This is a monthly TF analysis of the yellow metal. The main chart shows numerous horizontal lines, these are concrete support and resistance levels taken from monthly charts. This year many people predicted the yellow metal to break out of its long term held range and it happened! After 1370 level was broken, the next hurdle was present at 1430 which held against...
Have a look at the link below for full trade analysis behind this trade set up
INSTANT ENTRY: AT AROUND 1287.00 LEVEL
TAKE PROFIT: 1310.00
STOP LOSS: 1264.00
The trendline was broken and now the price will likely aim at...
Finally the H&S PATTERN has been completed on the daily charts and price has HIT the ascending trendline support that had been in the region of 1270.00! Therefore now the question remains, WHERE WILL THE YELLOW METAL HEAD NEXT?
Be noted that the price has already HIT the ascending trendline where a lot of BUYERS AND SELLERS will fight to take control of the...
Price on daily charts has already broken the crucial neckline of the H&S pattern and to add to that the price has also retested the neckline!
Now we should see the momentum gathering up towards the ascending trendline beneath this pattern which lies in the region of 1262.00 level.
For those of you who would prefer to take this pair SHORT please be advised that...
as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold.
b) gold industry?
c) China, Russia, India?
d) dollar system haters?
e) fear of another Financial Crisis?
Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago?
Soon the correction will be over and gold will exit...
Markets are in the RISK ON mood which usually puts pressure on safe assets and currencies including the yellow metal. Here we see a HEAD AND SHOULDER pattern on the verge of completion!
The neckline will likely be broken soon enough as the risk ON markets dominates the appetite of the investors. Once the neckline gets broken we should see the selling pressure...
The above snapshot represents the daily chart of the yellow metal. it can be clearly seen that the head and shoulder formation might just be about to completed soon!
The main chart (4hr) shows the channel has been breached with EMA 50 adding further confluence to downward move which could target the potential neckline of...
Gold is pulling back from 1.310 once again but is still above 400SMA and supported by 200SMA.
The double top may present an opportunity for a breakout of the 200SMA towards 1.294. However, in view of forthcoming FOMC meeting due today, intraday positioning is highly risky therefore not reccomended.
On March 10, I posted a H4 chart presenting an H&S...
Have a look at the related links for indepth analysis for XAUUSD pair.
the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target...
During Friday’s trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1,298.00. On Monday morning, gold was located at the upper boundary of the medium pattern line at the 1,305.17 mark.
In regards to the near-term future, most likely, the yellow metal will break...
The above represents the analysis behind this trade setup. keep in mind our target set here is the weekly 50 EMA. Below are the entry details
TRADE TYPE: INSTANT SELL POSITION AT AROUND 1294.00 LEVEL
STOP LOSS: 1321.00
TAKE PROFIT: 1267.00
SHALL THERE BE ANY UPDATES I WOULD BE PROVIDING THEM IN THE THREAD. CHEERS
As seen, GOLD is trapped in a range bound trading and is currently en route to the crucial resistance level of 1370. However the real question lies whether the GOLD momentum can continue towards this crucial resistance amid a possible and likely RISK ON appetite in the financial markets?
Today FED chairman Powell speaks which could cause intense volatility in FX...
During the previous trading session, the yellow metal passed through the support level of the monthly pivot point at 1,308.46. On Tuesday morning, the gold took the support of the monthly PP to break the resistances of the 55-hour and the 100-hour simple moving averages to trade at the 1,312.80 mark.
In regards to the near-term future, most likely, the yellow...
During Friday’s trading session, the yellow metal passed through the support level of the 55-hour simple moving average to the 1,314.00 mark. On Monday morning, the gold was depreciating against the US Dollar to pass through the support of the 100-hour simple moving average to 1,310.75.
Most likely, the yellow metal will bounce off the monthly pivot point at...
Where is the good yellow cake deals?
Technology will be good for next 5 years here, so look at CCJ today for entry signals and pass along your ideas @Pokethebear (I'm not supposed to be here).
When will V (Vanadium) get it's own futures symbol, anyone? What's the metrics here, when was last futures metal added? Why do you like and not comment.
During Monday morning hours, the yellow metal broke through the resistance levels of the 55-hour simple moving average and the 23.60% Fibo to trade at 1,293.44.
Most likely, the gold will keep surging towards the upper boundary of the descending pattern line at 1,297.00. Besides, the 23.60% Fibo and the 55-hour SMA will try to support the yellow metal during the...
Oh the crucial 1370 level that is preventing the yellow metal from going any further up. already tested more than 8 times in the monthly this barrier remains a concrete resistance for the yellow metal rally. Now looking at this, GOLD is most likely set to accelerate towards that crucial resistance again, but will it break it this time and rally northwards? it...