Hello.
I am Bear wjen it comes to Gold, but I found interesting situation here and it may repeat itself next week.
Sometimes I am doing Average number calculation, what it means is that you take and count together Highs, Lows and closes, and get Average H , L, C.
H would be 1348.99 + 1323.88 + 1356.44 + 1389.99 + 1345.77 / 5 = ?? ( Mon - Fri )
The same is going on...
Earlier we were hoping for a short term short knowing that the general trend is bullish.
We took 20 pips in the old trade and we have a new trade setup here.
We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy...
Hey Guys,
As we have predicted previously Gold XAUUSD trapped into our marked resistance & support zones and cudn't break any of it, so its bouncing back within the same region. Now in current scenario we have potential bat pattern formation which will gives us chance to go long and if XAUUSD comes upto 1320's we have trendline and resistance zone retest with...
Overview:
The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4...
Note : Gold XAUUSD @ very strong support zone now but trend was bearish.
So the faster it takes out resistance @1330's, XAUUSD (gold) will be bullish again.
I dont expect 1300 support to break, incase that happens Gold will be @ 1250's soon.
Thanks for your support...Happy Trading !
we have a minor and a major channel in daily.
if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down.
or
we break the minor...
Overview:
The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining...
Gold has a massive surge and uptrend right now, with record high physical gold purchases no wonder every trader wants a piece.
Simple trade from me for any investment vehicle - Bet up
