On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up. Trading Advice: Risk: Start with a small buy position, add more at the support or when the upper range has...
price looks potential to make a inverted head and shoulders. buy on 61.8 will be a good entry.
Probably gold is heading to complete harmonic pattern aiming for zone 1 and if break it will extend to zone 2 so its good opportunity to buy from these zone my analysis was on daily chart timezone gold US
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Gold/USD is at the key support zone having the Stochastic RSI "Over Sold". Appealing condition for the bulls to take the control at-least up to the next resistance. I'll be waiting for the price to break above the pink trend-line (as shown in the chart). My Facebook Page: web.facebook.com
Gold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it. Gold Buy around 1255 TP 1266 > 1278 Stop 1245
Since GOLD has cleared out most of the Bears along multiple time scales up to 4 hours (IntraDay). Its Left for DAILY RSI to hold support at 50. Which it has done for the whole week. The longer its held, the more legitimate it is. (Check yesterdays Buyers launching at this level) This is inspite of all the pressure from DOLLAR buyers who want the greenback to be...
Gold broke resistance during NFP results and aims for 1350
Gold has been gaining a lot of strength in May primarily due to the dollar weakening and volatility in the US/UK politics. Look out for a break at 1300$. However, a potential pullback to the support trend line at the 1150-1200$ levels is possibly. If a pullback takes place back to the 1200$ levels, Look out for the 5 years resistance breakout at 1270$.
As in chart. Supported by fundamental bearish outlook on USDJPY.
We see third wave will go to 1265. We BUY Gold at current level. Let's Watch !!
gold lover :Gold has closed above sloping resistance. I'm going to wait for a pull back on the daily or 4 hourly and a buy signal. Target take profit around 1,300 next resistance
I'm not long gold yet - but you see it DID drop and seems to be bouncing on that long term trendline (in blue) - Depending on what happens this weekend we may be looking to go long come Monday :) Again, I'm not looking to buy YET - but if she holds, it may turn into a buy.
A good hedge for any long USD and long equity exposure.
After a huge wave down from 1294 gold is now not only reaching its lower range but also the 72 EMA on the daily time frame. This will touch this in the 1245-1248 region. Usually when a 72 ema breaks the price continues to move for a bit in that direction. As you can see sometimes the price also bounced back from the 72 ema instead of breaking it. By the look of...
So far gold has been moving nicely around in this channel. Indicators show that price might decline to the lower range at 1245 at this point either the range will break or there will be a bounce back up that will got above 1300. However we also see that in the past the price already bounced back up halfway the channel. Since the current price is also halfway the...