XAUUSD
Overall trend still up trend, price is doing correction for quite sometime,
assuming this is the end of the correction, price is going to fly to complete the move.
Buy @ 1485
SL @ 1474
TP @ 1600
Let's see how it goes
$GOLD #GOLD will it behave or be irrational? #XAUUSD
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Prologue
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Gold has been on a makro view in a uptrend but painting now lower highs and lower lows on smaller timeframes it is maybe coming into exhaustion. Given past market condition of retracing Index & Stock market prices it gained because in general Gold is viewed as a safe haven asset. This...
In the times of crisis, it has been recorded in history that people stock up on Gold in fear that their economies are crashing or some global event is taking place. Gold has been rallying for over a year now and I do not see momentum slowing anytime soon. I will enter long shortly, but waiting for a solid break above 1550.00 before entering. If price falls below...
Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat.
price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up.
you can see the round circle of in...
EXPECTING A SHARP MOVE UP IN SPOT GOLD OVER THE SHORT TERM. EXPECT THAT PRICE IS LIKELY TO RISE TO $1600 DOLLAR LEVEL. PLEASE FIND SUPPORTING CHARTS LINKED BELOW.
ALWAYS TRADE AT YOUR OWN RISK! AMEX:BTG NYSE:AUY NYSE:HL NYSE:GOLD NASDAQ:RGLD AMEX:GLD GDX AMEX:GDXJ AMEX:JNUG AMEX:NUGT
Gold will complete its 5th wave. Maybe I am wrong with correction, but anyways it will go up, because FED is going to cut 25bps, so it makes pretty good sense
