Consolidation at resistance is possible maybe a shallow pullback. Further corroboration of strength of gold against other currencies
Nice inverse head and shoulders. Looking for breakout of last swing high
Another XAU pair forming inverse head and shoulders. 50% retracement of last swing up.
Here we see price has advanced in 3 pushes, exactly 50% of the previous move. It's also inline with the 2x1 gann fann which we could use as a trailing stop loss.
Strong CCI, Sto support, AB = CD?
Thanks for viewing, After last weeks unexpectedly deep 50 basis point cut by the RBNZ the NZD has lost ground against USD www.ft.com Against a back-drop of a very bullish gold/USD price this has resulted in gold breaking its 2011 all time high. I get the feeling that the a new monetary easing policy (QE4?) is around the corner from the Fed, so we are at the...
Long on bullish breakout of last 4hr candle high
1) previous nice move UP 2) nice resistance zone 3) Head and shoulder ... i am just waiting for right structure H4/D1 for short..
Here are the key points for this chart of XAUNZD: - Trend. I find the trend up. - Support. The falling price found support on the prior sloping resistance line at about 1800. There are minor support levels on the lower parallel at about 1790 and on the black trendline, just above the prior major high and the Fib-38.2% level (about 1760). I find the key major...
Overall Gold looks pretty bearish against Kiwi as well. T.L Resistance from December 8th remains intact.As long as Price remains under it.Look for selling opportunities.Currently we are very close to the 61.8% extension of the move that started from 8th of December. We could see some consolidation here and perhaps retrace higher before breaking lower further ,...