Another bullish flag on GOLD Trade at your own risk!
Bull waves pattern. Trade at your own risk.
ABC pattern on gold, GOLD is doing a bullish flag at the moment. Trade at your own rifk!
After so long, i can't believe im bull on gold. Trade at your own risk.
Using the GOLD downtrend to get an edge. Trade at your own risk!
I've noticed that when moving averages converge and then cross while in a downward path (like the two next to the red arrows), the trend reverses. The same goes for upward momentum as indicated next to the green arrow.
Large pennant formation over last few days. Cup and handle forming inside of ascending triangle. If can get above 41.80, should move towards yesterday resistance around 42.15, then break out to 43 invalidate if break traingle on 1hr close.
The price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup. Keep a Stoploss: 1290 Target 1: 1340 Target 2: 1375
could be another chance to BUY all over again!!
The price is above the upper limit of the downtrend channel which has been consolidating during the last 2 and a half years, and now in the most immediate context the price action fits into an uptrend channel, therefore in order to look for entries one could play the break out, the pull back or the Reversal, all of it taking into account the boundaries of the blue channel
Current daily trend signals an impending temporary reversal to silver's parabolic decline since the peak of $52.