GC1! I bet many people are posting this same idea. We are looking at some resistance on the trendline with a chance to go higher again. These are some historically good levels.
The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...
We see that the price rebounded from the lower balance level. And now you can buy gold at trend level 1312.7 with stop under the lower balance level (1301.6)
Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their...
Hey, We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know? 1. The last low has not hit the ascending support of the latest move up. This means it's likely...
XAUUSD 60 MIN short moving average failure POST US Easter Holiday squeeze
Too early to tell about this trade until i see the sonar results but the setup is a potential for the week ahead. I like the risk vs reward and the range bound with the pattern so this is good. Need to check news, price action when we enter the reversal but over all the setup is one to watch. Thumbs up if you agree!
been a nothing trade for as long as i can remember. we finally gonna get a breakout here?
Probably short players will not close positions by take profit 1300
GC made a false break down of balance. We should buy at first trend level 1322,8 with stop1, or wait for a correction wave to the balance levell 1311,9 with stop2
trade # 19 gc direction l Mar 7 18 entry price 1332 trade # 14 gc may 1400 call direction l Mar 7 18 entry price 4.8 trade # 7 gc may 1290 p direction l Mar 7 18 entry price 4.4
where is this going?...let's watch and see
GC is on the lower balance level on H1 timeframe and it's consolidating. If the price breaksout balance1 we will buy
I have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section. Hi has quiet a good eye. And he's willing to learn. Today I got a chart about Gold from him. I gave him feedback, attached with this two charts. This one is a middle view of both. First I always want some context....
After the balance goes down the price is in down trend. If the price will return back to the lower balance level we'll sell it
I have been short gold for a few weeks now based on my personal (see attached.) Price has ripped up harshly but that isn't stopping me. Unless we poke above that high I am still short. Stop at 1366.6 Entry: Sell -2 @1343.4 T1: sell 1 contract at 1320.2 T2: Sell 1 contract at 1297.0 to close out position
As you can see, there's a huge bar screaming at us. It broke out of a pressure resistance. I expect it to pull back, just to scare everyone out of this long opportunity. My ForkTrading Members got a video today, how I would approach it to stalk a trade. Subscribe and get the videos I do for my FTG tribe (see footer here on TradingView). P!