This pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400
You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me
Price closed below...
theres a chance for SELL position in xauusd . gold is currently reacing a weekly resistance level. wait for the confirmation of breakout of resistance or for the reversal from resistance. If it reverse back then its going to be the best Sell Position . Just my views. Invest carefully manage your risk.
Gold hat die Korrektur von dem gestrigen starken Drop (grüne Welle C) nun begonnen. Man kann sich einen Wiedereinstieg Sell im Bereich der Korrektur (Rosa Verkaufsbereich) suchen. Hält diese Zone, dann kann man mit Sell einsteigen und bis zum türkisfarbenen Kaufbereich halten.
Longterm sehe ich Gold bis auf die 1240 fallen.
Long Gold, if close at or above 1272
SL below today´s lows
Speculating on double bottom here and end of larger corrective move
Gold corrected for 3 month (feb - apr) in terms of time but only gave back gains of 1 month (jan), indicates corrective move and bullish bias
Gap in GDX got closed
Monthly looks like a...
Trade Update: Short setup on GOLD triggered in after rejecting the $1310 level which aligns with the .618 retracement. For Now I have locked in a profit as I continue to trail the position into the $1290 target region.
What a waterfall on GOLD , after pulling back another 80 pips yesterday. Gold is now sitting at the $1288 level which aligns with the 261.8% fib extension. I am expecting consolidation before continuing lower into the $1280 region...which I believe will finally act as support for Gold . If that is the case I will look for long opportunities to retrace higher...
I think that Gold can move up
I will open buy if the price will break up key level $1315 and will Fix above it (1hour candle is min)
- Near that level will be low risk
- Also, price in the range. Most of the time when price break it - that move continue
At the moment of writing this alert our full 200% net short position in gold, silver and mining stocks are well justified by the risk and reward measurement.
Yesterday USD Index declined to new weekly lows in intraday terms and we saw a small rally in gold, silver and mining stocks, The HUI Index also invalidates the previous breakdown as it moved back to its...
Breakdown from defending triangle and once $1200 breaks, $gold looks to dive quickly to $1000. Perhaps a minor rebound this summer to $1270-80 range before falling further. Should $1000 support give way in a decisive manner, then look out below. Could then head to $750 before consolidating in a long-term price range of $400-500. $Gold just has a really bad feel to...
For long term traders, here is my outlook on silver from now thru 2020. The price has been in consolidation around $16 since 2015. A huge upside breakout is in the making, so keep adding on dips. For more trading ideas, pls visit my website.