Little perspective on gold. I believe this bubble is also about to pop. We’re at the return to normal phase after a bull trap. Happy new year once again!
The Gold Futures Monthly time frame has created an up channel. The market is holding just under the top of the channel. If the market repeats the current pattern, Golf Futures may fall towards the bottom of the channel providing a +2,300 tick selling opportunity which could equal over $23,000.00 when trading one E-mini Contract.
Entry 1467.9
Stop order 1465.8
Target (1%)= 1482.7
Target achieved
Currently no other suitable candlesticks. I will have to find alternative strategies to entry.
Use this a guide to develop your setup
Main Items we can see on the Daily Chart:
-Price has broken the Pennant Pattern
-We expect a continuation of the up movement towards the Bullish daily target
-Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone
-If that happens we will set our Orders Above the last motive wave...
Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB .
If you like what you see, please fell free to hit the Like bottom and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it...
After a quiet few weeks on gold, the yellow metal appears to be failing in this most recent breakout attempt that was observed on the daily time frame.
Weekly Time frame:
This is not at all surprising when you zoom out to the weekly chart, which clearly shows excessive exuberance to the upside, rallying quite substantially outside of the 3 ATR channel (the red...
Hi traders :) I'm Guario and this is a forecast about Gold Futures possible price action. As you can notice from the chart the metal is moving in a very tiny range along with a Stochastic divergence which gives us a bearish signal. This could be a very low risk and profitable operation although I suggest to place any entry order under the volumetric zone of...
It's working its way out of a flat top triangle and in the near term is about as likely to break upward sharply as it is to fall back into the congestion range.
There's really no strong trade to take yet for swings. Once it does break from the triangle it will probably want to swing back and tag the prior resistance line from above, that would be the ideal long...
You are looking at an amazing long term Gann Wheel gold chart, one of the best I made so far imo..
We could see gold price going to 1800$ or higher in 2020 (around Oct). Next candle is Jan 2020. enjoy!
Long term view:
Cheers,
Keops
