18.4~$22 range. Watch out for that in the coming days... Gold is nearly its 5 year downtrend line too, with a higher high price made. Could expect $1500~1900 once again once gold breaks $1320
$SI Silver futures next resistance is now 18.075 after breaking the resistance at 17.600 #silver #futures #si #stocks #stock #options #option
Gold is currently in a strong mood. Macro economics wise it is really a short, because of the strong markets. It could be debated that gold isn't just a harbor used when the sea is wild. In any market it's obvious that there is a lot of money out there that needs to be invested. So I dare to go in long on gold these days.
After breaking the narrowing trading wedge, price broke below the support and declined to around 1215.00. I wanted to see a rally in the price earlier but did not get it. Looking at the chart we can now see price might find support at the 50SMA around the 1215.00 area, I feel there is an opportunity to get long gold here with the first target at 1250.00.
Looking for bearish price action pattern on daily scale or higher .in my opinion gold will down to 1100 and 950 usd until 2019 . Lets see !
We have recently had a narrowing trading range on gold with a skew to the upside. Price broke down the support level on Friday however came roaring back to form a doji. With the support broken I am taking a long position but will be cautious and keep a tight stop loss. Target is 1270.00
The price finally confirmed the reversal breaking above the resistance. We got small correction on lower time frame (wave b). The yellow zigzag shows the anticipated path. Now the metal aims at 18.28-19.98 according to Fibonacci projections. Then we should see the larger correction. And then another leg upside, probably the final before the huge drop...
Gold has pulled back to the .382 fib and key daily resistance (USD 1206.95/oz) where price is currently stalling. I will watch for bearish price action around this level and enter a position on a break down of the 2hr ascending channel.
We've this two nice solid candles...what do you think? Gold about to rise from this point?
Copper Weekly – At the beginning of 2011, Copper made a directional change and has fallen more than 50% to date. However, with the copper demand growing, the commodity could be ready to make its next directional change in the coming months. China, the largest consumer of copper, is seeing its economy stabilising once again after suffering during the first half of...
Copper Advance Call , possible Bullish Shark Pattern is developing, buy near 1.98 Tgt 2.098 & 2.168 Stop Loss 1.93
Weekly are making higher lows. A clear break and close above green box would provide long opportunity. Enter at the pullback at the green box again. Entry area are marked.