Due to the high amount of requests for Gold, here are my two cents: The odds Gold can grow up until $1550 strongly depend on the outcome of this 3D, looking at where this is struggling right now to hold up, the SMA50 (needs a good bounce from here, little sideways possible), nagging on the R2-Yearly Pivot and the Quarterly Pivot. A decline would be rather bearish...
After initially buying at 1448 I took profit 200 pips up now at the 38.2% fib resistance plus our price structure resistance. I now see a Descending Triangle in play - go to babypips.com website to learn about it.... I have a sell order at the previous lows in anticipation for a double bottom ... if i see support again at 1446 i will buy again and await the...
If Gold passes 1500 today we should see it back to the recent highs/daily wick above the trendline. If not then we can see more bearish pressure heading into next week.
Hello Traders, Gold looks like its following the bearing pattern but, we wont know until the next point & figure :P TRADE SAFE and we will know by the next DAY!!! I WILL UPDATE TOMORROW MAKE SURE TO LIKE AND FOLLOW Look down below for related ideas & videos on why this is a short!
We broke the barrier, retested - can we see more upside today? Check the news, check the calendar and make your decision.
Gold looking to move and break structure - either to the upside break and retest $1528 to see some upside or break back down to support at $1510 area. Neutral for now - let's wait!
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 last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't...
Buy now. TP every 20 pips up. SL 1.1040. Fundamentals for USD, if you don't want to risk it, don't trade before news
The Gold analysis is done using the best working " LongBuyLongSellIndicator" script . I am very much convinced that the Gold price touched the peak here 1440 (recent peak) and now trading in the sideways. The price may again go up to 1420 but this wont sustain in the same level. As per the LongBuyLongSellIndicator 6hour time frame the price fall is about to...
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.
under resistance overbought rsi bearish divergence a small breath is welcome for our wallet hehehe
The Plan: Long Gold, if close at or above 1272 SL below today´s lows The Why: Speculating on double bottom here and end of larger corrective move RSI Divergence Positive CoT 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) Reasons: - Uptrend - Near that level will be low risk - Also, price in the range. Most of the time when price break it - that move continue
Market has reached daily resistance level and now the trend is broken we can place shorts with stops above swing high
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...