check chart, looking for a juicy bounce. check impulse buys/longs + volume confirmation on shorter timeframes to open longs. Break of support to downside could signal a heavy fall.
Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
XAUUSD is approaching our first support at 1283.93 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1300.42 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price....
XAUUSD is approaching our first resistance where we might see a corresponding drop in price to our first support level. Stochastic is also seeing a bearish divergence and approaching resistance.
Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to...
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
Buy XAUUSD:
Entry Price: 1282
Stop Loss: 1275
Take profit: 1298
XAUUSD is approaching our first support at 1283.93 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur to our first resistance at 1300.42 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high...
XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1299.42 (38.2% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we...
XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1299.42 (38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we...
XAUUSD
Gold stiil in uptrend pattern and complete second confirmation in Asia market, therefore, we should better long gold for sure.
1307 as relative resistance that give preesure to gold yesterday, if once 1307 can breakout then 1312 will be soon to see.
In another way, 1300 level will be a cirtical level to uptrend to...
XAUUSD is approaching our first resistance at 1307.84 (61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1297.82 (38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might...
XAUUSD is approaching our first support at 1283.81 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.6866 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the...
XAUUSD
Gold closed in a relative strong position around at 1312 last week, then is obviously gold didnt want to breakdown 1310 as second confirmation in Asia market today.
In US market overview, gold may continue to challeng 1320 high and the resistance around at 1321~1323, therefore, we should better long gold at 1314...
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