We find touching @1256.86 and retesting this price agine
AND
in other side we also find same resistant @1274.39
BUT
depending on basic and news analizy
i think we will see broke and SHORT enter @1256.86 with main target @1248.09
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What's really more important about this chart is XAUUSD broke up the $1,200 level, an important historical level. It's still on bullish trend which might take it to $1,300 before it retraces to test $1,200.
On a weekly graphic we can see that last two weeks closed in negative, although, specially the second week, was quite tight.
Still, we had a "Hanging man" figure two weeks ago and a Dojo last week. I´d therefore expect the forecoming week to close in negative as well.
I´d wait until the price climbs to the higher limit of the wedge and then short.
Sell order:...
What we see after the gain on GOLD in the last days is a formation of a triangle. Other formations like this in other commodities too. Possibility of this triagle break's decide the next days on GOLD.
Xau/Usd (Gold)
Potential Scenarios for Gold in the short term (Days/Weeks) long term (Months)
Possible pullback around 1180.00 but then later we could see a rally then breakout
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge
As the structure warrants, markets always tells us what to do...!
the triple three within a triple three has been completed and it is time for an interim rally
The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
Today's Chart - XAU/USD
Overview :
Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal.
On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
