Waiting to complete D. Once complete looking for 1326, over 1329 we'll continue higher. If it pushes lower past 1300 a run higher is invalid and I'll be looking for 1297.
On daily chart if we see Strong Resistance Seems in gold around 1355-1365 level its ignoring this level for long time. If hold below this 1285-1310 for Gold will not surprise.
We advice Sell gold with 3 levels with small lot sell cmp 1333 next pending set around 1344 level its strong resistance then other 1358 sl for all trades above 1368 and TP1 1313 where TP2 1285
Bearish Bat. Two formed on M15 one with lower entry and that is what looks like is happening.
TP1 1343
TP2 1339
SL 1354
Entered trade at 1354.7 GC or 1349ish.
IT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much.
Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
Overview:
The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Let's go Boy.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my...
Gold Double Wave Cycle sell Idea.
As we can find a bearish divergence on the daily chart as long as the red TL holds Gold is a sell aiming 100% FE of the first cycle.
TP 1 1241.49
TP 2 1226.87
SL 2 pips + spread above last high.
We are moving in ascending channel and just bounce from its resistance and formed H&S on top.
Sell order:
enter at 1240
with SL 1247
and TP at 1225
Buy limit order:
limit order at 1225
with SL at 1217
and TP #1 - 1245
and TP #2 - 1256
Happy trading for everybody!
Feel free for comments!
GOLD is expected to sink now.
The reason why we feel GOLD may SINK.
* It may SINK and come near 1204 levels
* Stoch RSI (3,3,14,Close) is SINKING.
* RSI (14,CLOSE) is SINKING.
* CCI (20,CLOSE) is SINKING.
Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL BELOW : 1220.52, SL: 1225.09,...
The reason why we feel GOLD may Rise.
* On weekly basis it has just started moving DOWN
* To SINL and come near 1228 levels
* Stoch RSI (3,3,14,Close) is Sinking.
* RSI (14,CLOSE) is Sinking.
* CCI (20,CLOSE) is Sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09,...
What we see after the gain on GOLD in the last days is a formation of a triangle. Other formations like this in other commodities too. Possibility of this triagle break's decide the next days on GOLD.
DJIA is expected to sink now.
There are many reason why we feel it may sink.
01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon.
02. Bearish Engulfing in daily Chart.
03. To sink and come near 1204 to 1197 levels
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06....
