A bullish flag pattern is spotted for Gold to start the year 2020. The probable upside of this set up is the height of the flag pole which is around 2500-3000 pips. Two buy scenarios can be suggested in this set up. First is to enter buy at the breakout of 1550 level and 2nd is to wait for retracement at 1500 level (SL: 1450, TP: 1750-1800 previous highs of 2012)....
Gold looks like it finished its correction and is ready to go up, the first target is 1520.
First entry: 1472
Second entry: 1469
Stop level: 1455
First target: 1520
Second target: 1533.
Have a good week. Follow to hear more.
The gold market was rebounding really well off the $1445 support structure and did manage to break above $1475 just for a bit. However that is where the hard selling came out and price failed.
So based on the structure we can see that the gold market is confirming bearish, the next of the target is in $1445 after making a lower high. There could be a move even...
Gold has had quite a tough time as of late, clearly, and in my opinion is close to bottoming; there will likely be some additional slight downside to the 1450-1455 range, however.
The latest pump in the yields of the treasuries, of most noteworthy, the 10 year, has been the main reason Gold and Silver have plummeted. However, I believe the latest pump will be...
Checking at the LBLS indicator for the Gold it is very clearly shows this week price travel will be towards 1475.
The indicator details for your reference is here
LongBuyLongSellIndicator
A few weeks ago I stated Gold would remain under quite a bit of pressure for the first 14-15 days of October and we see exactly that. Moreover, I further suggested that Gold would trade in a 1489-1517 (on average) range for the first half of the month.
Most people believe that Gold has dropped and will continue to drop based on the potential USA-China deal....
RSI is getting close to the oversold territory first time in 5 months.
But I don't think the drop is over yet.
This summer gold broke out of the multi year consolidation proving that we are in a bull market. The multi year bear market ended in 2015 December .
The consolidation tried the traders' patience in the last three years but now we know this is a bull...
In the last two analysis of GOLD the market followed perfectly what we told you before in the beginning of the last month. After the FED meeting and cloudly information that Powell gave about the next cuts the market will be a little bit confused.
We think the market will reach levels of 1390-1387 and after that, there will be a full month of ranging. In...
Gold was trading in a bullish momentum for starting at the end of May until the mid of June. As we can see, the market is currently taking a break by making a ranging movement. In my personal opinion, the price is making a trend continuation pattern that seems to be a triangle. As for now, we can wait for the price to break the pattern with significant volume and...
Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
