As Gold is showing its strength again after the Non-farm payroll news on Friday, so we could trade it up by waiting for a real breakout with upward perspective.
This trade would be in line with a double top pattern and would give you a measured target as in the picture.
As Gold is showing its strength again after the Non-farm payroll news on Friday, so we could trade it up by waiting for a real breakout with upward perspective.
This trade would be in line with a double top pattern and would give you a measured target as in the picture.
Pattern: Lower Highs on 1D.
Signal: Bullish after a new Double Bottom on 4H.
Target: 1280. This is the 0.618 Fibonacci retracement. Every previous Double Bottom formation rebounded to the 0.618 Fibonacci level.
GOLD edged higher on the last trading day of the week and jumped back above $1290 and 1294 level, just above over one-week tops set in the previous session.
Gold H4 200 ma moving average is 1290.95 area breakout and stable this level touch 1296 level. and H4 100 ma moving average area 1285.40 level so stable 100 ma gold touch 1290 area.
Gold Day 100 ma moving...
Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region.
What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...
The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.
You can see that a long, bullish potential inverse “head and...
CADJPY, bearish divergence formed for selling. price testing monthly resistance area march 2019 84.00-84.10. suspect fall reason seasonal strength expected in jpy pairs soon.
hey traders,
I am still looking for short trade on gold.
and now I have found one more potential selling area!
I have projected a falling trendline based on the two recent market highs.
As you can see the market is approaching this line once again right now.
Looking left we also can notice that here we have some minor resistance level.
ATTENTION:
to avoid a...
hey guys,
watching gold on a daily we see that the market is approaching a significant level of resistance.
on lower timeframes, we see that the market is trading inside a rising wedge pattern,
and we see a steady volume contraction as the market becoming closer and closer to resistance.
your plan for gold is to wait for a bearish breakout of a rising wedge -...
As you can see gold in h4 chart it is on its major resistance and market has lost it's bullish momentum ready to come down use money management and divide lot into several parts each with variety of TP's
Pattern: 1D Triangle.
Signal: Bullish as the price has rebounded on a Higher Low. Also the 1D Support Zone is just below.
Target: 1310 (Lower High). If the Triangle breaks higher then 1321 and 1345 can be used as extensions.
hey traders,
I was so surprised that so many people struggling with gold analysis.
Indeed, watching the gold chart on the daily, it is difficult to make the exact projection.
however, if you ask me where the gold will go next,
my simple answer will be - I DONT KNOW!
however, for next week I give you a set of conditions to be met
to easily identify the market...
hey guys,
4 winner in a row on gold already!
our next great trading opportunity is this harmonic bullish cypher pattern.
the problem with this cypher is that we have just seen a massive selloff from 1324 level,
so sentiment is very bearish.
to execute a trade properly we will need a confirmation signal:
f.ex, any reversal pattern on a lower timeframe.
for...
hey traders,
on gold we have completed bearish abcd pattern,
with dodji candle confirming the reverse.
my initial target is above 1304.0
and stop bit above 1328
good luck!
