Gold has been trapped in a range between 1200-1300. Essentially any trade you've made within this range, you will have made profit even if your analysis has been 100% incorrect (which I guess isn't the worst thing, as this could be used as a good learning tool). Over the past few months, it seems that there's been numerous "fat-finger" incidents, that have...
Based on Monthly Analyses Gold has tested 1254 monthly keylevel and failed to break it twice. On the other hand it has broken upside monthly keylevels giving the phase end at 1320. We have small accumulation targets 1293 - 1296 - 1306 as well. Now Gold is sitting on first monthly keylevel 1283 and cannot break down. For now I have bullish view and I think this...
Morning outlook - XAU/USD heads towards 1,292.91 The way the bullion moved yesterday confirmed that a theory that a support area formed by a combination of the 200-hour SMA and the weekly PP near 1,284.70 was a stronger barrier than the 55- and 100-hour SMAs. As a result, the pair broke to the top and has practically reached the monthly R1 at 1,292.91....
Previous Idea: Updates confuse you so I'll break it down here. We reached 1290 like anticipated and that meant we will break 1287. Break of 1287 gives a signal to reach 1293. Then we test back 1287, and after that, we go up to reach 1293. So we tested back 1287 and now Gold is heading up again to reach 1293. 1293 is not an intraday signal so it does not matter...
On Intraday Levels Gold is currently giving a buying opportunity at 1284ish. Those working with Stops place it below 1280. Those working without Stops, buy here small again and hold. GL
Morning outlook - XAU/USD fails to climb above 1,292.91 As it was expected, previous trading session the yellow metal spent in a steady surge against the American Dollar. However, the soar did not last for long, as it was stopped already at the closest resistance level set up by the monthly R1 at 1,292.91. At the moment, the pair is moving horizontally,...
* This bull is due to geopolitical risk only * * PA is currently above last week's high * * However, once this N Korea and Trump's news has been settled, Bears will attack real hard . * * Key levels to watch --> 1280, 1285, 1290 GLHF Digit
Broke 1265.00? 1257.00 is the key! 1300 is the target which is the weekly resistance.
So far, XAUUSD played out perfectly in our analysis. You can refer to our previous charts posted here. RR is amazing on this one. Trade safe!
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 $1295 (H). During the recent swing the gold price failed to...
Timing analysis. This is more for investor rather than a trader. If you trade this, turn down your leverage. This applies to Silver too. I did the timing analysis and they indicate gold price surge above 1300 within next 15 days from now. I have no idea what major news event ( fundamentals ) may cause it, but such price surge always needs something to trigger...
Hey guys, This is more of an update to a previous analysis we had. We had a good short on gold before we went long on the rebound. It is now clear that gold broke to the downside and it's trying to go for our new zone highlighted in our blue rectangle. We could see a bounce off the last FIB or it could go straight down to our preferred zone. PA is always key. We...
Comments: I am still looking for 1266 and trying to pick up the Entry. But on Trade 3# I mention that Gold needs to break out upside ( 1253 ) if not then may drop to 1231.5 So far looks like we are going there, but I still don't believe that myself, because 1231.5 came from an untested system. We will see. I do think Gold can open and make it to the 1245.00 giving...
Trade NR5 Capital 10.000$ Risk 5% Potential Gain - 2130$ Potential Loss - 570$ Buy - 1244.7 ( Trade Active ) TP - 1266.00 SL - 1239.00 These are estimates calculated based on Tools provided by TV. blog.tradingview.com Please choose your own risk/reward ratio and do not necessarily enter 5% just because it is stated here. Do your own due diligence how...
Gold is very volatile these days, brokers just cannot catch up and register these volatile movements in Exchange. Trade NR4 Capital 10.000$ Risk 5% Potential Gain - 1720$ Potential Loss - 480$ Buy - 1248.8 ( Trade Active / Opened before Close ) TP - 1266.00 SL - 1244.00 These are estimates calculated based on Tools provided by TV. blog.tradingview.com ...
Moment of truth right here! XAUUSD is at the bottom of it's acending channel. We are short on this pair from 1262$ with a SL @ 1251$. It makes sense to still be short and look for a break lower. If you haven't already, follow me on Instagram and Telegram for quicker updates.
Our gold short was very profitable (and of course a break down of the ascending channel would have been great but oh well! lol) I am now long on this pair unless there is a break down of the price under the current bullish channel. Trade safe!