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#XAUUSD ANALYSIS.. BEARS WILL TAKE CONTROL.. I think, bears will dominate the market for a while.. The weekly chart of gold does not produce good signals.. First, we see the ascending broadening wedge pattern, this means bull market will be over soon.. Also, there is a negative divergence in momentum.. I indicated the support and resistance points on the chart, I think the price will decrease to POC level; $ 1320.. After the big drop in oil prices, let's leave technical indicators aside and think; do oil exporting countries have gold reserves to sell? What will be the price of gold if they start selling gold to create resources? Disclaimer: I am not a financial advisor.. Please do your own due diligence.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
OANDA:XAUUSDShort
by OguzhanSengor
2
GOLD USDwe broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we reach our 1st target. im bullish on gold Bullish scenario targets if remains strong: 1/ $1566 2/ $1700 3/ $1900 if we get rejected Bearish scenario targets of support: 1/ $1244 2/ $1182 3/ $1044 ***this is not financial advice just a madmans imagination.***
TVC:GOLDLong
by senseisatyoshi
1
Hey Guys.. Are you seeing this ! This is ultimate Setup...If price goes over rectangle my god... Correction over This is rally setup weekly. 1900 to 1045 correction means finished. And starts big rally.. Yes this f.ck is so simple... 26 MAV CROSSED 50.. 50 going to cross 200 mav.., so what is missing? only missing that price starts to go upsideeeeeeeeeeeeeee rectangle... then big rallyy.. but how can we now that it won't go down ? Mannn that is the buying opportunity... Watch small time frames to see a buy setup... No one gives the offer....
FX_IDC:XAUUSDLong
by UnknownUnicorn467863
3