Gold is on the way down some month. Little correction till 1240 can come. Than we go more down back to 1206, 1185/ 1163/ 1122 and evtl. 1108! That's all on the bigger view not for daytrading and no advice from me! Good luck guys.
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I guess it depends on Iran...? Oil has shown there to not be much affect in regards to it's price, could Gold follow. I would like to see a pullback to at least the 1310 resistance zone and see a signal printed before running it down to 1300 area which I believe can be reached. Let's see what happens with the US & Iran........
hi dear friends we back to market this week and starting to sell gold again we forcast more bearish check this out contact us for more info
Price recently bounced from a major resistance and price appears to have formed a descending channel, we are look for further downside as price looks very bearish at the moment.
see figures above
So we see first that we have a break of structure on our previous low showing that we are in a bearish movement, Second we see that we are at a supply zone: Third we are at a 38.2 retracement with Fibonacci. Four we are waiting for a candlestick to form and so far we are looking like a Bearish engulfing candle. Fifth we are seeing a cross in the MACD
Entry sell gold following this renko indicator/ candles. It seems to have confirmed the downward trend, tp at 1280, sl at 1334.
We can tell that we are now in a full bear momentum, also looks like that we have two ways to play this and catch some moves for one we can wait to break and close under yesterdays low to confirm that we are still on a bearish movement or we can catch a retracement but would have to wait but i have a feeling that this confirmation wont play out till a while longer...
We short this pair and book profit @ 1280 Reasons: 1. Double Top 2. DMI Cross 3. Dollar Strength 4. Perfect Entry level at ADX @ 33 Let's Watch !!
Deflation Incoming or temporary set back? Making lower highs and higher lows along with a Double top. The Current rebound in the US Dollar should support a fall in Gold.
Gold H4 - My sell setup for gold has been triggered. Anticipating major downside for gold in the next 2 weeks.
sell gold 1330 tgt-1 1305 t2-1258 stop-1358--