Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
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...
All explanation in chart) Next scenarios in higher TF: Bear - wedge playing 1100> Bull - wedge breakout 1300<
XAUUSD (GOLD) Looking for Long. because Gold have a Support area with Fibo fan level of 0.5. and also Gold have Support and Resistance area. and gold have Divergence area, so it should be up.
XAU/USD Market retreated again from 1200-10 resistance zone which giving signals about ability for trading zone between 1150 - 1210 Market closing to Janet Yellen 2-days testimony while market supports 1180 Below 1180 market will face 1170 and 1150 as support levels, while resistance at 1200 and 1210 www.tradingsignalreviews.com
OVERVIEW : Gold prices ended the session solidly higher and scored another three-month high Wednesday. We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its...
Gold make a Selling Channel. and in my my View USD maybe strong because USD GDP was Growth. Best of Luck
PA pattern: Rising wedge - Upper channel border resistance - RSI(14) drawn nice H&S with divergence between 1127 - 1130 - MACD showing same divergence For me only sell for now
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
From a structural point of view, the gold correction has been perfect to go, 1090/1095 here is the future of gold rose to 1135 excellent point of buying!
# Overall bearish # Strong sell : Recommended short position only # Potential level to re-enter short *highlighted area*
Recent NFP data just pushed Gold to the upward. Recently just bounced off the weekly pivot. LONG if breakout to the upside targetting the potential 3rd test of Daily TL. SHORT if price close below 1134 with immediate target shown on the chart. Stay neutral for now as Gold is constructing it's highs & lows, enter when direction is clear. Have a profitable week traders!
A few confluence for long entry. Details on the chart.
I believe Gold is approaching 618 Fib Retracement which is an important support level with high potential of reversing around this level. First profit target is in the chart. Have a profitable week traders!
Staying out for Fed Interest Rate Decision today. Have a good week traders!
if price break,close & hold and close above 1110 with potential target around 1118 area. Potential short-term reversal at 1112.27. This is just an outlook. Have a profitable week traders!