A very rare extremely bullish signal on the 1M chart of #Gold - a GOLDEN CROSS (50/100 MA) is approaching on Gold/EUR chart which will cross beginning or mid Sep 2019.
(Note: On the USD chart the cross will occur approximately 1/2 year later)
This is one of the biggest bullish signals and which can indicate an extended bull market for the next 10 years!...
Gold has broken out of its resistance trend line (yellow doted line) which will soon be tested as new support.
On H4 TF there is bearish momentum on StochRSI and wave trend oscillator which will bring the price down again to the yellow doted line.
Bullish momentum on 1D TF has built up (see StochRSI, and bullish crosses on wave trend oscillator and MACD) which...
Due to fundamental reasons (trade tariffs, sudden currency devaluation of the Yuan and stock market crash) impulse wave 5 of Gold has broken through the blue doted resistance trend-line and is near its ATH (Gold/EUR chart).
However, there are 3 other strong resistance lines:
- dashed violet resistance trend line (currently around €1360.-)
- horizontal ATH...
Looking for break out and attention to reversal candlestick formation!!
If the market breaks out at the resistance 1282.60, potential bullish trend continuation.
If the market breaks down, outside of the ascending triangle we will target the support level of 1241.56
FOREXCOM:XAUEUR
Gold/EUR has built a symmetrical triangle on the H4 TF, but this could also be a bullish pennant.
At the moment there is bearish momentum according to the StochRSI on H4 TF which could easily break the yellow trend line of the triangle.
Next support is at €1251 and I would set SL slightly below (2-3%).
If Gold can maintain this price level more bullish...
Gold has broken the €1245 resistance and has tested Fib 0.786 resistance at €1273.-
Sentiment is bullish but has still not reached resistance levels. Also ADX shows that there is still strong bullish power which could lead to short-term raise in Gold price to the 0.888 Fib level (€1322 - 1327).
The Dow is currently trying to break through it´s overhead...
Gold is in a strong uptrend since the bullish Gartley, WaveTrend oscillator, MFI, RSI and stochastics oscillator indicated a perfect long-entry at around €1000.- on Oct 2018.
Price actions shows that Gold is currently in an impulse wave 5 which will end soon and turn into a ABC correction which should find support in the between €1111 and 1070.- in 2020 (Fib...
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver.
I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
Out of flag
And after the Polbak , I think in the short time , The second goal will be seen .
And in the long run , It will grow as much as the base of the triangle .
This is my XAUEUR markup that I'll follow 'til 4.05.19. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
we have just found that XAUEUR Hitted Major Resistance of 1 Hour After a long Time, We are Hoping to approach our 2nd Target aka Max Wave 3 otherwise First Target which is Inter Tyw3 Respectively.
