The gold 60m looks to be building a diamond top reversal pattern. Just a possibility to consider.
Gold has had an amazing run, but technicals suggest a pause is in order.
Simple study highlighting 4 year long ascending channel. Price currently at top of channel. Indicators converging at top.
Gold, situated just below its all time high (ATH), looks ready to fall reaching powerful support. Its price is overbought, and MACD is also suggesting a correction - therefore I enter a short.
Gold overbought close to its all time high (ATH). Looking to swing short AUXUSD.
Possible long trade to 1478-1523 area. We seem to currently be at the pivotal moment for gold. Either a breakdown or continuation will happen, depending on market sentiment, inflation and the Fed's decisions. My thoughts: If inflation picks up, gold is a popular hedge against it. This could mean gold prices move up. However, higher inflation lowers...
Cases for a long position. 1. Possible Ascending Broadening Wedge Development which needs to complete final impulse wave 2. Development of new support and resistance and a recent bounce off support 3. Strong hidden bullish divergence with a higher low and an RSI lower low Entry Zone on bounce of support SL Zone placed slightly below previous low. *Not...
Chart, April 25 2019, 00h10 AM A short-term downtrend had been ceased temporality, and Gold price is in congestion. In my trading system, I'll wait for next breakout (either Up or Down) to see next short-term trend.
OANDA:XAUUSD has broken the Support Level and Up-Trendline in H1 chart, In my trading view, I will place a Short Order that below the Support and put Stop-Loss above near Resistance.
Seems like gold on correction ABC ... now playing B ... short any bounce for potential profits stop above 1325 long term short signal targets on chart (red lines) DO YOUR OWN RESEARCHES BEFORE YOU ENTER ANY TRADE I AM NOT YOUR FINANCIAL ADVISOR ,, I AM ONLY GIVING MY OPINION AND MY OWN STRATEGY
See chart. It be that gold have breakout and now retesting trendline before further a drop. A January 2019 hope rally on the SM could drive gold down in the interim. However, the SM rally will not last long - I think!
This might be logical wave Elliott wave count which suggests the gold price may achieve final long term correction to hit the red trend line at around $1000/ounce may be before or after 2020.
Correction in 1 hour time frame when the pull back to 1224 confirmed. targets: around 1216 and 1208
Good Friday morning, traders. We have made it to Friday and Bitcoin continues to move sideways after the shakeout almost two days ago. Price is not consolidating in this area, however volume is dropping, suggesting that accumulation may be taking place. As pointed out a day ago, and has become clearer at this time, price may be printing a checkmate pattern. This...
GC is currently bullish while DXY is bearish, so if sentiments remain intact, then Gold will rally but in the short term, my technicals are flashing red as clearly seen on the chart. I am therefore placing my pending order at the 200EMA which is seating at a previous support zone currently acting as resistance. I see price shooting to the 200EMA and then retracing...