WallStScalper

Trouble.... at resistance!

FX:XAUUSD   Gold / U.S. Dollar
631 8 1
Gold             at resistance. The 1260 handle needs to be taken out.

Speculative:
The 100 day ema could be the magnet at 1277.
With gold             at this level... many will become very bullish ......
But the 1260 handle has to be taken out. Its a master level for gold             - a line in the sand.
That's why we see the strong move back/down
The RSi has turned down before at this 60ish level. The battle is on..!
Music at work:
http://www.youtube.com/watch?v=zIl_RPSO4-U
http://open.spotify.com/track/0R8P9KfGJCDULmlEoBagcO

But as always.... time will show
Safe trading ladies and gents!
BM
2 breakouts now.
1-2 days more above negated neckline and a gold and miners are as predicted 12 days ago headed much.higher
snapshot
Reply
MicroCapEquity WallStScalper
I have some targets for this DCH in metals and miners. $SSRI 9.65, $SLW 24.88, $SLV 22.23, $GLD 131.00 , the week of Feb 2nd.
Reply
WallStScalper PRO MicroCapEquity
Thanks for sharing! It looks promising ....if one is a bull :)
Reply
GDX movement is divergent to GOLD so significantly, Why?
Reply
Because mining stocks has been beaten down for almost 3 years so they are letting steam out. Have a look at the mining stocks I have made TA on some of them on my TW stream (wall). They all have been rallying for many days now. But I do believe they soon having a rest an retrace. 1260 is the line in the sand so it will take probably some days of back and forth before gold will have build up enough strength to take out that handle. But.... time will show!
Reply
YenZa WallStScalper
Thank you very much for your responds. Do you think Gold and Gold miner is on bottom right now.
Reply
I think they are if 1260 is taken out!
Reply
A close up
snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out