Wave 5 is usually the longest for commodity stocks. Should ensure at least a doubling. How fast? 100% in 6 months would be already in it, which is equivalent to 200% p.a. But I'll have a look at the balance sheet first. Greetings from Hanover Stefan Bode
Gold had a very good week with the yellow metal gaining around 700 pips from bottom to shy under 1900 top, with a major break above 1850 negating what a lot called an H&S ( it wasn't, as I wrote multiple times ). Friday session found Gold in a slight correction and more of a consolidation move and the price barely moved in a 100 pips range. I'm strongly bullish ...
XAUUSD Setup 2 Scenarios #HOKCapital
Price is approaching our first support at 1873.38, in line with our 38.2% Fibonacci extension and horizontal overlap support, where we remain bullish above this level. We could see a potential bounce at this level and further rise up towards our first resistance at 1896.17, in line with our 38.2% Fibonacci extension and horizontal swing high resistance. It is...
Buy @ black line price around 1865 Tareget around 2170 Stop out around 1798 Use risk management
XAU|USD very large flag for gold watch list
Waiting for a retest for longing opportunity. Good luck to you! Don't forget to like and share, it really helps. Follow for more. This is just an idea, not financial advice.
*This is a continuation from my previous idea pretty much. 4H has hit support at 38.2 daily fib and also resistance from previous 1833 level. As can be seen on the chart the 4H candle failed to close below the 1833 numerous times, because of this I believe the downtrend was just a retracement and the daily bullish trend will continue to 1870 then 1900. Will...
GOLD POSITIONAL VIEW...
currently gold has hit a strong resistance, touched the 50 MA and also touched the 0.236 Fib level. I would buy with TP at 1875 previous high.
Price has just bounced off our first support in line with our 38.2% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. We expect a possible further rise up to our first resistance at 3.57843, which is in line with our 61.8% and 78.6% Fibonacci extension levels. It is also worth noting that...
Provided Detailed 'Analysis' on this decision as well as view-point of my current long entry from previous support. Currently ~midway from 6000point gain. Questions, opinions, and feedback appreciated. Trade safely and wisely, this is not investment advice.
Red line looks to me like a pivot point, if we break above there is a good opportunity for a long trade. 2:1 risk/reward but could look to add to position and extend profit target depending on the upcoming price movements. Not trading advice, just sharing an idea. Thanks for reading and comments!