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 TP1 :1294.50 TP2 :1302.00 TP3 :1310.00 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...
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...
Gold has broken through a key area of Support (1300) and has already retested this same area. There's a Head & Shoulders pattern forming as an added confluence that it may retrace back before making another movement down. -First targets could be at the neckline (1290), If it manages to be break the neckline we could see price head to Previous Daily lows (1280)
XAU/USD harmonic bearish bat pattern. Targets are shown
This might be logical wave Elliott wave count which suggests the gold price may achieve final long term correction to hit the red trend line at around $1000/ounce may be before or after 2020.
Keep an eye on gold. Could be a great buying opportunity ahead.
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. Risk warning! --------------------------------------------------- Trading carries a high level of risk...
Warning: This is an aggressive trade… Left chart: 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, Ichimoku...
Simple chart , no whizz bangs or confusing crap. Just a short to 1275 , stop at 1308. I am short from 1302 , Its a the top of a channel Make sure you DYOR and don't trade if you cant afford it.
Downtrend Reversal back to Fib Ret 38.2% that meets cloud intersection. Target 1325 to 1326
Gold has rallied in the previous days, backed by the high risk geopolitical events surrounding Syria, and the comments clash between USA and Russia and their allies. The longer term resistance was reached on 10th of April at the level of $1365. If demand stays high for the Gold, and when we see even more investors demand we can see the Gold rising to $1400 and...
We have been following GOLD for several days now. Price really struggled on Friday to go anywhere below 1226. Opening today we saw a gap to the down side and Gold immediately closed it and pushed further up. As of now we will see the 1230 to 1226 get tested again. To be sure of our buy we have placed our entry at 1236 as our entry with a stop loss at 1220. From...
Gold has really been falling of a cliff this past week or so, with very little in the way of a pullback (for short entry) since the break of the bullish trend line around the $1230's area. I know I have posted a few potential set ups where Gold could have pulled back for entry, but unfortunately they did not play out - which is not a problem, as we would not have...
Firstly - please excuse the quite busy/crowded chart here - usually my charts are a lot cleaner. Anyway, as you can see from my last idea on Gold, we are quite possibly nearing the end of it's recent bullish run. Momentum seems to be slowing down, we have reacted quite nicely from the 61% Fibonacci retracement and broken a reasonably long term...
Bearish Engulfing candles on this weekly chart could signal the end to the ST Bull rally. In my opinion we could go to levels below 1200 to previous levels of support 1180
Update on XAUSD Monthly
Gold currently seems forming double bottom that will be confirmed tomorrow Friday October 31st, 2014 or next week on Monday November 3rd, 2014. The decline to the black lines will form a high probable trade setup as this area looks good buying zone off which the rally to the first target line seems very plausible. However, the price action with respect to the...