1295.74 area is a strong old resistance and could be tested as new support, We will manually enter this trade as a SELL but only down to or new support level, and we have set BUYn order for the retest of this level. We should see price push higher to the upside after this retest, our reasoning behind this trade is because the buyers ( bulls ) were strong on...
From the above chart you can see we have drawn on a few key support and resistance levels, circled in yellow you can see all the points where price tested these levels and bounced, this proves these levels are strong. Most recently price broke 1287.987 support levels and closed below this level, we can see a possible retest of 1279.565 as this is the next key...
Gold stocks have been a leading sector in the Resources Sector. Currently, there has been some climactic action and I am expecting some consolidation. However, once the consolidation has completed which stock to take positions in on the next swing. Comparing the relative strength of ANG, SGL, HAR and GFI we see that ANG is the leader of the pack. GFI has also been...
As we can see we have a really well respected resistance level on a high timeframe, this must be respected, We are expecting a bounce and a bearish move off this level as the US economy is strengthening again the gold prices will go down as when the US economy weakens people invest in gold as its a " safe investment " but when the economy strengthens people sell...
As yo can see gold has been really respecting support and resistance ( purple circles ) We are expecting the price to push lower and retest our support again, but not before confirmation, a lovely bearish candle stick is forming at the minute which is in our plan, but we will wait to see how this plays out before sending the signal to our clients. If you would...
Gold and silver made a volatile upward move as the dollar dips after dovish comments from fed chairman powell,Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy.”The dollar index falls by around...
In relationship to crypto and stock markets analysis I did with all my charts, ive compared the relationship of what might happen to gold in the next 2 years.
Correction in 1 hour time frame when the pull back to 1224 confirmed. targets: around 1216 and 1208
Since June 2013 from today Gold has been trading between $1373 & $1046, possible accumulation zone coming into play. Ma's did crossover signalling a push to the upside but was quickly reversed on August 1st and acted as resistance as gold had Four red months.
Lester and myself are watching a few of the South African Gold pairs
Gold is approaching a well respected trend line on the daily chart, we have quiet abit of news surrounding the USD today so we will be keeping an eye on it, depending on the news we are expecting GJ to respect the trend line and drop again. Trade with ENTRY, SL and TP will be sent out in our group. If you would like to join us then please inbox us.
Looking at the long-term analysis on the 1W view of gold, it looks like it is headed downward still. At the moment it is on a retracement up and not to be confused for trend reversal as i do not believe market is reversing just yet until it hits either/both of the 2 horizontal lines in my chart. 1st yellow line at 1130.71 here on tradingview 2nd yellow line at...
as we hitted stop loss but its ok in low losses and we knew gold trend is up !!!! so at last forecast we expect more retrace that didnt happen its ok now we can enter buy position we more high rate success take a look on this and take care ,
Gold is respecting a key trend line on the daily timeframe, we are short on this position but all TP and SL are reserved for our clients. Message us if you are interested in joining.
gold rejected the 1220 resistance forming a shooting star, however, the RSI is not overbought and present a strong bullish divergence. this to me means there may be a pull back to 1208-1210 which is the old resistance turned into support. it bounced off the BB bottom which is an expected reaction. the green candle that a surge from the last price action, suggest...
Gold daily frame looks good. There are different signals suggesting a possible reversal is in play. we have a piercing pattern formed by last candles. gold clean break the resistance at 1210 provided by the hammer back in july and we can expect it will turn into a support. The oscillator all present a strong bullish divergence with the rsi squeezed between the new...
Gold. It looks like a similar situation to December 2016 is unfolding. there is a TK bearish cross and a death cross of 20 & 50 EMA which suggest the continuation of the dowtrend. however we have some sign that a reversal may be coming. A bullish divergence can be spotted on the RSI which is currently under 30 (oversold) . Stoch is extremely oversold and bottoming...
Hi, In 2017-05-09, 2017-07-07 and 2017-12-11, the RSI gave us very clear BUY signal. We can see this signal again at 2018-06-20. Maybe a tip from my side. Take a look at my chart and leave a comment :-) I can learn from you! You can contact me on instagram @ties.boer Kind regards Ties Boer