Gold has been declining since mid February and the 1,346.79 High. If this pull back has been purely technical then the important test on the 1W chart has arrived as the price is on the Higher Low region.
What is more interesting is that last time Gold tested a weekly Higher Low on a similar pattern was in December 2017 and the rebound was so strong that gave way...
After a bearish breakout of a major support level
bears are exhausted and the market starts a correction cycle.
Head and shoulders pattern is a clear indication of bears unwillingness to go lower,
so we can catch a pullback.
Buy the breakout of a neckline.
Targets based strictly on structure.
Find more analysis on gold in...
RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the...
Pattern: 1D Triangle.
Signal: Bullish as the price has rebounded on a Higher Low. Also the 1D Support Zone is just below.
Target: 1310 (Lower High). If the Triangle breaks higher then 1321 and 1345 can be used as extensions.
Breakout is not confirmed/let the daily candle close below structure
After a confirmation you can:
sell aggressively without a retest
wait and sell the retest of broken support
Next levels of support are 1260 and 1240
Silver is at the end of corrective wave by hitting a support level @ 14.80. Expectations in the next 2-2.5 months is to reach price levels over 16.50-16.80 area. Targeting another test of the uptrend channel . By Elliot waves method in the next 2 weeks we can see the establishment of the new trend. Risk reward ratio is also high and stop are just under the support zone .
That's it, the palladium bubble popped. Please spare me the psychological phases "you have no idea what you are talking about" "it's just a correction" "we need to cool off" "it's going to recover" etc. We go through this every single time and it is getting boring. The second any one says "I am 100% sure" about anything, they have already...
I was so surprised that so many people struggling with gold analysis.
Indeed, watching the gold chart on the daily, it is difficult to make the exact projection.
however, if you ask me where the gold will go next,
my simple answer will be - I DONT KNOW!
however, for next week I give you a set of conditions...
Gold is again testing the 1,276.50 - 1,281 1D Support Zone, the fourth attempt since January 21st. 1W is now neutral (RSI = 51.224, ADX = 43.282, MACD = 9.820) prompting to a rebound. We can't yet know the exact long term trend on Gold as although the 1,360 - 1,370 1W Resistance hasn't been crossed yet, the bullish trend is intact and for now well supported. We...
Price bounced off that descending trend line 3 times and broke below the 1296.30 psychological level. Price is now heading down to the demand area. Let's see if it would either break or bounce away from the demand area.
watching gold on a daily we see that the market is approaching a significant level of resistance.
on lower timeframes, we see that the market is trading inside a rising wedge pattern,
and we see a steady volume contraction as the market becoming closer and closer to resistance.
your plan for gold is to wait for...
Platinum is approaching important crossroads on 1M. Trading on a long term 1M Channel Down (RSI = 50.828, MACD = -31.030, Highs/Lows = 27.2071), the very bullish 1W leg is closing in on the Lower High of the 1M Channel Down on overbought 1D action (RSI = 73.845). Technically we should be expecting a rejection towards the 1M Support Zone. But since this Support...
Metal Profits (Keeping It Easy)
This is just straight up chart.
I saw Metal (MTLBTC) earlier and the signals were a bit mixed, but I still decided to buy some of it.
It is starting to move and it looks like it might do a strong impulse up. EMA100 is the main target if it follow the same path other altcoins are following.
The RSI is super bullish and the MACD...