GOLD (XAUUSD), BROKEN through the red line and
now seating pretty at fib extension level of 1.618
i am now expecting it to deal the red line as our
support line now. once this point is reached we can
then follow for next update.
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Respected followers, as we can see that on last Friday Gold has rejected long term trend line, which indicate for bearish signal. Further more at the time of closing on friday, US Dollar was strong which indicate further high in value.
XAUUSD is approaching our first support at 1234.27 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1243.90 (horizontal swing high resistance).
RSI (89) is also seeing a bullish exit and we might see a corresponding bounce in price. ...
Gold XAUUSD is forming an ascending wedge on the daily chart.
XAU might reach 1244 -1261 at the end of the year.
Then back down first quarter of next year.
Assuming this trade war will continue,
with DXY DXY going up
XAU will continue to go down, target 1140 next year
XAUUSD is approaching our first resistance at 1234 (horizontal swing high resistance, 61.8% fiboancci extension, 76.4% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1222 (61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a ...
At the time of publishing this report gold is trading at around $1234 while white metal is trading at $14.45-Please note-Our three positions are active in gold and silver
yesterday we have witnessed moderate rally in gold and silver prices to reach almost there monthly highs as world stock market, Asian market and U.S Stock market had a major sell-off, hence safe ...
Update -we are moving our stop loss in gold@1246,at the same time we are opening one more short term position in gold which would be highly profitable if all the factors wil remain in place as they are right now which confirm our short bias as our outlook remains very bearish for gold and silver-however these short term price correction is part of the cycle(Please ...
XAUUSD (GOLD) is moving within this channel and i
am expecting a quick reversal before we continue on
the way up. i am expecting to hit the RED line. once
done we will reanalyze. this should break past red line
Gold and silver made a volatile upward move as the dollar dips after dovish comments from fed chairman powell,Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy.”The dollar index falls by around ...
In Today's analysis we would like to cover consequential fundamentals and technicals which can affect gold and silver prices in both short-term and long-term lets start the update with gold prices-At the time of writing this report gold prices are down and trading at around $1223 and silver prices are sharply lower trading at $14.22 which implies that our ...
Price broke down key level $1212, it's a signal that currency rate will continue down move.
Also, most of the major currency pairs moved down against US dollar.
I will open a Sell if there will be fake broke of Mirror level $1212.
If this post will get 100 like I will write where to open and close position (entry-exit)
QUICK NOTE-This post is a quick notification to let you know that today's quite share move lower in PMs helped us to pull out our short term position in gold and silver,In other words take profit hit for gold and silver in short term position,However our long term position are still active and we do beleive that our profit in long term position is likely to change ...
Richimoku & Kumo Waves on XAU USD
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Gold prices hit above $1246/50 levels, as discussed earlier and it could be setting up for a retracement lower, before the rally could resume. The metal trades at $1248/49 levels at this point in writing and might be looking to correct through $1232/35 levels in the short term. Please note that further upside remains possible from here as well and the next ...