Price made the bullish move as expected (see previous analysis below). My overall bias on gold is bearish still, so once gold meet resistance and form a bearish candlestick pattern I will enter a sell. Before:
US-CHINA trade tension and Trump's tariff on Canadian aluminum industry, helping safe-haven to rise. Gold already broke historical high. Even USD in pressure against all the major currencies. SO, fundamentally Gold is in buy position there is no doubt here. But, all the technical indicators and tools are suggesting Gold are in an overbought condition. We need to...
Potential bullish bounce pattern for Gold. The buy zone is set where the two resistances cross ($1551). Target levels are: $1559 $1562 Stop: $1548.7 Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you...
Currently Gold break above the 1480 very key level. We expect a huge upward move here now. We can easily see that 4h re-test pin bar for entry the trend market. However, if you miss that opportunity you can maybe wait for some 50EMA on 1h timeframe for a pullback to enter the trend market. Our first target is 1532.360 and the second target is 1598.2 Good Luck! If...
I was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator...
As I posted in my last "idea", I noted that given the virtual inevitably of monetary policy easing around the world and the race to the bottom for currency devaluation - beginning in this last quarter of 2019, and through 2020 (beginning with the United States) to drive the markets higher - Gold and Silver are set to rise. Before Gold reaches 1500 I am eyeing...
COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90. The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume. For more www.everythinglester.com
Price is in a downward trend and has recently completed a Double Top Pattern. It has also broken through 200 SMA. We enter trades upon break below the neckline and set our profit target at the D point of the Cypher Pattern. Take note that price is currently near oversold levels so price may rally a bit before breaking below. IF, and a BIG IF at that, price...
Suppose the 1264 handle holds, this is what i expect to see in gold, possible 1285 later. I normally don't trade this pair.