Now, one thing is a concern for me here: price breaks trendline and it also breaks the resistance line. We only had a similar incident in Mar 2014 and that resulted in a continuation of a downtrend. An uptrend (as well as a downtrend) only exists when it can be clearly marked with a trendline. As of now, it is simply impossible to draw any reasonable trendline...
Let's take a look at the monthly chart of gold. 1. We can clearly see a major downtrend line starting in Sep 2011, when gold was trading at its pick of roughly 1920 U.S. dollars per troy ounce. 2. In Oct 2012 an acceleration started. It lasted till Jun 2013. 3. Ever since that time gold has been going down at a slower pace shitting the trendline. It is not...
XAUUSD (GOLD) Looking for Long. because Gold have a Support area with Fibo fan level of 0.5. and also Gold have Support and Resistance area. and gold have Divergence area, so it should be up.
On the monthly XAU/USD has entered a ranging mode, this puts 1400 in view as a potential top of range. On the weekly chart, we have entered a fresh uptrend. On the daily chart, we are in a strong uptrend. A sharp return to the 1190 level would generate opportunity for great long. A slower return to the 1190 level would be less favourable and I would expect to see...
Buying XAUUSD. Higher lows have been showing and higher highs are beginning to appear. Sitting and waiting for it to break first fib level and take it up to 0.382. 1st target is 1,118 2nd target - 1,135 3rd - 1,169 After any target is hit stop loss will be put to that price of the target it broke
Gold testing again 200 week EMA (exponential moving average). May be a short.
XAU/USD Market retreated again from 1200-10 resistance zone which giving signals about ability for trading zone between 1150 - 1210 Market closing to Janet Yellen 2-days testimony while market supports 1180 Below 1180 market will face 1170 and 1150 as support levels, while resistance at 1200 and 1210 www.tradingsignalreviews.com
Gold have completed a wave 3.. it is to to make a corrective wave 4 before making the last impulsive wave 5.
OVERVIEW : Gold prices ended the session solidly higher and scored another three-month high Wednesday. We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its...
GOLD XAUUSD DAILY CHART ANALYSIS - TECHNICAL SIGNAL www.cambodiaforex.com
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Read text written in the chart.
Did you follow my start-to-Bullish call on XAU/USD (Gold Spot), last week? I hope you make $$ from it (read it in link below for my last week analysis) Looking Forward, I reckon the Bullishness to continue. Tweezer bottom ($1050 level) is acting as support for advancement. Nonetheless, we have yet to see Higher Low (HL) in the wave analysis.. So, this pairs is...
1. Looking For A Sell in Gold. 2. Near Structure @ 1089. 3. Targets @ 1050, then breakout of channel for 1000, for potential buy. 4. RSI Rejecting Rally in Daily Chart till now. 5. Dollar Might Take More Strength. 6. Keeping Stops Above 1105. 7. Also have eye on GDP Data.
Gold on a way to $1000 and below?! Looking at weekly chart I can’t help but to see GOLD going down possibly to $1000 or even less. Lower highs and lower lows are supporting this idea creating form of descending triangle with possible downside even lower than $1000 – if that level fails to hold (which is btw very strong psychological and technical level) $715 would...
I believe one should keep one eye on EURUSD while trading Gold right now. As long as intra-day strength continues on EUR , the price action on Gold should stay supportive Long 1137 Stop 1130 TP: ~ 1147-1155