Use this as a guide to develop your view of the chart. Main items we can see: a) We have a clear Weekly support resistance zone that worked as a resistance for a long time before was broken with a bullish movement b) Now item a) is working as a support c) On the Support, we can see a Triangle Pattern that is now completed and close to the breakout d)...
The price of gold has been creating a potential symmetrical triangle pattern. The price is still below its upper limit and above its lower limit. These lines are the potential and nearest resistance and support areas for the market. The textbook target could be set by the height of the triangle pattern. If its upper limit is broken we would expect a rally with...
If a bull market in precious metals is truly underway, we want to see silver outperforming gold!
I'm not going to pretend to know what's going to happen to stocks...in Dollars terms at least. I'm also concerned about a spike higher in real rates due to deflation. That said, I believe the long-term reward in being short stocks in gold terms is massive. Keep your leverage under control and add to the trade over time.
GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it...
Ascending Triangle - Continuation Pattern The Market is bullish, so, based on technical Analysis the Market should go up The top resistance line has been broken. It might go up to 1780 USD
The real move happened in terms of Bitcoin priced in Gold..
This is a setup we are currently waiting, we have already set our Buy Stop orders: Main items we can see on the 4HS CHART: A) The price is above a previous resistance zone now working as a support B) Both the Previous Resistance and the current support have been tested multiple times from both sides C) Currently, we can see 2 corrective structures above...
Use this as a guide to develop your view of the situation: Main items we can see on the chart: a) We should Focus on the "Major Support Resistance Zone." b) Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it." c) After the price testing the zone as a resistance we saw a breakout with a bullish...
High probability of an increase in the GOLD I do not recommend GC for sale
The main trend is down. After a weak closing on Thursday, expecting further pull back on Friday. If prices bounce off of $1682 level, then the market may trade within a range from $1682 bottom to $1737 top. If $1682 is broken, the next downside targets are Fib levels at $1660 (0.618) and $1620 (0.5). RSI indicator is pointing toward lower prices.
high probability that the price will come to hit the $ 1660
The Analysis is based on the Harmonic Pattern and the E waves. But still subject to more signals. The uncertainties are, 1. Technically, for both Harmonic Pattern & E waves, they don't tell you the exactly top/bottom for the pattern; 2. For fundamental, the unlimited QE depends on the Dollar liquidity, we can only follow the change of the situations. 3. The...
Because the price of gold has reached a new high, we have to change the Elliott wave count from a simple corrective pattern to an irregular or running correction. Only in this type of corrective patterns, the new high may be reached as a wave B. This wave also consists of three sub-waves. What is more, the upward movement has stopped at the upper limit in an...