Daily chart of gold, showing a trendline of resistance broken and price might move to the upside now, giving an upwards bias for Gold. Moreover, price bounced from Moving Average, higher likelyhood of Gold reversing to the upside for a big move as it is a Daily chart. Entry was to be made Friday Nov 2, 2018 on a 30 min chart, at 1231 with a SL at 1230. Trade is...
XAUUSD is approaching our first resistance at 1197 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of...
Price is being rejected at a key resistance level - the sliding parallel of a downsloping median line. Going short with sl and tp as shown in the chart s a nice idea
The lower parallel of the rising channel, the 50% fib retracement of previous uptrend and previous structure create a key support level where any buy setup comletion has great potential. In case we do have a buy setup I will update this post letting you all know..!
Monday alert-At the time of writing this article/alert our full net short positions is well justified by the risk and reward perspective we have already seen gold stocks outperforming on Friday,we already informed you that from our perspective this is the strong bullish confirmation we are keeping our eyes on for in to close our short position which we entered...
just waves
On the break could be a nice selling opportunity but at this pooints worldwide politics conjecture gives support for bulls
Technical Anlaysis Great opportunity to get some optimum positions for gold 0.08% longs, with minimum draw-down and substantially high reward. Looks like a compression range is beginning to emerge in the daily, lots of volatility with the uncertainty with Iran. Looking to minimise my risk and enter around the 1306 level, with stops safely placed at the key 1300...
Downtrend Reversal back to Fib Ret 38.2% that meets cloud intersection. Target 1325 to 1326
[ ]At the time of writing this article/idea our full short position is now justified in both of the precious metals gold and silver from the risk and reward measurement Not too long ago on friday we closed our net short position in both metals in our group,since then we have seen huge rally in gold and silver as expected before,we already mentioned our short...
At the time of writing this article/idea we don't think any position in gold or silver will be justified from the reward and risk measure our profit taking on friday turned out to be a good decission as the usd index declined significantally and gold/silver are making upward movement,but the question is how much gold will rally before the decilne continues...
As many financial events are taking place on the fundamental side such as trump's speech tonight, breaking price highs and lows from a -5 years has occured many major market oves plus allocation of funds normally placed in these markets were transferred to the cyrptocurrency market which will be be moved to the bonds, and safer investments. Dxy is on a strong...
COMEX Gold futures ended last week on a high note, touching a new all time high for the year at US$1,340.00 before closing at US$1,334.90. The buying climax was obvious and bulls were determined to press forward the resistance at US1,340.00 but were unable to keep it above that level due to tepid last hour volume. For more www.everythinglester.com
Pending Long @ 1250 Stop Loss @ 1205 Target @ 1393 RR Ratio @ 3.2 I am not interested to sell from here but i prefer the long side because it have bullish sequence on daily time frame. Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Half rectangle projection reached supported by FED. Below this level and confirmed there is a possibility of correction towards 1200 area (taking into account a new interest rise at the end of the year).
main idea here is to complete third attemp to break ascending wedge fail to di it and reverse from 1263-1266 to 12109-12016