After a slight correction from the resistance level of 1291.60 - 1294.20, gold resumed its growth and now the price is testing this mark. It should be noted that the price growth was sharp and on large volume, which is an excellent bullish signal. Thus, the most likely option is a breakout of the resistance and further price growth, so long positions are in the...
Hello Traders!
I am looking at Gold futures /GCZ17.
Indicators are showing bullish activity in gold since price has established long-term uptrend by breaking and holding more than 9 days above 1300 level (verified 8/25.)
Our latest upstroke started on 07/10/17 with a low of 1211.1. We ended on 9/08/17 with a high of 1362.4. Since then price has pulled back...
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!
the gold is long, the gold is in a setback to continue its bullish movement, it is observed the classic break of a trend line amount then the recoil, to continue its bullish path.
Entering into Long position in Gold after bounce from 1285-1287 support zone. Pure supply/demand trade with Risk/Reward ratio of 1.30 and good chances of success.
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...
Ok this one is interesting. Let's check out the divergence between the equity market and gold.
No statistical arbitrage opportunity on this one, but this seems to indicate to me that once the correlation between the two starts to get closer to equilibrium, gold will already be rising and equities should begin a descent down, although likely not for long.
The...
There is no more relevant resistance in front of it.
His positive bias, the tank of BTC and geopolitical situation may lead GOLD to skyrocket and reach at least 1337
Gold has been trending up in an ascending channel and broke previous resistance zone and appears to be retesting the area as new resistance. We face a great reversal possibility to the upside. Entry will be on the close above resistance trendline and some kind of bullish confirmation.
