry point.

3. If it follows route B, close your position if the price goes above the short position entry point and “touches 30M Bollinger band resistance line”. If the price does not touch the resistance line, please wait until the trend loses its power and then enter short position.


This is it for today.


Please refer to this, and hope you do well.


I will come back to you again tomorrow morning.


Thank you.



(Translation help
Jae Ho Shin.)