Part I - Chapter 1 The Gold Swing 1. General remarks => The base of the swing => The idea of two clashing forces After the impressive leg: ...we have a completed Gold swing trade. The legs A, B and C are individual moves in the swing; a zigzag should be considered a retrace and in this case while inside a second wave that serves a function for the...
In the realm of swing trading, the struggle for liberation is forever prevalent. It would be wrong to ignore the opening move here at 1205; This kickstarted the entire move towards $1305, once outside of the wedge buyers took an "anything goes" approach to the price as risk began to evolve over time. While the triangle from an elliot wave perspective was...
This chart comes after a request from @radyan899464 and a very good time to update the chart as we reach strong support from the initial wave of profit taking after our large swing. Those tracking the previous swing can see in the diagram here: 1595 triggered a lot of profit taking and covering, we are now entering into accumulation and once again get ready...
Uncertainty around reflationary fears will add upside risks to prices in Gold for 1H20. Gold remains bid since the start of November, despite risky assets continuing to gain ground. CB's have been buying 20% of the Gold supplies, the same rate circa Nixon era, all whilst mainstream media paints the geopolitical landscape with a more constructive backdrop, any...
A very good time to update the Gold chart after clearing inflation and FOMC yesterday. As widely mentioned in the latest macro update in the institutional room: " Here tracking for a slight uptick in inflation but nothing out of trend before the spotlight is turned onto forward guidance with Fed and 2020 dots. I expect the dots to tick down whilst leaving 2021...
Gold manages to hold support structure at $1464 which means that a higher low was made and the recent higher high suggests a change in bull structure. The upside seems to be opening up and the buyers are holding the structure. Buy volume has come in on swings higher. At this point we need to see the channel that we've drawn hold well on the support end and break...
Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume...
Here we have a clear break with Gold cracking through the tops in the range that were in place for 3 years. This was a very clean ABCDE triangle which is naturally progressing towards a very impressive target at 1595.x All dips should be bought and used to re-engage bullish exposure. Continue adding topside momentum, the cheap value tickets are available at 1385...
We are approaching an interesting area Set the alarm at 1375 In the end, I expect a breakthrough as changes are coming. This year we will see the price of 1500
Hi again guys ! Today Im expressing my trading idea to go long to GC1! . The idea is based on price levels above 1230$ that gold holds , also it is a good bounce to the median band of Bollinger . I set a price target at 1274$ , this price is immediate aprochable in the next weeks. The geopolitical risks ahead and the slowing earnings from U.S behemoth companies...
Gold is in a downtrend channel on its way up. Could possibly have one more leg down before going upwards.
Gold is up 9 percent YTD. Gold is on a tear since I warned that negative price action was waning on January 6 (here). Gold has been able to overtake the $1,240 per toz. hump and chug along on global growth concerns. The IMF, just among the bunch, lowered the outlook for growth prospects; and the second largest economy – China – is pulling back, down to the...
1st WiseMan Pending enter at 1190.50 Manual SL (1181.69), TP with coefficient (2.0), TS every profit bar
Have no idea where people finds short signals here. At least traingle should be breakdown.