XAGUSD Silver AB=CD Channel In Play //
US dollar is strengthening against most majors and metals after strong data release from US labor market. If downtrend channel break we will look for a new PRZ and pattern to trade to the upside.
STOCH SIGNAL // Bearish Start H4/H1/M30 // Bearish start
GMACD // Trend/Down H1/H4/D1/W1/M1
Entry will be...
XAUUSD AB=CD Channel In Play //
GOLD is under pressure from NFP reports and the US dollar recovery from lows @ 93. Gold has broken out of 1268.00 consolidation and is now targeting our PRZ @ 1200.00.
Support and Resistance levels
Resistance levels 1273.70, 1280.00, 1288.00
Support levels 1256.00, 1250.00, 1242.00
STOCH SIGNAL // Bearish Start H4/H1/M30 //...
This is another basic Elliott Impulse Wave pattern applied to a long-term long trade idea for Gold. This analysis is very similar to my Siacoin Elliott Wave idea but applied to a different asset class, so I've linked that idea in case you want to check that out and compare the two. This chart is over a 15+ year period and should be treated as a long-term...
Strictly Technical XAUUSD AB=CD Channel In Play //
STOCH SIGNAL // Bearish start M30/H1 // Overbought conditions
GMACD // Trend/UP Weak H1/H4
XAUUSD Sell limit 1248 placed at 50.0- 61.8 fibo, looking to complete this AB=CD advanced pattern from Leg C to D.
Allot of people have been calling our current pattern as a clear indicator that gold will break out to the up side?However I don't think so. Iv never seen a break out look like this before.
With very strong markets, I highly duet we will see much of a break out to anything past 1224. Yellen's speech has had some impact but not a great impact. A strong S&P 500...