Price is approaching its 1st resistance (horizontal swing high resistance) where it is expected to reverse down to its support (Horizontal overlap support,38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can...
If XAU Index drops below 70 @ Fed, I'm buying tons more...
3 HR JNUG tells whole story bouncing off MA's & 34x500
XAU Index Target = 175 Sept 2021 based weekly SMA turning points
XAU Index - Now to align MA's in Bullish Posture- 34>500>204>340
Price is approaching our first support (100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance (horizontal swing high resistance). Stochastics also showing support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment...
Price is approaching our first support (100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance (horizontal swing high resistance). Stochastics also showing support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment...
Looks like we can have a consolidation or even a retracement week so stay tune for any update and trade idea. Good week and good vibes
with a drop down to support im looking to go long... you're never right until it happens.. let me know what you guys think
Although my overall outlook is Bullish on Gold. The lower timeframes show attempts of breakout and failing, after the trade talk scares, tariffs etc. The economy is beginning to calm, even though its all false. Gold will experience a short term reversal to the down side based on previous market patterns, if you look into the MN and W1 charts, you can see the...
Due to the recent trade wars, tariffs, gold has been spiking up, we all know gold spikes up when the market thinks that we are going into recession. The reason why i say gold is going down, i honestly feel that the trade war will be resolved by trump during the G20 summit. The reason why trump wants a trade war with china, he wants the feds to cut rate, so after a...
Hello dear TradingView Community, hope you're all doing well and having a good rest of your weekend. Usually my greeting right now would be 'Hello dear crypto friends', but that's not how the story began. In this special analysis today, I'm going to show you at what crucial stage Gold currently is. For this we're going to travel back in time, when Gold was...
Ok, so we've seen the rocket being sent to the sky - 700 pips in 7 days... But as we know, once a rocket loses its momentum it's slowing down and eventually comes back down and goes lower than before. This movement was predicted by the bad US data ( worst in 10 years) and the ongoing trade war. Let's look at the gold chart in depth. 1. We saw Gold coming out of...
DXY will be reversing soon indicating a short for Gold. Watch for a double top and reversal candle in Gold for a sell.
If the dxy is able to hold the resistance level i have indicated and begins its push up to the 100.00 region then XAUUSD will also mirror that movement by providing us with good short opportunities all the way to the region of support indicated in the chart.