Simple MA approach here. Since the early 2019, Gold reproduces the same pattern: Channel Down on the 1D chart, which break to the upside 1 month after the 1D MA100 (green line) breaks above the 1D MA50 (blue line). In the meantime the RSI is consolidating within 35.000 - 60.000. So what does this mean for now? Well Gold is currently testing the 1D MA50 but the...
Gold has started a new Bull Cycle (since the late 2015 bottom) that was confirmed after it broke above the $1380 5-year Resistance in mid 2019. The U.S.-China trade war peaking at that time and recently the massive money stimulus from the Federal Reserve creating inflation , Gold has already reached new All Time Highs. The recent 2 month pull-back shouldn't worry...
Gold has closed last week in strong fashion as it registered the highest close since September 21, a few points shy of the MA50 on the 1D chart (blue trend-line on the left chart). This may be to many (and to be honest technically it is) a strong Resistance level, but in the last 12 months that level along with another formation, create a very bullish structure...
Gold ( XAUUSD ) has been under heavy selling pressure lately as not only does it follow the stock markets lower but is also hit by its negative correlation with the recent rise on DXY . As it happened in March, it appears that the market puts (the highly speculative Gold contracts) and stocks in the same risky basket and instead rush to DXY as safe haven. ** The...
Pattern: Channel Down on 4H. Signal: Sell as the price is approaching the 0.786 Fibonacci retracement level while the RSI is forming a top pattern (sideways) near its 1.5 month Resistance. Target: 1860 (roughly above the Support). Most recent XAUUSD signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant...
With over 7,500pips in our direction since my last publication (see link below for reference purposes), Gold’s standing as a safe-haven became more questionable on Friday as price dipped despite President Donald Trump testing positive for the coronavirus. This development further hypes a risk for a decline in the following week(s). The expectation of a harmonic...
Pattern: Head and Shoulders on 1H. Signal: Buy as the price is consolidating on the Right Shoulder. Target: 1,960 (bottom of the neckline/ symmetrical Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more...
Gold has completed a series of successive touches on the 1D MA50 (blue line) without breaking it. Ever 1D MA50 contact since March 31 has initiated aggressive rallies (+11.50% and +24.30% respectively) within the Channel Up. Additionally, the MACD about to make a bullish cross for the first time since June. Coincidentally that was when (roughly) the price last...
Pattern: Head and Shoulders on 4H. Signal: Sideways as long as the price trades within the 4H MA50 and MA200. Target: The MA50 (for sell) and the MA200 (for buy). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more...
Pattern: (A) Channel Down (blue), (B) Channel Up (orange). Signal: (A) Sell as long as it doesn't close a 4H candle above the 4H MA50, (B) Bullish if 1,992 breaks. Target: (A) 1885 (Lower Low of the Channel Down), (B) 2060 (Higher High of the Channel Up). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Pattern: (A) Triangle (B) Emerging Channel Up. Signal: (A) Sell as long as the price stays within the Triangle, (B) Buy if the Triangle breaks to the upside. Target: (A) 1930 (0.618 Fibonacci retracement level), (B) 2050 (Channel Up Higher High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
Pattern: Head and Shoulders on 4H. Signal: (A) Bullish above the Symmetrical Resistance (B) Bearish below the Symmetrical Support. Target: (A) 2016 (the 4H Resistance) (B) 1861.65 (the 4H Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help...
Pattern: Channel Up on 4H. Signal: Buy only if 1992 breaks as at the moment the 4H MA50 is applying sell pressure. Target: $2040 (+6.00% extension and Lower High limit). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting...
buy now leave T/P limit as mentioned check again in 8 hours time let's see if this one works good luck !
Following yesterday's strong sell-off, it would be useful to see how far Gold can correct to in order to be prepared for the next big buy entry. This is a highly speculative projection though based on the previous time (early March) that Gold posted such a strong decline. As you see it was when the MACD on the 1D chart turned bearish. Gold broke the 1D MA50 on...
Pattern: Channel Up on 4H. Signal: (A) Buy within the 0.382 Fibonacci and -3.80% from the top, (B) Sell if the 4H MA50 breaks (it will be the first time since July 17). Target: (A) 2120 (Higher High on the Channel below the -0.50 Fib), (B) 1900 (projected contact with the 4H MA200). ** Please support this idea with your likes and comments, it is the best way...