Gold: waiting to resume the decline

FX:XAUUSD   Gold Spot / U.S. Dollar
625 8 10
Slight bullish attempts to trade above the head & shoulders' neckline, and turning back to trade negatively below this line.

Negative pressure from the EMA50, plus bearish signals from stochastic

Targeting areas near 1146.00, with risk limit above 1215.00.
Lets just be aware of any reversal might be under construction now
End of year might carry some surprises, hoping to witness positive surprise for our position :)
+1 Reply
I think the head is the end of wave A, and we have just finished wave B, now wave C up to 1250-1270 to finish the correction.
raggatanz benrussell
I think that to start wave C gold has to go down near the TP of FXHighway and then it will rise up!
I agree with you! I opened gold sell at 1199
FXHighway raggatanz
Good luck
raggatanz FXHighway
Good one, good luck
FXHighway Technician
Thank you my friend
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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