PinBar strength : Looking at all Pin-bars, reversal occurs whenever long Pin-bar made. If the price closes 1706 around or above , there will be Pin Bar which is the sign of reversal. Gold give us well-founded example of Strength of Reversal. If you take minutely the small things , you will know in advance the big things .
It might be a Reversal Pattern Head and Shoulders. Volumes do not confirm this pattern and it should be read as warning for us traders. Personally I would not invest in the GOLD Market. For a short term trading the market seems to be bullish.
After Monday's short-covering/reaction/fake-out, gold put in a bearish pin bar on the daily chart. This should mark the end of the uptrend and gold should resume to the downside targeting 1210-1215. Remember June/July is a typical seasonal low point, so we should expect to see gold to put in a bottom during that time frame.
The Deep Bullish Crab pattern is complete on the daily chart of this asset. Harmonic patterns are difficult to spot and when they do form particularly on the long term time frame they are of high probability and quality patterns. This is just my analysis for you to see and make the decision based on your personal analysis! It is by no means a trade signal as i...
Weekly chart looks promising. The MA of 50 and 200 weeks have crossed for first time since 2005 (beginning of my chart) and they are heading away from each other a little less than 30 degrees. Could turn into a failed reversal, but something to keep an eye on. If this an upward trend starting it could be a steep climb up the chart. Who knows with precious metals...
1400 I think is a sweet spot for Gold. This and USD analysis are very much similar in terms of a near trend reversal. At least for a nice pull back slash correction. Happy Trading, folks! Cheers.
End of the wave. Entry: 1258.xx Stop Loss: 1237 Take profit 1362
Bearish divergence (momentum vs. price) on the XAUUSD 1H chart. This divergence occurs inside of a triangle - if price breaks out to the downside, this would indicate a trend reversal. There are a lot of bearish divergences on the 240H Gold chart. When the trendline will be broken, price could go down to (at least) 1191.8 On the daily chart, RSI is getting...