It looks like a potential H&S could be playing out on gold atm, Although I personally wont be taking a short trade on it with all going on in the world, bullion is a great store of value against fiat currency and stock markets. More people will be looking for safe havens to store their wealth until the world returns to normal and markets start making a recovery...
The cup and handle is a fairly reliable trading pattern, especially when we see it continue here on the long term time frames. Gold has been building this position for quite some time. For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold...
This is a continuation of the last chart analysis posted here(see related ideas below), where we provided two plausible scenarios for our Bullish bias, and our preferred option 2 worked perfectly, as we see the price of this asset rising sharply from the support area provided, it would be fair to say that the next target of 1892 is not out of the question now, but...
Ok, so gold is doing a bearish sign under a resistance zone, which is the previous top. As I said in my last GOLD analysis this movement was expected. If you missed my last analysis, the link to it is below, and remember to follow me to keep updated on our trades and analyses. I’ll maintain what I said Friday, if you are a faster trader, you could’ve just...
Hey guys, I will make this really fast The Gold will go up for the next days and I don't recommand to sell It right now . A high propability that It will go up and don't sell It even If gold go down a little bit . (My analasis give high probability)
Ok, so GOLD just reached its first resistance! As I’ve been saying in my latest GOLD analyses, I’m bullish here, and if you missed my last analysis the link to it is below, and I invite you to follow me , and you’ll be updated of our trades and analyses. My TWITTER has a lot of interesting stuff too, that I can’t post here, so check it for yourself! Everything...
FOREXCOM:XAUUSD BUY LIMIT: 1698.xx STOPLOSS: 1684. TARGET: 1716-1718 R:R ~ 1:5 NOTE: Absolutely stoploss. Good Luck!
Since my last GOLD analysis there’s nothing new to tell, which is frustrating, because that triangle / pennant should be triggered a few days ago. Now, the impression GOLD gives us is that is moving sideways and will spoil the chart pattern without a real breakout. The link to my last GOLD analysis is below, and I invite you to follow me to keep updated about...
After that big stutter-step from gold, it is currently respecting a trendline from what I can see so far. So we are going to trade to can it return to a certain zone around 1652.46, or will It make another run for the weekly. BEAR TPS: • 1686.70 • 1673.49 • 1652.46 • 1632.23 (just wanna see can it make it to this target) BULL TPS: • 1713.37 • 1720.94 •...
Look For Sell when it touch 1730 and take your first profit in 1700 level then look for 1676 level
- Below strong Daily resistance wait for confirmation => SELL
Deleveraging Or The start of the end: As shown in the picture at the date of 11 march 2020 the gold knew a massive operation of sales after the feds declaration of a massive quantitative easing program. a lot of financiers Acteurs explain this drop by a phenomenon called Deleveraging so what is Deleveraging? The term refers to the point at which a firm tries to...
The rising wedge is clearly evident but expecting a contrary to the expected normally bearish immediate breakdown from rising wedges, expecting a false breakout to the upside above the rising wedge to the 1707-1740 levels possibly prior to dropping significantly towards 1585. The current wave up is a wave 5 in a 3 wave intermediate sub sequence, after the short...
Gold against the Dollar Price have been taken over by Bulls on last week..from 1623 to 1690 it moves last week, Now this pair has formed a pattern which is similar to Head and shoulders, and prices in the area of Neckline of Head and shoulder pattern..It expected to be bullish to reach 1796, or set up strongly supports the bullish. Price action technical analysis...
look for your short setup after it touch the resistance level