Tom Demark count gave a green 2 on the daily chart which is a clear buy signal. I expect the bull run to continue for up to 7 more days. Bollinger Bands is wide and Stoch RSI is not oversold so I do no expect a huge increase. We might touch the resistance at 1349 and pull back. Here is my trading idea: Long at: 1331 Take profit at: 1348 Stop loss: 1310
Gold has continues to test major resistance at 1332 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). An ascending support line continues to push price against this major resistance causing it to squeeze. A major move in either direction tends to happen in such situations. If price breaks below our ascending support line,...
I am looking at gold today,, i belive gold is over priced and has to retest the 127X$ levels before going to new highs. End of the year always been good for gold as most of investors looking for safe place to store thier cash for holiday season. my entry will be on the next update,,, as we are going to weekend and holidays so i will be not trading this untill...
After running Shanghai and Hong Kong exchange with physical gold settlement there is opportunity for a new bubble, which going to be not so harmful for economies like DotCom or Housing bubble. Regarding to rising FED rates in future money is going to be much more expencive, than they are right now. In accordance to that, to have ability for expand reserves,...
cadjpy long if market respec the breakout marjet will foloow my arrow
Gold price is now testing major resistance area at 1261 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and this is a key inflexion level. A strong reaction could occur at this level with the next major resistance at 1272 (Fibonacci retracement, horizontal pullback resistance, breakout resistance level) and our next...
Gold is seeing major resistance from the 1261 to 1265 area (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal pullback resistance) and seems set up for a strong reaction. The next major resistance would be at 1272 (Fibonacci retracement, Horizontal breakout level) and the next major support would be at 1237 ...
Gold goes low and low, I am not so sure, but I see its good point for short. Follow the management.
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Gold will have to catch up eventually because of oil prices moving higher & demand for 2017 that exceeds produced gold (source usdebtclock)... fundamental breakeven above 1100/1150 because of rising oil prices
Log view, we're sitting nicely on 0.236 Gold won't break down below this triangle if not oil breaks down... Currently there is no way to change the vehicle fuel to electric, it will take 5-10ys of development. Trucks haven't even made that shift yet. (Tesla/Volvo not there yet) Gold currently costs more and more to mine with a absolute breakeven at 1100, a more...
Depending on where the market goes first.