$970 for 2017 ?

FX:XAUUSD   Gold Spot / U.S. Dollar
1047 11 29

2 options :
Top of the channel rejects price at 123x

If gold             breaks 123x, price could reach the higher boundary of the wedge at 129x

Comment: Get out from 35 / re-took short on 1244
Trade active

Related Ideas

What is your target for your short?
It seems gold will go up from the most recent monthly chart you gave. Am I right? Thanks!
pixi sherrytradingview
@sherrytradingview, hi, the most recent i gave are bearish. I comment the last bullish ideas by a comment "Trade cancelled" few days ago.
+1 Reply
pixi sherrytradingview
@sherrytradingview, oops forgot your first answer : just read the title, i can't do more explicit.
+1 Reply
@pixi, yep, but u aim that short target after reaching at least 1282, correct?
pixi MartinX
@MartinX, i know my english is not perfect lol. But read the text : If price is rejected on 123x (actually 1244 with fine tune) -> it means short as long as price are below these levels and inside this channel. If breaks 1245 -> $1282. Note : weekly chart.
But as i say to everyone, don't trust me, trade your plan ;) do you have a chart/idea to share ?
+1 Reply
@pixi, To be honest I don't feel my technical skills are good enough yet so I have not published any charts yet :-) I don't know much about elliot waves or some other advance patterns, I just use few basic technical indicators (e.g. looking at trendlines, MAs, stochastic and RSI). I am keen to see market's reaction to trump's speech today. I hope we get another rally in SPX to 2400 which can take off some money from gold miners stocks (which I suspect was also the reason of the recent fall in gold miners) and then I would consider going long miners...
sherrytradingview sherrytradingview
Sorry, I looked at the old graph. (:
Didn't notice the throwback channel, Great spot!
I think with the situation around Trump's presidency, The market's tendency for Gold vs US economy is Bull in near future.
hi pixi, gold is ready to kiss 1290 very soon ,,,,
MartinX SachinChouhan
@SachinChouhan, absolutely, i have at least 1280 on my radar :)
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