Gold/CAD XAUCAD

Just completed a 4h correction. Structurally on Daily we could have WXY. Nice Reward Risk trade setup oppotuninity

Bullish candle broke trendline . There could be a further retest of the trendline before price takes off. Long breakout with bullish candle.

XAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years. Remember in early July 2017, XAUCAD hits channel support and immediately bounced back up. The long term structure still holds. This is almost the same situation as 1 year ago, which was described in my linked trade...

Hello Traders, Long opportunity under observation XAUCAD, R:R is approx 1 to 1.5+. Your inputs on this analysis are highly appreciated, considering channeling and wxyxz wave concept. Thank you.

XAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years. Prior to this time, the channel support was hit 4 times, in Dec 2013, Dec 2014, Dec 2015, and Dec 2016. (Coincidence?) Now 2 weeks ago in early July 2017, XAUCAD hits channel support again, and immediately bounced back...

My gold index is evolving in a bear flag type of pattern which should resolve lower. although price currently hit the support line of its symetrical triangle which should provide a temporary bounce, I will be looking for short entries to target the 61.8% and 100% extension fibs.

War with NK? Way oversold into trend line resistance.

From the recent price action and oil rallies, I predict we should see gold ping-pong between support and resistance over the next few weeks.

Note is on the chart.

Looking to buy this market, here's why: - the up trend, - likely support at the potential demand level, - a perfect match of the strong GOLD and the weak CAD, currently the former oversold and the latter overbought.

Looks weird. Maybe there will be an emergency incident. Because you can see. Vega stone have been go down.

Long

Gold correction priced in CAD looks like to be over according to this geometry. Cheers, Keops

To understand the potential move in gold FX_IDC:XAUUSD post-FOMC we need to take a look at this chart of FX_IDC:XAUCAD .

Everybody throws up charts of FX_IDC:XAUUSD, so let's take a look at FX_IDC:XAUCAD. What do you see preFOMC? I see a solid uptrend.

XAUCAD, D chart, valid bullish BAT?

Potential Entry 1710.91 SL 1737.53 Tg1 1653.19 Tg2 1611.04 Notice the behavior of indicators i have used RSI is consolidating around overbought Macd 4c which measure momentum has a defined channel pattern which reassure the probability that price will fall. Trade wit care

To be played in 3 weeks.. Cheers, Keops