XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure ...
Price has now finally pulled back to make a lower high, now I will be watching for a rejection to daily supply zone for potential entry down for a new lower low..
Hi. after a while, I'm here to share daily gold analysis which suggest you a direction for the day and the sell limit-buy limit zone. so, for today we have:
Suggested direction for today: BUY
Sell Limit area: 1295.27 - 1301.47
Buy Limit area: 1289.07 - 1282.87
Important RES: 1301.47
Important SUP: 1282.87
if the important sup/res breaks, we should go for trade ...
XAGUSD and XAUUSD Correlation?
Indicators include 200/800 Exponential Moving Average + 2x Fibonacci on the Daily chart with trendlines anticipating a breakout!
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Well I support I have to change my avatar to a grim ripper...
Everything it about to dump... And my little dollars are going to skyrocket.
Not that much trading opportunities yet, but when these weekly MA's get tested as resistance plenty of short opportunities.
Right now the Yen is going up up up so I will probably short it if it keeps going (long USDJPY).
Ye ...
Current price action is hinting towards the upside for Gold. If price forms a corrective pattern or an aggressive move upward we can assume a bullish move for this pair.
Gold dollar is in a complex combo pattern on higher time frames. Appears to have done an ending diagonal followed by a leading diagonal. I expect this 5 wave it just did to turn into a larger 3 wave down. I do not consider the weekly trend line it came off to be meaningful. It looks like it did a trap pattern to continue down but that may just be a leading ...
Gold broke its trading range to the downside but bears are seemingly not capable of taking it lower. Taking long positions at this stage is justified with tight stops under recent low of 1282. The R:R could be better on this trade but that's one of the drawbacks when traders wait for a breakout of the trading range as a confirmation to enter the market. There are ...
Short from $34.03
Market Cap - $18.91B
Beta - 1.61
P/B - 1.63
P/E - 27.98
Employees - 9,448
AUM - $737.5B
- Shares of Franklin Resources have underperformed the industry over the past six months.
- Headquartered in San Mateo (CA) Franklin Resources is a global investment management company and most of its net income and revenue comes from investment advisory, ...
Short from $192.71
Market Cap - $201.5B
Beta - 0.98
Trailing P/E - 47.59
Forward P/E - 27.34
P/B - 35.46
- Founded in 1996 and based in NY, Mastercard has outperformed it's industry for quite some time now. The company was well positioned for growth given its large market share, ongoing expansion and significant secular shifts towards electronic payments.
- ...
Gold remained steady against the US Dollar for the second consecutive session on Wednesday. The pair failed to accelerate and surpass the 200-hour SMA, but it likewise lacked the necessary downside momentum to breach the nearby-located 55– and 100-hour SMAs. This has left the pair in a narrow range between all three moving averages this morning. A breakout should ...
Triangle pattern in weekly chart, flag pattern correction in daily.
Buy: 1294.50
Stoploss: 1281.74
Take profit: 1307.00 - 1321.00
Note: see daily close price for confirmation
