DO NOT TRY TO SELL WAIT FOR LONG
FOR MINI LOT SELL 1199 SL 1202 TG 1267/1264 (RISKY)
GOLD GOOD TO BUY @ 1264/67 SL 1260 TG 1222/35/1247
MORE PM ME ........................
I have been saying that Gold is going to make triple zigzag pattern, and after moving in sideways for last few days it is now ready to take the next leap. The target area is 1250 to 1260 and support is at 1182. I WILL NOT FOCUS ON SMALL CORRECTIONS AT THIS STAGE , THE POTENTIAL TIME FOR TRADE IS 2 TO 3 WEEKS.
XAUUSD; H4; READ MY WEEKLY PLAN BELOW!
Price made a third retest on a resistance area, creating a triple top that got confirmed since Friday morning.
Price broke a trend line and got rejected at a key support zone.
If we stick to the triple top pattern, we should see a breakout of the support area with extensions toward the pivot point.
Should price break ...
The Chinese CNY has further to devalue against the USD as a result of the ‘Trade War’.
With the Chinese providing a floor underneath Gold, buying when it gets to their price, there is thus further to go in the sell off of PM’s and their mining stocks.
Hallo People of Tradingview,
last Thursday I posted an idea in which I thought that GOLD was maybe forming a rising wedge. A similar pattern was forming too in EUR/USD.
1) ABC were formed at the same time;
2) when the pair broke-out the resistence, the precious metal did not and kept on going within the bounderies of the rising wedge;
3) When EUR/USD tested ...
DO NOT TRY TO SELL WAIT FOR LONG
FOR MINI LOT SELL 1199 SL 1202 TG 1267/1264 (RISKY)
GOLD GOOD TO BUY @ 1164/67 SL 1160 TG 1222/35/1247
MORE PM ME ........................
Implications and Outlook
There is important short squeeze coming out this stagnant pattern. For complete Gold Market Commentary for September 22, go to https://www.tradingsig.com/commodity-market-analysis.html
Traders,
Gold’s rally 1046.54 to 1375.12 labelled (i)-(v) confirmed the reversal signature and is indicating the end of the corrective structure from late 2011 with a Double Zig-Zag pattern at 1046.54. This larger pattern is labelled, unfolding as a primary degree impulse, 1(circle), 2(circle) and is getting ready to break to new record highs for gold the next ...
Hello from the Cryptoryhthms Team!
Bottom Top Finder, when used on the daily or 12 hour timeframe with Gold is a winner! Backed up by a full decade of forecasting, with only 3 false signals given. 37/40 Past signals were profitable, and there is currently a long signal open given at $1175. We are shooting for a target of ~$1300 within 50 days. Stop loss set ...
Gold Still In down Trend So Sellimg point 1203/5 And Stop Loss also Set 1208 And 1213 Level if Gold going down givan A Plan Than Down Side targets 1199/1190/1182
Gold has effectively been range bound for two years after its initial breakout in 2016, and currently it's having a horrendous struggle trying to meander back above $1,200. The average gold bull continues to look out into the ether on why prices should be rallying.
The common misconception is that gold is a catch-all safety asset, and it is not. So, don't make it ...
