Everything is written on the chart.
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I am trading & traveling around the world. If you wish to follow my journey I journal all of it through instagram! My @ is the same as my tradingview.
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Technical trade..
I just bought Gold agianst the dollar. We had a bearish triangle breakout (Go check out my previous analyze ). I took the trade a the bottom of the trendline because that should give some support, you could wait for a pullback to 1325 and go for a short there. remember do not just copy a trade from someone else, try to understand why they...
Gold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing within wave (B). Near term, the decline from $1347.18 looks impulsive and ended wave A at $1280.49. The internal of wave A unfolded as a 5 waves impulse Elliott Wave structure. Down from...
Red zone has previously been used as strong support, but is now been used as resistance, tie this in with the lovely trendline that has formed and that price is currently sitting at we can only see bearish movement.
In the closing hours on Friday gold had a lovely bearish push, we expect this downside movement to continue into the start of next week and price has...
Technical trade.. Gold Pipz
The start of a new month .. We can see on the chart that we at a very important place . Gold opend bullish so it's possible it will rise to 1300 ish . Because the downtrend was so strong i do not expect it to recover very easily.
With the bearish divergence e'in play and the right price action i think there will be a bearish setup...
Technical trade.. Gold Pipz
The start of a new month means a new monthly candle. So you can see the monthly shows the we are extended to the upside. A bearish candle pattern is forming on the monthly timeframe .
With the bearish divergence it give's a very nice bearish setup for XAU/USD . Waiting for the price to drop to 1300 before i trade anything. because...
Gold and silver prices are trading solidly lower today after hitting there two weeks high on Wednesday where gold reached $1312 per ounce and the white metal climbed to $15.50. we already outlined in our previous report about the possibility of the yellow metal to reach up to $1310 and also informed you that the move won't surprise us now it seems that the...
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