Overview on two antagonist value: Gold & Bitcoin, They dont play on same field but its interesting to watch how bitcoin reproduce the same behavior of gold.
Green/Red candle GOLD
Blue/Red Bitcoin
TFW.
Bitcoin is bearish, like the previous period on gold, lets see how its play.
after a huge drop, we now see a small pull back, not breaking previous engulf candles or structures, for this next week, we believe gold would drop up to its previous consolidation zone at the 50% of its last rally up
Strong resistance level become strong support level ,
if price hold this support level
daily close above 1292 ,, then this perfect level to buy for long
Buy at 1292 level and stop loss below 1275 and tp1 is 1325 and tp 2 is 1355 level .
Good luck and Trade with care
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Resistance levels: 1.325 + 1.355 + 1.375
Support levels: 1.296 + 1.285 + 1.264
Outlook 2017-09-20:
Gold finds itself at a pivotal point, where the market will establish a direction. The general context remains bullish in mid-term.
Gold has been dominated by bullish market participants since beginning July 2017. It consecutively triggered further buy signals...
Gold saw a correction of over $16 which was ensued with a gap down opening on account of less than expected impact of hurricane Irma and also tensions in Korean Peninsula saw some easing. A gap down below the crucial support of $1342 firmed selling as gold was unable to recover the opening loss. Upbeat data from America also created sluggishness in gold prices...
Hey guys,
As long as we don't brake the last orange low level we have a nice flag as a buy set up. However, watch for the moves drawn.
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Hola chicos,
Mientras no rompamos el último bajo naranja tenemos una buena bandera como oportunidad de compra. Sin embargo, estad al tanto de los movimientos dibujados.
Carlos
Gold lost 42 USD over the last 4 trading days and briefly touched 1,315 USD intraday..
The recovery since then is bullish and could indeed be the beginning of the final 5th wave up targeting around 1,375 - 1,400 USD.
1h and 4h chart getting overbought already so an immediate entry does not make too much sense but it could very well mean that anybody who got...
with the trump administration&plans,can see the dollar going high and make america greate again,no need gold to be at this lvls, all the korea talks-nothing=none of the nations wants to open a third world war. (china&russia are envolved)
Gold continued its upward journey as it gained over $10 in a volatile week amid worries over another hurricane heading onto American soil. Gold surged over $30 from the lows but failed to sustain before closing with less gains when compared to the upsurge. A gap up in the start of the week kept the rising trend intact which was also aided by dismal data coming...
Hey guys,
Simple idea, just trade the last flag and get some pips going down!
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Hola chicos,
Idea simple, operad la última bandera hacia abajo para agarrar algunos pips!
Carlos
Price has pulled back to key support clearing the way for bulls to come back in and take control of Gold to new highs. A counter trend line break would add additional confirmation the bulls were taking back control of Gold. Targets are set as the next two key resistance areas to the upside at 1,358.10 and 1,375.03 respectively. Further declines in the USD Index...
