Follow up to this chart!
https://www.tradingview.com/chart/XAUUSD/u4bg5Sxq-GOLD/
I like what happened!
Like I said I read chart breakouts like signs for future! A Breakout above/below a certain level doesn't mean it has to reach it right away!
To be honest, I counted on the fact that It will do some nasty things with 1276 and nothing will be as good as I would ...
Well although we touched 1277-1276 and bounced up, this is not a very promising bounce.
Good things are:
EU is heading higher today, means that even though Gold is lagging to follow, means it will follow up in few.
We broke Tendency level 1287 upwards, so even after a pullback the tendency should be up ( although at 1288 stronger level was located so it may ...
Gold took a big hit today. I just want to wait for the daily close before updating on the daily chart.
I didn't like how we broke out of the flag last week. It was not the typical breakout when price is running higher 20$ the next day. It was just a weak breakout: a back test of the flag, a few more hours of a range and we needed to wait for a bounce until ...
After the week of the bull I can see only a weak bull. It seems we topped in our 3rd daily cycle on day 6. I would've liked to see yesterday's close below Friday's low (1293,5) for a bearish engulfing close but all we got a daily swing high. Price bounced as I posted in the hourly chart update but in the night we gave back all of the gains : Asia was ...
Hi traders!
(This trade was already shared with students)
I needed confirmation of the down move before going into this trade. Now that gold clearly broke support and close under it is what we needed. USDJPY also showed us the way! We will have a classic retracement of the up move with gold going for those FIB extension
Here is what I'm thinking :
XAUUSD ...
The price of gold continued falling on Tuesday, and the move was fairly certain. Nevertheless, the fall of the price was stopped by large volume, after which a new volume level of 1283.70 - 1286.30 was formed. Now the price is testing this level.Given that the price did not show any sharp reaction to this level and is trading inside it at the moment, we should ...
Multi-day view: Gold price action contained in a multi-month bullish channel followed by a steady rally from early July to reach my projected medium term target of 1357. A sell off from here had so far found support near 61.8% retracement area but the price action failed to break the prior resistance, momentum indicators are suggesting for a more downside to ...
Sell is almost completed! Those selling the 1299-test-back should trail the stops or have BE.
Because if Gold is Bull then at 1276 it will stop and continue back up.
1276 is a Gate level! So if 1276 broken by 1$ and Gold goes up, that means that 1254 becomes a target that doesn't have to be reached right away but can be reached month + later.
If there is pip in a ...
Morning outlook - XAU/USD tests ascending channel
Due to release of better than expected data on import prices and industrial production the buck appreciated quite sharply against the gold and has practically reached the bottom boundary of a medium ascending channel. From daily perspective it seems that bears are going to try to drag the pair to the 61.8% ...
Beautiful Swing L at 1299.
1299 is more than just a simple level.
It is a tendency level + dynamic level that means 1299 should be reached + if broken downwards it gives a bearish sentiment, but if you go long from it and it breaks, there is a 99% chance of a test-back, meaning that you can close the long entry with 0$ loss.
If 1299 broken downwards by 2$ there is ...
Although I posted an update about these levels, I will chart it for my personal Journal!
As far as it cannot break 1293.9 by 1$
+
1296
Gate to 81-77 is open.
I am not trading the short side!
I remain bullish for 1322 - 1348 - 1378
I will buy elsewhere above or if Gold provides 81-77.
Intraday remains bullish but somewhat exhausted! So the break of 93 and 96 is ...
Last Month First Move was up, SELL
This Month First Move is down, BUY
I will monitor 1264-1260 for buys!
My targets will be
1282 - 1311 - 1322 - 1348
Of course, will monitor intraday for confirmations and daily swings!
If 1260 area is not broken, don't miss the trade!
Since 2-100k challenge is fully Live, all my actions and trades can be seen instantly.
The ...
Fibo series continue. (10th of July dip was a false signal)
Take 10th of May low point and 8th of September high point for Fibo retracements.
Fibo 61.8 tested, next target is Fibo 78.6 at 1246 level.
Hey guys,
Simple idea, just trade the last flag and get some pips going down!
-
Hola chicos,
Idea simple, operad la última bandera hacia abajo para agarrar algunos pips!
Carlos
Today's Chart - XAU/USD
Overview :
Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal.
On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom ...
