Today's Chart - XAU/USD
Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal.
On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now ...
Waiting for bearish confirmation candle before putting a short stop order few pips below the recent low at S1 pivot level. Target entry near S1-S2 fibo lines (pink) with TP at previous S3 fibo line (blue) near S2 pivot level, and TP near S1 pivot level. Might widen or tighten SL depending on next week's volatility ...
Hi Everyone ! Gold is currently forming this Triangle. As you see that its a daily triangle so we can also trade inside this and can also capture the breakout move. Thanks
P.S : your likes will motivate me to continue the good work on tradingview thanks
So far, +315 pips move on our trade.....
My last post on Gold, I posted this chart: https://www.tradingview.com/x/77gMFUWB/
With that update, I also said "Gold is still heading down in a wave (iii). So DON'T try to BUY yet! And yes, it is TOO LATE to try to SELL and get in on the downtrend because this wave (iii) ...
BREAK MEANS CANDLE CLOSE ABOVE/BELOW THE LINE
PLAN A: BREAKS THE MM 7/8 1359.4, TDI / STOCH CONFIRMED ;
BUY THE RETEST, SL BELOW LAST CANDLE
PLAN B: BREAKS THE MM 6/8 1343.8, TDI / STOCH CONFIRMED,
SELL THE RETEST, SL ABOVE LAST CANDLE
We are seeing really good trend trading in both highly volatile and lucrative commodities - Gold and Crude. We are actively trading both commodities from long as well as short side by leaning against good support / resistance levels.
There are many investors out there just happy owning gold and hoping for ...
XAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING
FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE.
THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL
STAYS FIRMLY BELOW 1280-1290.
I DON'T WANT TO GET ...
As gold is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold to drop to 50% fib levels (1070.64) later on the week
Long Term Analysis:
Gold seems to be in a bullish run. However i expect it to come down slightly ...
Should silver price in retail demand or economic sentiment?
Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done ...