Break of long term down trend line with continued support for gold. Rally should be expected once resistance line is broken in 2018.
Gold Ready to flying Gold posted today an outside white candle. 1320 next target
MARKET ANALYSIS: Gold is now trading in a uptrend, with a trend-line support below it. It has tested the 3rd time on the trend-line, Now its a good place to buy the market. There is a minor supply zone, If the market is able to break it, we can reach the 1350 zone in couple of weeks. So let's wait and see what the market does in the coming weeks. Cheers!
Short term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks. TP: 1288 SL: 1262, (if...
In my previous medium term outlook, i called for Gold to short around 1338 (myself shorted at 1333) for a target 1299 & 1281, both targets were met. My analysis still preferring shorts, what i am looking now is a scope for Gold to form a lower top to continue the bearish trend, possibly an area around 1245 over the coming weeks or so. So the Strategy is to short...
Strong resistance level become strong support level , if price hold this support level daily close above 1292 ,, then this perfect level to buy for long Buy at 1292 level and stop loss below 1275 and tp1 is 1325 and tp 2 is 1355 level . Good luck and Trade with care Like and subcribe
Gold longs in play. Daily and H4 trend is bullish so we are buying on a pull back. This trade correlates well with my dollar analysis which has a bearish outlook technically. check my other posts to see the setups.
Gold has been bullish since 10th July and I don't see any reason for it to stop now. Gold is on a mission to the top or at least 1366 but I believe in 1400+ very soon in the next 1-3 weeks. I have two long positions open around 1346 and first tp is at 1366 area. Let the game begin!
Gold has made lots of decisions that weren't that expected and it's approaching the previous daily double top. Although we caught one low on the double top, its rising has no limits bound to our previous setup. To be careful of fake setups, we will wait for a breakout and retest on this metal to confirm our entry. However It may be up for a potential retest on...
Resistance levels: 1,355 + 1,375 +1,400 Support levels: 1,325 + 1,295 + 1,285 Outlook 2017-09-07 : Gold has generated a mid-term buy signal at $ 1,296 and confirmed the signal by soaring above $ 1325. The upside potential of Gold has not yet been exhausted. Facts: The bulls provided enough buying power to support $1,199 and put an end to the downside...
MARKET ANALYSIS: The pair has been trading inside a ascending triangle and has reached the channel support now. After the fake-out now the market has come back inside the channel support. Now this is a possible sign for the market to turn bullish. Now there is a mid level resistance. Once it breaks it will reach the channel resistance. So lets wait and see what...
GOLD on the daily time frame gives a nice sell setup for the upcoming week. Its approaching the 14 ema and the 72 ema is very close to it. Since the indicators give a bearish crossover chances are high that these ema levels will break. As you can see in the past these breaks mostly lead to a further downfall giving it a very high probability that price will hit...
GOLD is showing some signals of an end of the bearish retracement, so i will wait for a complete cross of the Stochastic and the first green candle on the Heiken Ashi chart. As Always Trade with your own mind but feel free to take idea ;)
Three drive pattern ... DMI Cross ... ADX shows momentum ... We take LONG position and book first profit @ 1270, second @ 1290, third @ 1310 Let's Watch !!
Very nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish. This makes gold a very nice sell for a target of at least 1215 and maybe lower. Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels. TP:...
Hi Guys $ Dollar is weakening & Gold already shows uptrend in D1. In this chart you can catch the Gold movement whether it's going down or up in the wedge pattern. If the wedge pattern break & next candle form & settle out of wedge then you can say it's breaking the pattern.