This chart is for test purposes.
Since 2015 when I was in latest quant maths trading seminars in Iran I was given materials for study about Numerical continuation ( Continuation Algo )
In Numerical Continuation phase you can analyze only so-called parametric family
We have two who can be counted in this family and they are Gold and Dollar.
Since 2015 I have...
I am Bear wjen it comes to Gold, but I found interesting situation here and it may repeat itself next week.
Sometimes I am doing Average number calculation, what it means is that you take and count together Highs, Lows and closes, and get Average H , L, C.
H would be 1348.99 + 1323.88 + 1356.44 + 1389.99 + 1345.77 / 5 = ?? ( Mon - Fri )
The same is going on...
Gold has finally broken below the neckline of an HnS which has been forming since the beginning of the year.
This is a clear sign of a bearish trend but we always avoid chasing after the trend whenever a breakout happens.
Instead, wait for the price to pull back and retest the breakout level (neckline) to see if there's any more demand left and if there's more...
Gold has ranged above the low of 1283 for the past 4 trading days.
And last night, there was an attempt to break below the range which it did so base on the smaller timeframe from H4 onwards.
The price made a strong pullback but it still failed to stand above the range or make a higher high.
Thus in this case and with the head n shoulder formation, the price,...
Good afternoon traders,
Here we have a possible short position on gold , before entering we reccomend you to wait for a strong closure below 1311.00 with an impulsive candle, you can also look for entrys in a smaller timeframe such as 2H or even 1H.
We also reccomend you to pay attention to the monthly key level as the trade can reverse!
We will be updating as...
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...