I just want to inform to all traders out there that the price of XAUUSD Gold will be touch $2000 and the price of silver will be up to $20 by the end of 2020. If looking into the history of the gold, long before the price reach $1000, many traders will not expect the price will be going to hit $1583 today. Year 2000 = Price $277 (10 years later) Year 2011=...
XAUUSD - Do you think GOLD will go further down? Trend: Buy/ Neutral BUT IF.. Support/Resistance: R1: 1480.428 S1: 1459.407 S2: 1407.433 Price action: Sellers weekly candle end up very powerful from sell side perspective. Buyers might get away for a while, but if they're able to hold under S1, then trending will show who from the market paticipants is...
During the potential global market recession in the next 1 year, gold can be one of several options for investment to hold. we will see gold pushing high to the $1600 or even the $1750 region as well. Beside the fundamental stats that show us a heaven in gold, the elliot wave is looking impressive too. Talking about elliot wave analysis, we can't separate is...
XAUUSD – Gold started showing sellers results stronger Trend: Sell/ neutral Support/Resistance: R2: 1510.49 R1: 1477.05 S1: 1464.71 S2: 1444.08 Price action: Gold started showing sellers results stronger. Buyers didn't rebounce much, which means that sellers have advantage from previous daily close. If the price maintain below 1464.71 level, then sell will...
Quick video of our first test for our BITS (Breakout Intelligent Trading Signals) for the TradingView Platform. We already have this indicator suite for ThinkorSwim, TradeStation and NinjaTrader and we are looking to launch for TradingViewe over the next week or so. It uses our proprietary cloud based algorithm from our Smartlist giving breakout signals with...
Gold has been on a very aggressive rise since it broke the 1,380 long term 1W Resistance. Recently it made contact with the Higher High trend line of its 1M Channel Up (RSI = 73.372, MACD = 46.760, Highs/Lows = 196.7521). Undoubtedly we have entered a new long term multi year Bull Cycle but that doesn't mean that the uptrend won't be without lows. Long term...
This is the end of July and #GOLD can start the next month with a bull mommentum, the last week the price slow down but this week we have non-farm payroll so we can expect volatility. Enjoy the video and let me know your thoughts about #GOLD.
In this video we analise the Monthly. Weekly and Daily chart for the week ahead. Enjoy the video and good week for everubody.
Buy GOLD using as timing signal VIX Volatility SP500 $SPX. Mark 1st month 20 MA turns up. Mark month when SPX bar red. Mark same when GOLD above is red too (only been six occassions since 2000) - purple horizontal is stop loss & break above WHITE horizontal (previous Williams Fractal - could try pivot H & L as well) purple vertical confirms buy. NOT ADVICE. DYOR
Gold Bulls in control of this trade above the 200MA passing the 38.2% fibo, with a view now of pushing towards $1,313 the 50% Level $XAUUSD. Where do you think this is going to move?
Saw this support & resistance, As you may know the market sentiment around GOLD is bullish. However before I decide to step in I can see this playing out before upside targets.
Bearish divergence possibly indicates signs of weakness in the market trend and that a reversal may occur from uptrend to downtrend. It is formed when price forms a higher high and your chosen indicator forms a lower high. In the daily chart above we can see Gold against the U.S dollar sell off after bearish divergence formed with the MACD and RSI. Combined...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Brett Steenbarger “Routine is necessary for efficiency; breaking routine is necessary for adaptation.” Trading/Investing books that I highly recommend. Some of them are listed below; 1. Brett Steenbarger's books 2 . Van Tharp's books 3. Pit bull 4. Millionaire Traders 5. Think and Grow rich 6. Trade mindfully 7....
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Forex Trading Admin Board Over the past 18 years of trading the markets I have always had an admin white board next to my main desktop computer. This has kept me disciplined and methodical in my trading approach. I am very regimented and disciplined and I try as hard possible to limit the amount of errors in my trading....
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Basic Technical Analysis Interpreting the candlestick This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen...
the Good Using Of Price Channel is Most Important to define a Target and reversal Zone So To Calculate a Distance Between the last rebound and using the same distance to define next Rebound and we can make it easy when we mix it with Rand S Level You can Inbox me for More Info about this strategy or Others
Details are in the chart. After an impulsive phase, gold has been consolidating within a triangle pattern in the last 2-3 months. A break out could be possible in the near term. For more info about triangle pattern and Elliott wave, check out this link www.elliottwave.net Stay tuned !