There's a strong confluence of multidiagonals coming up for late 2016 (~30th), or early 2017, this coincides nicely with the work on the gold/silver ratio I've done that suggested we could be in for a reversal in the precious metals.
Gold will close today above 1160 so you play only today up as today will close above 1160 So Play up only The signal is 100% i will publish today long signal for 1 hour trade only
buy @1022.11 This is also a nice alterntive for traders who are worried about USD strength as usually Gold suffers when USD gets strong. Not with this pair, at least to a less extent.
Gold Trading around 1164 level where We can See a turning point from current level or from 1154 level as if hold above monthly support 1143 we can see toward 1196-1210 where Still we have Strong resistance monthly pivot point that is 1225. And Rsi on Daily chart also Seems over sold condition So advice take small risk buy cmp 1164.5 and pending order...
So this is not meant to be very serious but I've seen recently some values do fit and due to the importante of these fib retracements it could happen. I actually see the C rather in the 0.382 but I tried to make it fit with an old trendline. It is bullish to me anyway but where it will stop is the real question :)
Good break? Not sure. Lets wait for volume explosion and buy setup pattern.
End of the bull run Global Equity Indexes: 1. SPX/ Global Equity indexes in the past 2/3wks saw a post-brexit central bank easing induced rally, as many CB released dovish statements following the vote which spurred investor confidence in fresh easing. - IMO much of the bull run was based on BOJ easing hopes, given the size of the economy (4th largest)...
Why Gold is lagging Safe have losses & Yen is outperforming 1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of...
2016, the year of the Risk-Off Asset Historically Gold has performed +10-20% in the 6 months into US Presidential Election years AND also by longing Gold on this pull-back it opens up the opportunity to benefit from the potential tail risk that the UK votes to "Brexit" in which Gold will likely trade through $1400. Gold is one of my favourite plays for 2016 for...
I buy gold at point 2 around $1243 and will close order at target B . Then I will sell at this point B with target 1.272 Fibonacci Retracement of A2 around $1230.
Hello, I posted a chart to long XAUUSDon 17 December 2015.My buy from 1060s is still running.Strong support + wave count + bullish trend still favoring buy.I am adding one more here.Buying 1087-1092 stop @ 1081 target 1122.My risk is 0.50% of my account.