After FOMC decision and subsequent fall of gold XAUUSD has been in neutral trend for more than a week now. This is well visible on 1-hour time frame and simultaneously reflected in low ADX value. On 1-day time frame RSI reversed from oversold area and gained bullish direction. MACD slowly loses momentum but Stochastics remains bearish. ADX value remains high and...
Golds strong run doesn't look like ending anytime soon. Expecting for XAUUSD's next leg up to play out shortly.
Once the resistance between $1,965 and $1,973 has passed a push is likely to test the $2,000 zone.
Gold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities.
Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
This is still a good buying opportunity for gold. We’re in the beginning stages of the bull market soon to make new all time highs before years end. Healthy consolidation happening around 786 fib level, once through Gold will hit $2-2.5k easily by the end of year. Gold bull market just beginning with unlimited fed liquidity injections. Physical gold is the best to...
To begin with, Gold is clearly in the uptrend on monthly, weekly and daily timeframes. Therefore shorts work with smaller probability. Just keep that in mind.
The asset is near a very important level of 1800 and the area around it, so some accumulation before a breakout attempt is expected. We are...
Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up.
This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a...
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next...
GOLD has broken above of the triangle it was trading in, and is now accumulating momentum for a surge up.
The risk reward is huge, and the trade is simple and beautiful.
The stop is just below the consolidation support line, and takes are at the resistance lines.
You can always take your 1:1 risk reward first take, but no more that 1/3 of the position. The...
There's a few indications for us to be bullish on gold:
Price is supported on the daily level at 1455 range
The selloff on gold is slowing down
Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars
Once offers have been exhausted, we should see gold soar from a series of covers and new entries