In this ocasion we are long on Gold as we explain in our youtube channel GLOBAL WEALTH CO
Very clear and simple short setup Good luck :)
Reasons for -We are clearly down trending -We have broke key trend line -We have had a retest and has rejected -We have also broke previous Low Also on the daily we closed and broke the trend line Alot of momentum to the downside
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
While the Gold is traded below the range of 1090-1102 I am under sell opinion. Here is the plan to sell.
Many financial instruments are either positively or negatively correlated and the price action of these instruments would reflect the recent strength in Dollar as represented by DXY Index. Due to almost vertical move in DXY since May 2014 low, has lead many to think that Dollar is so strong that it would just continue in parabolic rise without even normal...
Looking for buying opportunity in Gold? Want to invest in Gold? $XAUUSD completed a bullish weekly pattern and on the daily chart we saw some buyers stepping in after the pattern completion. This setup presents a great R/R based on previous price behavior and if you are bullish Gold, you may want to check out this setup and do your own analysis to confirm. The...
Here we have a nice short signal triggered by the breakout of the middle median line of the Andrew's Pitchfork. In general, Andrew's Pitchfork lines act as a magnet on the price the breakout opens the way to the lower median line. This is a long middle to long term play so the technical picture might be distorted by fundamental events meanwhile. However if the...