waleedkhan
Short

Gold High probability Shooting star set up

FX:XAUUSD   Gold Spot / U.S. Dollar
Shooting star reversal candle setup

High probability setup. Massive divergence and overbought on the oscillators.
Unfortunately I pulled out of this trade on the first line... if only I held on! *patience really pays*
Reply
IMO. Bullish gartley still in play...I hope! 1260.72- 1264.74 area! Low being 3rd June.
Reply
the market will tell, but i m still more bias to the upside… hope to see more comments
+1 Reply
waleedkhan TucKinetti
I agree; there is a good case for the upside technically...

However a cross market analysis plus the recent news about deescalating tensions between russia and ukraine; could cause more downward pressure...
Reply
hmmmm good but i m long on Gold
+1 Reply
waleedkhan qaiser4u007
Reply
Yes! I agree! Would like to see H and S finish on Monday. And then a Complex to follow would be nice! The question is?. Is this a pump and dump, or the start of something, in which case i need to adjust the sails. Regards Glenn
+1 Reply
waleedkhan Iskandarglenn
Same thing I've been wondering...

It sure looks like a pump & dump...

However, if this is the start of a new bull run; then according to elliottwaves 1290-1301 must hold; to validate this down move as a "corrective wave"...

If this breaks then we can go a lot lower!

Good luck!
Waleed
Reply
Iskandarglenn PRO Iskandarglenn
My calculation on H & S, is 1301.92!
+1 Reply
waleedkhan Iskandarglenn
Agreed...that sounds about right to me...

However I would still be skeptical about going long from there...

The s&P posted a very strong bullish candle on the daily chart; if we get more upside this could put pressure on gold.

Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out