With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) - Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls - This creates the bull flag / pennant that was see now, which was...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) I was expecting it to retrace down to the 17 area to "fill the gap" Instead it created a bull flag / pennant , and then in 3 days , broke out of our channel and above price action All very...
We are moving in ascending channel and just bounce from its resistance and formed H&S on top. Sell order: enter at 1240 with SL 1247 and TP at 1225 Buy limit order: limit order at 1225 with SL at 1217 and TP #1 - 1245 and TP #2 - 1256 Happy trading for everybody! Feel free for comments!
As you can see on weekly chart of gold futures GC1! It has bounced off 50% Fib level. Is it going up to 1338-1340 price point before it pauses again? Note, I used some nice tools on the chart that tradingview provides. I have added fictitious trade to show nice risk to reward if entered at current levels. This is not a recommendation or advice to trade. It is...
On this 1 hour time frame, price has retraced towards the weekly pivot, breaking through the resistance of 1st April. The 50 and 200 EMA both play a confirmation in this trade as price bounces of both moving averages. My take profit is placed at just a few pips below the Weekly Resistance 1 Pivot Point/Monthly Pivot Point.
The gold ended impulsive(A) wave in intermediate degree in 1285 later wave in (B) intermediate just now in the formation Tspi to the area 1170 / 80 from thereThe forecast in the high probability that the gold will raise to the wave (C) intermediate to the area 1500.... . I will continue to update the progress of the waves in the junctions of the main points
We have two patterns playing out. The head and shoulders is very clear as well as a the triangle. While the trend has been up we will wait until the we get a confirmation move before participating. Keep on your watch list.
Very strong confluence between the 1.272 and 0.786 Fibonacci levels. I have placed an entrance at this confluence.
Hidden bullish divergence on MACD and RSI Nice H4 pin bar for bullish run 1231-1241-1251 levels to focus 125x lvl preferable to close longs
Gold seems to reach oversold area soon. However if the 1239 point area will not break down there will not be a signal for sell positions. For sell signal: 1239 For buy signal: 1285 and channel is stable
There a lot of ideas about GOLD out there, GOLD dances crazy as long as there are strong support and resistances.
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<