Buy Gold! Go for miniumum Reistance 1. Preferred 1312
GOLDUSD Bull market has lasted 260 days from mid December 2016 thru to September 2017. We saw Three full intermediate up cycles and probably the Bull market reached its peak in September. Had it not been for Geopolitical concerns and military tensions between U.S. and NK, the Bull market would have finished in July. CCI and KST are pointing towards a bearish...
Gold continued growing on Friday, moreover, the upward move was really sharp and supported by large volume, so these facts are strong bullish signs. That’s we should consider opening exceptionally long positions for gold. Also we need to highlight the new support 1298.90 - 1302.10, where large volume is concentrated. We should enter the market after a resumption...
Gold made a comeback rising nearly $30 in the week on account of poor data yet again coming from America. Such a move was on anticipated lines as gold had made a bottom in the previous week. With a close above $1300 it strengthens the bullish picture for the prices. Gold crossed a key resistance at $1297 in one go which signals more up-move ahead. On the chart...
Gold saw yet another week of decline which created a low exactly 100 points from the high the metal made in the past month. The yellow metal was under pressure from the start of the week and grind-ed lower to make a startling comeback on the last day of the week as the data from America was poorer than expected. The rise from the lows does suggest bottoming out...
Confirming trend at 1260, and now it's for long position.
MARKET ANALYSIS: Gold is now trading in a uptrend, with a trend-line support below it. It has tested the 3rd time on the trend-line, Now its a good place to buy the market. There is a minor supply zone, If the market is able to break it, we can reach the 1350 zone in couple of weeks. So let's wait and see what the market does in the coming weeks. Cheers!
GOLD daily chart Regularity with wedges and we have already seen a similar situation, as now. And this is the good opportunity to reach the Great Supply Zone.
the gold is long, the gold is in a setback to continue its bullish movement, it is observed the classic break of a trend line amount then the recoil, to continue its bullish path.
So we are at desicion point for me. If gold fall under the trendline and out of the case we see 1260 min. Above for me 1320 it goes up to 1360. So watch out and good luck.
Gold had a continued corrective move from the highs of $1360s shedding over $20 yet again for the week closing above the key support of $1297. This fall was on account of a Hawkish Fed outcome which insisted on a 3rd hike later in the year regardless of how the economy is shaping up. Once the crucial $1300 was breached gold slid lower to its supports in $1290s but...
I am looking to buy into Gold (XAUUSD), when I see a buy signal, as support is building up. By showing you different trades in Forex and Futures (also applies to Options and ETFs) you can see that your TA skills, once acquired, can be applied to any chart. Spend the time and money to educate yourself rather than stumble from trade to trade. These skills will be...
In my previous medium term outlook, i called for Gold to short around 1338 (myself shorted at 1333) for a target 1299 & 1281, both targets were met. My analysis still preferring shorts, what i am looking now is a scope for Gold to form a lower top to continue the bearish trend, possibly an area around 1245 over the coming weeks or so. So the Strategy is to short...
If you see the chart in daily you'll see the pattern of downtrend if you see the history of Gold chart there is trends like up, down, up,down, up & now down. There are 2 supports there if it breaks we can achieve our target & if wedge pattern is break before it then change of game plan. Targert - 1215.