I will open Sell after pullback and fake broke near $1288
because:
- Price broke down triangle
- Daily candle close under it
After 100 like I will do all updates and will write S/L and T/P points it there will be an entry
My chart what was posted on my site earlier than here on trading view. If you want see charts immediately, then join to www.reitakfx.com
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This is update of my old gold triangle chart,added big range we are on right now + intern cyan area. On current position and if market want continue as previous ...
Hi Guys,
this is the price action that lead to a similar formation but inverted on USD/JPY.
They move like this because they are considered safe heavens vs US dollar.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a ...
Gold successfully broke the 100 pips range (1285.00-1295.00) just before the end of last week. My sell at the upper limit triggered and I'm now looking at the Fibonacci Retracement levels as possible targets, starting with 50%. The yellow metal is known to respect these levels.
On the weekly chart, gold is on a steady trajectory as it bounces off the
lower parallel line of the parallel uptrend.
Steady as she goes as another buying opportunity presents itself.
A bullish engulfing pattern confirms the bounce as we sail to $16.52 as an
initial target where some profit taking could take place.
Disclaimer:
This is not trade advise! No ...
The Chinese economy advanced 6.4% yoy in Q4 2018, after a 6.5% growth in Q3, matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US, weakening domestic demand and alarming off-balance-sheet borrowings by local governments. Considering full 2018, the economy grew 6.6%, the weakest pace ...
Gold continued to consolidate by yet again forming an inside bar, saw its first weekly decline of 2019 as it closed with cuts of nearly $6. A mix of global fundamental news helped gold sway $15 from highs to lows as riskier assets saw a surge in demand on the last day of the trading week. The momentum is tapering off for the bulls but the trend hasn’t changed as ...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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