With Gold finally continuing its bear run, we are faced with the question of where it will go to, possibly reach and why. In this video I breakdown my analysis from the Monthly timeframe down to the daily and provide my reasoning behind my bias and future projections. As always if you find any of my videos helpful please like comment and subscribe as I will be...
Gold - daily chart - Pending sell setup at 1315 daily supply with target 1275 and stops above 1325
Great opportunity to get some optimum positions for gold longs, with minimum draw-down and substantially high reward.
Gold - weekly chart - I see price respecting the weekly support above 1300 level and this setup correlates well with my dollar analysis so lets roll out all my bulls!!!
XAU/USD trades near upper boundary of dominant channel In full accordance with expectations, in first half of the previous trading session the buck continued to trade against the gold in a limbo between the 1,270.50 and 1,276.70 marks that were located just above the lower trend-line of a large dominant ascending channel. However, the subsequent admission of...
XAU/USD heads towards 1,293.00 again During the previous trading session the exchange rate indeed formed and made a breakout from junior symmetrical triangle pattern. Fortunately, a combined support formed by the 100-hour SMA and the updated weekly PP at 1,286.16 managed to turnaround the pair. In short run, the surge of the yellow metal once again is likely to...
Morning outlook - XAU/USD approaches 100-day SMA Previous trading week the exchange rate ended at the intersection of the 61.8% Fibonacci retracement level and the bottom boundary of two ascending channels and was ready to make a rebound. However, an unconfirmed victory of the Japan's PM Shinzo Abe and his party strengthened the Dollar and pushed the through...
Morning outlook - XAU/USD breaks 61.8% Fibonacci retracement level Due to release of another set of the US inflation and consumer spending data, which did not change the overall prospect about the upcoming interest rate hike, the buck managed to drag the bullion through the 61.8% Fibonacci retracement level at 1,278.96, thus confirming an existence of a new...
Pending Long @ 1250 Stop Loss @ 1205 Target @ 1393 RR Ratio @ 3.2 I am not interested to sell from here but i prefer the long side because it have bullish sequence on daily time frame. Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Today we saw a "drop" of $5. Of course that's all it takes for the bears to flood TV with their sub 1200 predictions (they'd probably just be happy to close their current underwater positions at BE). One of the main issues people are having, is that they think this rally is solely due to the tensions with North Korea. As we've all seen with political tensions...
XAUUSD SELL LIMIT 1285.095 SL 1300.137 TP 1251.023
Broke 1265.00? 1257.00 is the key! 1300 is the target which is the weekly resistance.
For several days, the Gold (XAUUSD) commodity has been on a continuous strong attack of bears despite the US Dollar weakness. The bear attacks has lead the commodity to break its daily ascending trend line within a single day. Now the question is whether the price will continue its downside or will the following days show that it is a false breakout? My Take...
READ THE GRAPHIC! Im expecting a downside move to 1237.00 and then GOLD is going look for new highs... Targets: 1237.00 short trade R/R 2.61 1278.00 long trade (long term) R/R 4.1 SL: 1267.00 LIKE AND FOLLOW Enjoy albx :)
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!