I short The gold on a Potential H&S even she not really Active yet so at the price now 1267 for target 1205
- all the last dollars data was so upbeat,like the ISM all PMI the up in wage,now the us GDP and Personal Consumption Expenditures Prices.
So all is in the side of dollars ,in other side when you look at DXY he male a reverse H&S
so i think in...
long at 1276.5 target at 1284 = 7.3$ intraday
no stop loss ..manage in focusing,scalp ,intraday...just beware tonigh if Trum announce new Fed chairman.
A small short intraday to make gold back on his support now at 1297-50
we can see a nice bearish divergence in H1 so if not big risk off in opening should be a easy target
try to enter at 1303-05 (i am already at friday night)
Target 1297-50 and if risk off go away continue to target 2$ more at 1295-50
5.5-6$ gain so make a middle size lot up to your balance...
I seen a bearish divergence of RSI h1
ALso on the weekly resistance
Not much reason to go up like that obly because $ retreat..NK out of the topic since 24-48h
i also believe $ will bounce back soon
Short at 1288.70
Target the cluster between the downtrend chanel and the support at 1279
Trade cancelled if NK do something this next days.
Intraday trade ..1-2 days
I short the gold on rebound with 3 target RR 1/2.5
Fomc +yellen hawkish
the gold make technical rebound only
majority of people buy it.
Target 1 = 1288 again
Target 2 =1279
Target 3 = 1271
SL 1308
this trade wil be aborded if North Korean up tension with a launch a H Bomb as mentonned in the news
Gold can repeat its movement like the time when the price of it first time in 2017 grew to the point of 1265.00 and then fell down dramatically to 1194.00. For this time I expect Gold to fall even more.
Total solar eclipses have historically been viewed as omens that bring about death and destruction.
Though I never follow astrology in my chart analysis , North America will have a total solar eclipse on Monday. On the same day I'm waiting for a start of devaluation in gold's price.
We are clearly in a range on gold's daily chart since 15th March 2017. It's the...
Hey Guys,
I already posted a chart on XAUUSD recently.
Here's just an update of the same analysis and my view on 1H chart.
Gold did not brake the main structure to go downtrend, it broke the buy set up with a charp impulse.
No we are having a corrective structure that will probably develop into another similar impulse to reach upper trendline.
My forecast is...
My previous gold sell idea was about bearish wave 4(yellow). and it was nicely done.
Now predicted wave 5(yellow) seems to be finished. 1st target(1221.3 - 100% of wave1) is reached.
Wave 5 is clear 1-2-3-4-5 (green) structure.
In my view, currect bull market corrects bear market.
Anyway it should be (A)-(B)-(C) upward move.
Wave (A) 1-2-3-4-5(yellow) seems to...
We are moving in ascending channel and just bounce from its resistance and formed H&S on top.
Sell order:
enter at 1240
with SL 1247
and TP at 1225
Buy limit order:
limit order at 1225
with SL at 1217
and TP #1 - 1245
and TP #2 - 1256
Happy trading for everybody!
Feel free for comments!
As you can see on weekly chart of gold futures GC1! It has bounced off 50% Fib level. Is it going up to 1338-1340 price point before it pauses again?
Note, I used some nice tools on the chart that tradingview provides. I have added fictitious trade to show nice risk to reward if entered at current levels.
This is not a recommendation or advice to trade. It is...
The reason why we feel GOLD may Rise.
* On weekly basis it has just started moving DOWN
* To SINL and come near 1228 levels
* Stoch RSI (3,3,14,Close) is Sinking.
* RSI (14,CLOSE) is Sinking.
* CCI (20,CLOSE) is Sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09,...
DJIA is expected to sink now.
There are many reason why we feel it may sink.
01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon.
02. Bearish Engulfing in daily Chart.
03. To sink and come near 1204 to 1197 levels
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06....
