Gold looks to be an interesting opportunity here.
1. Trend Break
2. Higher High
3. Higher Low
4. Trend Continuation
5. 3:1 - Low risk Opportunity
Always know your exit. If it booms then a little is all you need. If it busts then a little is all you want.
GOLD
at a critical daily level and building a small base structure. Will those newly formed trends withstand the strength of the higher timeframe older trends? If not, we might gold continue to dip.
September 27th. Sometimes even in your favorite markets there are times when a trade decision is very difficult and you will know when this happens because what you're looking at isn't clear for you to decipher to make a trade decision. Even if you have a good trading system that you've worked out over a period of time....there are times when it's hard to make a...
Gold posted a low of 1890.60 on 21st August before climbing sharply to the 31st August high of 1976.10.
We are now seeing Gold plummeting back towards to the August low which would complete a full Fibonacci retracement resulting in a solid Bear Trigger.
Expecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are...
Gold has long been considered a safe haven during times of economic uncertainty, but its reputation as an inflation hedge is questionable at best. While it is true that gold has historically shown some correlation to inflation, this relationship is far from foolproof. In reality, there are several reasons why gold's performance as an inflation hedge falls...
Following the low of 1939.6 on 29th June, Gold rallied strongly to 2029.3 on 20th July.
The price capitulated, reaching 1914.1 on 21st Aug, then rebounded to 1980.4 on 1st Sept.
Despite coming close on 20th Sept in the lead up to the FOMC meeting Gold did not overcome to the1st Sept high and instead has recommenced another retreat.
The Bearish Triangle...
TVC:GOLD ACTIVTRADES:GOLD NYSE:GOLD AMEX:GDX COMEX:GC1!
As per my previous post on Gold, the current price action is creating and symmetrical triangle on the daily chart and as we can see PA rejected off from the .786% retracement.
With daily rejecting off 1968 levels confirms there is more downside remaining and the break of below triangle trendline...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
gold stya abv 59050 or silver 72400 abv buy only with sl 58991 or 72000 sl may be come till 59160-200++ or 72700-900++++ yes looking gap fill in trading session
gold spot eyes on 1932 if sustina bv 19388--45 than after 65+++++ in mcx 59190 abv buy tgt looks 59440++++++++ yessss keep tight hurdel sl as per cme 1927
This is September 20th 7:59 am. I think this video goes hand in hand with a previous video on the ES. It doesn't matter if you trade or don't trade either one of those markets... it's about how you visualize the market and make distinctions that are up to you not your computer program. The patterns are pervasive and in every market and your understanding and...
If already have the position of Gold, hold it, don't sell it, nor short it. It would be a stressing period before Gold jump high again. Follow the trend. See weekly chart.
gold spot eyes on 1930$ if sustain abv thna nxt up side 1938--45+++++ where support 1917--15$ in mcx styabv 59205 thna buy on dips with tight sl tgt 59350+++++++++++ yes looking sharp up side if lvl broke
Symmetrical triangle formation on gold futures chart, break of below triangle trendline, profit target of 1921/1894 and if the PA breaks above trendline then TP1 - 2010.
Current trend is sideways, and we might get 1968.
Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities...
