The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.
You can see that a long, bullish potential inverse “head and...
Two month ago i have been publish an idea that looking for bottom on the chart for gold but it doesn't happen. Last week just i see a red candle in the end of cycle. It seems we have change trend on this chart in the near future and we can have a good deal with gold right now. Because, I have many evidence. It doesn't matter what other pair tell us...
welcome to another free signal!
Important: Wait for the break above the marked up resistance and place a Buy-Stop or Buy-Limit!
Target 1: 1293,29
Target 2: 1295,55
Target 3: 1300
LEAVE A LIKE AND A COMMENT - I appreciate...
We can see that price retested but failed to break our strong resistance zone ( red box ) price then bounced and made a bearish run and is now on its way down to our support zone ( green box )
We can also see that around our support zone is that trendline ( TL ) that has been used many times before, it is possible that price could use this as support again also...
Gold is likely to bounce of from this level to 1299/1300 zone befor the drop. also gold is staying above 200EMA which offers a good support. we have to wait and see how it will play out.
Our Telegram: t.me
Cup and handle formation is formed on the monthly XAUUSD chart. Monthly MA20 (1277) is a good support area and bears failed to break that. I expect a long term bull run in the coming months. My end of year target is: 1430
Here's the truth.
Profitable trading is not about how much money you make. Because the amount of the return is dependent upon the size of your capital.
Making 10% on a $100 account is no comparison to 5% or just 2% on a $100k account.
Profitable trading is about making a POSITIVE return in a specific period of time. Then, find a source to increase your capital...
Although my sentiment for major equities and currencies is bearish (except DXY), it seems as though gold cannot maintain its edge and dropped below its rising channel that had formed since 2018. While its trying to regain its footing and get back within that channel, oscillators such as RSI and the stochastic are suggesting gold prices are overbought. Overall,...
The current weekly candle comes after a hammer candle that this candle usually comes after price declines and as a sign to change an optional trend.
Gold's upward trend further strengthens the buy signal
The question is whether this time the gold will reach the resistance, will it cross it or not?
Entry Price: 1303
Stop Loss: 1275
Take Profit: 1357
Hello, this is our point of view about gold. As you can see we have a triangle patern, so we are waiting for an bullish breakout. On our daily analysis we have a good bullish rejection on the blue support level. We are waiting for this breakout and after we can go into a long trade. Have a good day!