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:...
As you see on the Chart, Gold is pulling back to our Daily Support zone and FIB region at 1242.60. Could we see a rejection of it ?
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.
My pending order will be on BLUE BOX my STOPLOSS 150-200PIPs my ENTRY POINT. But remember RED LINE is SBR AREA so if breakout happen keep for long. If you can see on H4 already got HNS pattern so dont think for SHORT now ..
Those that were short with me from the top should be thinking about setting stops and taking some profits off the table (3000 pips pretty f*cking good eh?). Price-wise we are finding support horizontally from a previous consolidation zone. However, I think it MIGHT drop a bit further. Look at RSI and find support either at blue or pink (highlighted). This will...
Gold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising. So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.
Big Overview for GOLD , possible head and shoulders forming, feel free to take ideas, i'm not personally right now in this trade i will wait for more confimations, i will keep updating the analysis, Wait for a new trading opportunity and Be carefull outhere ;)
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...
Looks like gold/silver bounced. If we break TL, aim for monthly pivot at 1265
Gold futures are well supported from buyers on deeps this year. We are betting on continuation of the current bullish sentiment and initiated a trade with Reward:Risk ratio of 1.02.
Buy Gold at 50% Retracement of Daily Bullish Pinbar formed at weekly resistance (look at weekly chart and zoom out, left hand). SL: A few pips below Pinbar Low TP: Next Major Weekly Resistance
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
We can go long now with similar view of converging stochs and coming out of OS zone all together....
When all the stochastics converges to same points in either OB or OS area, market reverse its direction. Check the graph and time to go long in Gold now.
I believe now is a good entry for gold. Especially when the Crypto market is taking a huge beating right now it is a good idea to hedge into gold long term. This is a bag trade. HODL.
Can price hit 1214.87 before getting long? DISCLAIMER: This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
at about 1230 area, a bullish pattern will complete and the price is on the trend line and touch the trigger line of the pitchfork so it's strongly possible to support