Gold is going on to its uptrend with small corrections by downside. But i think it is coming to end of its uptrend arround 1260 levels.
As I posted in my prior idea, I sold my gold position this morning when the DXY started to rally. I am still long-term bull with gold, however it is clear to me that this move wants to retest the 1220 area as this was significant resistance over the past few weeks. There's currently a bearish engulfing on the 1D chart, and the MACD is looking to test a break back...
Gold Compeleted its Cycle now if hold below 1242 we can see it 1205-1206 level where breakge of 1198 may call for 1180 Advice to sell in range of 1227-1235 sl above 1242 TP1 1206 TP2 1182 Alert if trade 70 pips Green move sl at cost
Bearish Cypher completing below previous trend/pennant line. Although it has already been violated, it could potentially hold some resistance. Lets see if it, with the help of Mr Cypher, can beat the bulls.
Could confirm a bearish plan.
After the counter. The context is seeming more bearish. Daily close below the 1194.50 assure more probability of bearish. Next Target will be 1178.70. Entry from the retracement is valid as shown in the chart. Happy Trading. Like and follow for more charts
Buy Gold @1198 SL 1192 TP1 1208 TP2 1217 Tp3 1228
Gold Short for Short Term. Good Risk Reward
Bullish pennant flag forming on 2 hour time frame. Waiting for solid break out and then opening long
Gold has broken the channel.Just wait for pulling back and short!
Gold can drop from current price 1212 or from 1223 level as hold below 1232 we can see a drop toward 1178-1186 where if hold above 1132 on daily closing we can see toward 1156-1165 level. Advice to sell in range of 1212-1223 sl above 1232 tp 1186
Short Term Correction in Gold.. Excellent Risk Reward
watch the price move backward now to broken support of megaphone (broadening top) so i consider as nice time to short
Gold has broken support around 1202.40. Now it has made a double top around the same level. It is a good opportunity to get short at market.