Kumowizard
Long

GOLD - Did you enter CT longs? If not, buy pullbacks

FX:XAUUSD   Gold Spot / U.S. Dollar
205 3 4
This is an update to my previous post.

Daily: MACD cross gave a futher short term bullish swing signal. Triangle break happened with big bullish candle. DMI turning bullish again. First support/resistance level at Kijun Sen reached, we may see some pull back, but that is likely a buying opportunity in short term.

4 Hrs: Triangle break, 100 WMA cross and Kumo+trendline break. Gold             has enterred a counter trend with this break and close above 1170-1175 key level. Slow Stoch is overbought, so here we may see some consolidation or minor pullback before momentum can accelerate. If the pullack happens first, then try to buy in 1176-1182 range. However if from here we see further quick spike above 1200 without an interim pullback, then I will partially take profit on my longs as from there correction will likely push it touch lower again.
So now will going up or down?
Reply
Kumowizard ChinWeiHong
May go up a bit more. It is clearly a proxy now on USD. If USD shows more correctionm Gold will go up, but 1210-1220 I think is a strong bearish support.
Reply
1200-1205 resistance zone reached, I took profit on half of my longs today.
+1 Reply
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