Gold grew up strongly yesterday, but resumed its fall today during the Asian session. We should note that the upward move was on large volume, so we can consider opening short positions only after the price to breakdown the yesterday's minimum. The breakdown movement should be abrupt and supported by large volume. A stop loss should be placed above the breakdown...
Short term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks. TP: 1288 SL: 1262, (if...
If you see the chart in daily you'll see the pattern of downtrend if you see the history of Gold chart there is trends like up, down, up,down, up & now down. There are 2 supports there if it breaks we can achieve our target & if wedge pattern is break before it then change of game plan. Targert - 1215.
Gold has made lots of decisions that weren't that expected and it's approaching the previous daily double top. Although we caught one low on the double top, its rising has no limits bound to our previous setup. To be careful of fake setups, we will wait for a breakout and retest on this metal to confirm our entry. However It may be up for a potential retest on...
SL @1301 TP1 @ 1251 I Will write a quiet long insight in ten minutes but now start shorting. If gold breakouts 1301 go long ( probably something bad happened ) SL @1301 TP1 @ 1251
GOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit...
Very nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish. This makes gold a very nice sell for a target of at least 1215 and maybe lower. Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels. TP:...
Gold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising. So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.
On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up. Trading Advice: Risk: Start with a small buy position, add more at the support or when the upper range has...
Starting from mid-December 2016, gold moved in a classical zig-zag uptrend pattern all the way from $1120 up to $1295, with consecutively higher lows and higher highs. The key decision-taking levels along this way were $1120 (L), $1220 (H); $1180 (L), $1265 (H); $1195 (L), $1295 (H); and $1215 (L) and $1295 (H). During the recent swing the gold price failed to...
Gold is setting up nicely for a sell, both day and weekly downtrend are in position. Let's see how it plays out.
GOLD LONG SELL . Its has been on a down trend for several weeks and despite the retracement. we expect a weekly downtrend since it resisted on the weekly severally as illustrated on chart. entry price in between PuRPLE line TP1 ,TP2 given as labelled on chart.
Gold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it. Gold Buy around 1255 TP 1266 > 1278 Stop 1245
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