GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch. We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios. Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key...
GOLD will soon reach resistance confluence and start falling again GOLD will retest the broken resistance that became support Sell when resistance reached Like, comment and subscribe to grow as a trader! See fresh ideas below too!
Events in the last couple of days, namely the US lame-duck-type of elections outcome have triggered a series of market movements. Gold appears to be breaking its longer term pattern to form the cup handle, and is breaking out of yet another wedge. This break out appears technically legit as gold failed to make an expected lower low, but bounced strongly off a...
Main items we can see on the chart right now: a) The price is on a support level, and it's an important zone to pay attention to. From here, we will understand the directions we can expect b) The descending trendline of the corrective structure (white line) has been broken, and it's outside of it c) If the price bounce from this level, we can expect a...
Price forecast for gold. A potential short term upside to the 78% level and then sharp turn to downside, also possible is a sell off right away from 61.8% level Share thoughts in the comments. Like and follow for more content
GOLD is trading in what might be a bullish triangle OR a bullish flag Which means that eventually the pattern is likely to break upwards Yet the current buildup of the similar in nature resistance structures That are mounting on the lower levels than before Give us a decent chance GOLD will show one more lower hight Break downwards And retest the support at...
Silver technicals and structure has an intact bullish makeup The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster. The macro fundamentals are supremely bullish: Negative interest rates and the beginning of a global currency war/easing...
Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so...
Silver, technical view - Great R/R. Pattern: Longer term - Triangle formation Pattern: Short term - Bear Flag Resistance areas: 25.50, 26.24 Support areas: 26.24, 22.64, 21.65 (Short term set up - Short) You could wait for daily close and then take the short towards the support areas you feel appropriate. For greater return, you could wait for pull back...
As previously analyzed, Gold topped out and is due for a really good pull back. It is doing it just that now... as earlier expected. See related ideas for earlier analyses that indicated today’s showing.
Long time no update for Silver. Silver just broke down. Downside target of 17-19 range.
GOLD hasn't moved at all during the last trading days, as I suspect the market is waiting for the election results, which will be held in just a week. Now, I am bearish on gold as it is within the downward channel, and broke out of the smaller upward channel. So for those of you who want to be in gold, you might go short now, with the target of the green...
I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend. I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon. As this...
Keeping a close eye on $NES. A break above 8.4c should mean a fairly smooth run up to the first target @ 12c Entry above 8.5 or slightly higher after breakout confirmation Solid support @ 6.7c
GOLD is moving in two parallel channel one within another. For us to become bullish, we need to see green key level and the larger channel resistance to be broken to the upside. Then, we can go long from pullback safely. For us to become bearish, we need the small channel support to be broken downwards, and then we can go short on retest. Even better if the...
TVC:GOLD potential bearish setup forming here after a weak bounce recently and a break of 1888 may trigger more downside. Resistance at 1912 for now.