buy gold 1286-1284 sl 1283.60 tgt 1296-1303
BUY GOLD 1296-1294 SL 1286 TGT 1310-1315
Hi Guys, following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I...
BUY #GOLD 1285-1283 SL 1279 TGT 1291-1296-1299-1310
Hi Guys, hope it is readable. 1. Financial crisis of 2007-2008 (en.wikipedia.org) 2.People emotions take shelter into safe haven 3.Capital take shelter into safe haven Fear and uncertainty drive the market. 4.In 2010 CBs & Govs. worldwide implement measures aimed to reassure and stabilize financial systems. 5.in 2012 the run is stopped. 6.Fear and skepticism...
Hi Guys, Here a link to Investopedia definition of Cup & Handle: www.investopedia.com There are many more on the web. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a...
Hi Guys, same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels. From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th...
...but it may NOT be. thepatternsite.com IMHO these formation cannot be found at the end of a bull run. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and...
As show in the chart.
Hi Guys, I hope Richard Demille Wyckoff will forgive me for this. Lol To view Wyckoff's accumulation structure referred above click this link d.stockcharts.com For a brief introduction to The Wyckoff Method please click this link: stockcharts.com Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and...
An over 78% retracement from the highs of 2011 stopping right at the fib level. Entering into a long term cup and handle formation in this 8 year bear market in the metal. Very bullish in the years to come.
Hi Guys, the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset. For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing...
Hi Guys, the above structure may be interpreted as a descending triangle according to thepatternsite.com but is my interpretation correct? I was thinking about the Bull Run started by gold in mid-Aug'18 and its end (circled in the above chart)... ...I was thinking about the Handle formation following the Cup and unfolding price action inside this trading...
Hi Guys, this is what I see on the 4H chart. Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then. To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the support is building in week13. Gold unfolding this move below the...
Hi Guys, I was doing a work on the 1H chart but I wanted to post this first. I hope the idea is clear...not sure about how that handle may unfold though. On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls. If I am correct, a break below 1300 may prompt a further extension of the correction of the bull...
Hi Guys, tops are descending into 1285. sentiment diverge but bears keep pushing. Gold has been going up & down on support at 1285. On Thursday Gold seemed to pull back (V-shape formation) but nothing happened. I am seeing a lot of cups which may be the first signal that I am losing my mind. C'mon, get a grip Marshall, let it go, Gold is not pulling...
Gold about to retest the about trendline before going more downwards. there is also a probability of price may not retest the trendline and continue the same direction of selling. I will update you guys time to time about this pair have a close eye on that pair.
Hi Guys, since week9 Gold be forming a distribution channel representing a bear rally before extending the correction. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a...