What we see after the gain on GOLD in the last days is a formation of a triangle. Other formations like this in other commodities too. Possibility of this triagle break's decide the next days on GOLD.
Does the first impulse correction has been started? I'll set my buy order at more or less 1150$, the stop at about 1050$ and my target will be 1350$
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
All explanation in chart) Next scenarios in higher TF: Bear - wedge playing 1100> Bull - wedge breakout 1300<
XAUUSD (GOLD) Looking for Long. because Gold have a Support area with Fibo fan level of 0.5. and also Gold have Support and Resistance area. and gold have Divergence area, so it should be up.
XAU/USD Market retreated again from 1200-10 resistance zone which giving signals about ability for trading zone between 1150 - 1210 Market closing to Janet Yellen 2-days testimony while market supports 1180 Below 1180 market will face 1170 and 1150 as support levels, while resistance at 1200 and 1210 www.tradingsignalreviews.com
Technicals This very strong trendline has been lasting for gold for some time now, and I don't expect it to stop, and it has just been touched, so this looks like a very good place to get in with a short position if you agree with this outlook (many will disagree!). Disadvantages The US economic data is currently not bad, but not great, and consumer spending...
Gold make a Selling Channel. and in my my View USD maybe strong because USD GDP was Growth. Best of Luck
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
The new adjustment to the gold/us dollar by the EWA/EWP analysis! There are 2-variants of the price progression in subwave C. Classic impulse or can be Ending Diagonal Triangle!? Anyway: Buy limit - 1073.56, S/L -1069.00, T/P - 1086.00 Best regards! Sincerely yours, Powerful Traders.
Gold's Behaviour May Signify An Upcoming Reversal For AUD/& NZD Pairs Potential Sell Setup Shown For NZDJPY, Awaiting For More Confluences To Line Up (Especially If Gold Indicates More It Does Not Wish To Trade Above Key Monthly Resistance) Gold Outlook On Potential Reversal