assume now we are in green line,cant see right side of it
for up target= on 1hour chart find last clear down leg (V shape ) then draw fibonanchi from high to low (enable 161% and 261%) now 161% place many big money traders put TP (like today) if it break buyers next target is fibo 261%
can we put sell limit on 161%= no gold is super trendy ,reverse on it...
many buystop are above 1800
dont forget put buystop (low lot size) and give it time to go up
i predict gold after break 1800 wall ,go up wild to near 1815 then back to 1800 then go to 1850 (can go to 1920 too)
DONT OPEN SELL AFTER BREAK 1800 EVEN IN 1850(open reverse posation on gold is stupid,it is super + trendy)
if you have old open sell 100% put...
Keeping an eye on the relationship between the Gold Futures and the US 10 Year Yields.
Currently, the yields are coming off their highs, but the Gold hasn't reacted yet. If we get a breakdown in the US dollar, that will be the catalyst I am sure and currently, the US dollar index is finding resistance from old support.
Jobs data was good today, but there is a...
The GC One hour time frame is in a short term
down trend. The market is finding support at the
back side of the old up channel. It is a good idea
to wait for the market to break and close above the
down trend line before looking to buy.
Entry: Counter trend line break bullish in the
STOP: In the sell zone below the entry
As long as...
Gold is an inflation hedge, so expect to see XAUUSD rising as the CPI and PCE data prints show consistent prints above 2% on average for the year.
US10 year yields steepen against the 2-year yield as short-term inflation expectations are crushed by QE and low-interest rates but medium-term inflation risks are starting to show their presence in the cost of...
on green arrow you must inter buy SL=6.00$ (buystop on high is good too)
if you have old open sell ,must put SL on today high , break 1800 mean new + trend
note=reach 1850 can take 5-6 day,if you have buy,be patient ,after 6.00$ profit , put SL on open price ,let it go up
keep monitor AC (accelator occilator) and stochastic on daily and 1hour chart always...
Today we will speak about the current price action we are observing inside the descending channel. A few weeks ago, we made a post about XAUUSD analyzing the macro situation (Daily Chart - Link in related ideas)
What are we observing right now?
-The price has broken the descending trendline (Yellow line) after making a double bottom pattern.
we see in morning gold again attack to 1800 then normaly pullback ,but news on Gold demand and open high us10 year yield break it suddenly ,crash it to support
dont fear ,trend still is + and this time 90% gold will break 1800 wall
advice= put buystop on high , break high mean new powerful + trend ,we still looking for buy in deep ,not sell...
The GC one hour time frame has created an up channel. The market is at a lot price and making higher highs and higher lows. If the market can break and close above the counter trend line bullish. That could be a strong sign the market could push towards the top of the channel towards price point 1810.00
GC one hour time frame is just under the current one hour Fibonacci extension. The market normally pulls back bearish after a Fibonacci extension is hit. After the market pulls back, the research shows as long as the market stays in the buy zone, looking for a counter trend line break entry at a low price in the buy zone is a good idea. The research shows the...
today morning gold touch trend and daily Ema200(orange line) and fibo 161%(many buyer target
so many buyer close buys and many clever hold buy to 1920,this pull back gold down
if you have buy dont fear this is a currection
if you dont have buy ,pick buy above green arrow and hold them 10-20 day ,our target is 1850 then 1920 then 2000 then 2400