Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236.
Now we have a new formation in the making - W FOrmation.
I do believe we will get some sideways movement to create equilibrium and prepare for the next run up.
So as long as the price is above the 20 and 200MA - it's good to go!
My...
Currently, I'm not favoring gold due to its lack of healthy price action characterized by abrupt bullish momentum without significant pullbacks. This has resulted in the creation of numerous Asian lows and imbalances below that need to be filled. Consequently, I'll wait for price to retreat and potentially reach a demand zone to sustain its strongly bullish...
Gold like many other markets have been in difficult territory to trade well this year.
We cannot predict but only probability predict. And with probabilities, things can change so quickly.
I am currently long a couple of gold stocks as of last week, and it looks like the direction is right for now.
And finally, the gold price is matching the drapes.
We are...
Price action on XAUUSD has reacted impulsively from the third touch of a reversal three touch formation ..
The correction to the impulse is a trend continuation flag which also has an inverse head and shoulder confluence.
If price does break above the flag correction I'm going long
Gold is calm untill now , but the moment he moves up , he would go parabolic , Get ready .
PS . check the 1970-1980 for more DD .
Hiking Interest rates is sometimes the best thing that can happen to gold .
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportuntiy around 1771 zone, once we will receive any bullish confirmation the trade will be executed.
Trade Safe, Joe.
The break of the structure has provided an entry on a buy, the resistance turned support shows confirmation of the bullish movement. A good RRR of 1:2 is in place.
Finally Gold has started to move in that bullish move that we have been expecting for a while , support lies at 1182 and target zone is at 1250.
The overall pattern is looking to be double zigzag.The wave count in Euro and US Dollar index DXY is also supporting this, US Dollar is about to finish last leg of bearish correction , hence GBP, CAD , EUR , AUS and Gold...
gold hot a very important low at 1303 which represented 100% fibo expansion for three corrective waves.
we started final impulsive wave 5 probably in an up channel which is done with the lows and its time to go long targeting 1420
today is ADP employment and Friday non farm payrolls we expect upside momentum,
TVC:GOLD should trend higher in the coming sessions. As a safe haven just like Yen, there should be some synchrony with the Yen leading.
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