It's always tough to make a correct call ahead of FOMC meeting. Sometimes the FED is setting the direction, sometimes the next day all the currencies and metals are reversing.
This was the case yesterday too. All the gains of Wednesday were dusted yesterday.
Now gold's daily chart looks like a flag to me : it's just waiting for to break down.
It's still not...
Good afternoon traders,
Here we have a possible short position on gold , before entering we reccomend you to wait for a strong closure below 1311.00 with an impulsive candle, you can also look for entrys in a smaller timeframe such as 2H or even 1H.
We also reccomend you to pay attention to the monthly key level as the trade can reverse!
We will be updating as...
Once again I'm bringing you XAUUSD, it has been correcting for some days already and we can be close to a possible breakout to the downside.
However, for us to make an entry for a short position we would like an impulsive candle breaking our corrective channel, if we don't get that and instead what we get is a massive retracement candle, we could...
Gold retrace hardly in Asia trading time after hit downward trendline at 1311.
Generally, 1300 is a specific price to gold for present strangeness or weakness, if gold can keep above 1300 that will be a signal for future rising.
Therefore, I recommend do long at 1300
for capture bounce at critical point.
Medium-term reversal. Bearish Divergence on resistance started in 2016.
The chart is simple, there is no need for complexities in this case.
The uptrend channel will be broken in the next few days / weeks and the price will start a correction up to $1263 or more.
There are bearish divergences in MACD, RSI and VOLUME. With...