It seems that gold has retested the triangle and now ready for further up move. Till it is above the triangle line all long side trades can be taken. I am just sharing my trend view. Trade can be taken based on individua set up, signal or indicator.
Right now gold is set to break out a W pattern on the daily chart not sure when maybe tomorrow or next week but im be here waiting for this massive move to the upside
Hi every one
gold is in short down trend
27 March Impornt day for gold
53330 Rs is most important leval of gold
gold down side me channel line me correct ho raha hai
Corrective wave
every rise hoke down chalta hai
53300 Rs trend decider leval
Percent R indicator suggested a short (this indicator gives valid entry signals if prior low was below 18 moving average.
Now confirmed with an insideday break to the downside, I am holding this and the bitcoin short position with a trailing sotp above prior days high...
Gold is expensive by fundamental also m30 show clear double top with possible bearish engulfing on neckline
Gold daily still down trend so this is not against big trend entry
As mentioned in our previous post, Gold was mildly overextended and price recovered most the the prior movement.
Gold closed the week above the minor resistance at 1853 and looks to push towards 1873 region or even the 1890 region.
However, if price were to fall below the 1820 support region, Gold may potential dip towards the next support region at 1790.
COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) and Gold Options ( COMEX:GC1! )
Gold is often hailed as an effective hedge against inflation. It generally increases in value as the purchasing power of the US dollar declines over time. Does this still remain true? Since January 2013, the US Consumer Price Index increased 29.4% cumulatively, while the 10-year total...
gold price is expensive by fundamental
short this product have an edge in my opinion
price is now on 4H supply zone
it might seem like breakout on m30 but i think when retail buy big man sell
I love RR here so it ok for me to short here
On GC1 as you see on the chart we have the breakout with force the support line and also the breakout of the vwap indicator so it's mean that we will have a big probability to have a downtrend.Thanks!
