GOLD is showing strong signs of holding above previous support around $1480, after washing out some buyers with the spike lower, as safe haven buyers step up the pressure. If the trade war continues to escalate, we expect the bulls to come out and play and send Gold running to new highs. A push above the $1519 zone on the daily timeframe would be just the trigger...
The charts I been looking at today have pointed out that there is a possible double bottom. That all hinges upon the completion of the neckline of course. So if anyone is in on this trade beware that it could go either way. Especially given the fact that this chart is pointing towards 2 bearish patterns. I am expecting a reversal but will swing...
Gold is looking to pullback waiting for a clear break of the 1490 support zone and a re-test for confirmation before we enter short. TP1 is around 1400$ will comfirm at entry.
Never Risk more than 2% per Trade
Always wait for Price Action Confirmation
*** THIS IS NOT A SIGNAL JUST AN IDEA ANY THOUGHTS OR COMMENTS ARE WELCOME ***
I am waiting for a correction. Then will buy from there.
Buy Target Area 1490-1550
Sell Target Area 1600-1650
(Around April 2020) Estimated but still watch the daily price actions Time to time to make sure if it goes opposite of our direction we can stop loss.
we have several technical
reason for long buy gold
from 1282.15 - 1280
STOP LOSE : 1274
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition....
Been trading spot gold intermittently for many years now - it has been a blessing and a curse at different times of my life
Right now I am watching the mayhem which results whenever we take a 5%+ slide, negative breakouts are some of my most profitable times for Gold, not because I short and capture the move perfectly, rather because I am an absolute Mystic Ninja...
If now level at 1250/1245 holds on, Gold can run to 1.300 again by the end of summer. Next support levels from here are 1220 and 1190. Gold movement is affected by the movement of the USD, inflation, seasonal buying, and risks associated with geopolitics.
Trading carries a high level of risk to...
Warning: This is an aggressive trade…
A very strong upward support trend line since July 2017. We found gold can possibly retrace back to 1294 (near the blue upward trend line) or Fib Ret 23.6% (1298).
If this happens, we may have an alert for a bullish MACD divergence. So we called it as PRE-bullish MACD divergence.
On the other hand,