BREAK MEANS CANDLE CLOSE ABOVE/BELOW THE LINE PLAN A: BREAKS THE MM 7/8 1359.4, TDI / STOCH CONFIRMED ; BUY THE RETEST, SL BELOW LAST CANDLE PLAN B: BREAKS THE MM 6/8 1343.8, TDI / STOCH CONFIRMED, SELL THE RETEST, SL ABOVE LAST CANDLE
We are seeing really good trend trading in both highly volatile and lucrative commodities - Gold and Crude. We are actively trading both commodities from long as well as short side by leaning against good support / resistance levels. There are many investors out there just happy owning gold and hoping for something good to happen to their investment. Of course...
XAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE. THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL STAYS FIRMLY BELOW 1280-1290. I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I...
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...
Short Analysis: As gold is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold to drop to 50% fib levels (1070.64) later on the week Long Term Analysis: Gold seems to be in a bullish run. However i expect it to come down slightly before make new highs. Short @ 1079.47 region Stop...
Should silver price in retail demand or economic sentiment? Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher...