I think the price will drop down to $1277 with a huge probability because $1277 is a key zone.
Near that key zone could be a great buy opportunity with low risk
That's why i recommend open sell after pullbacks till $1279
Interesting support at H4, the price of gold has managed to rise twice as soon as he touched this support we believe he will do it for the third time
Entry Price: 1282
Stop Loss: 1275
Take profit: 1298
The current weekly candle comes after a hammer candle that this candle usually comes after price declines and as a sign to change an optional trend.
Gold's upward trend further strengthens the buy signal
The question is whether this time the gold will reach the resistance, will it cross it or not?
Entry Price: 1303
Stop Loss: 1275
Take Profit: 1357
In spite of US-China trade war, emerging market instability and political tensions in the Europe and British , the price of gold is to decrease . According to technical analysis , the growth of price was lasted since the divergence had been appeared and it's believed that there is still room for devaluation . In addition, if the price manage to break the...
legit rebound to buy after head and shoulder target completed
Also dollar got a serie of bad soft data but the dollar up instead of down i think it will be not last long in short time
gold is also oversold and reach big support
the gols is now on possible double top and a reversal risk
we can see the head and should and also the chanel
A break down abotu the chanel match perfectly with the Head and shoulder pattern
so for now wait and see But for buyer it a perfect timing to by with a tigh Stop loss
XAUUSD, I do feel bullish overall for GOLD, however in the short term I feel it needs to retest highlighted trend-line & support. Feeling neutral about GOLD at the moment, I personally do not have enough confirmations yet to place a confident trade.
i short a second time as my first just started and was stopped by my trailing stop with 0 gain grrr
2 target as the chart and even to 1305
rsi bearish divergence + overbought much h4 and daily + faced monthly-weekly- daily resistance
Fundamentals drive Gold prices higher last week.
* Central Banks – lead by BoJ and ECB – warn of growing risks to the global economy
*FED is next in line. Wednesday FOMC Statement will be released.
*Friday NFP and Unemployment data will be released.
We will keep an eye on wage growth as that will have the biggest impact on the FED. In December’s employment...