We are waiting for a strong bull trend sending price of gold up to 1370 to be finished soon.
But before that, 1340-1358 is possible to achieve first.
LESS IS MORE!
For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace.
Initially we attempted shorting this before the market ran away without us. So in this...
Updated View On XAU/USD (Gold)
We had a nice break out of $1330 level and it points possible further upside.
But you need to aware there are still some chances for a pullback along the way as well.
If you do not want drawdown and you want to time the time well, you can try waiting for a long set up near $1325 region.
DYODD, all the best and read the...
Gold is approaching a sell signal on its 1D Channel Up (MACD = 10.130, Highs/Lows = 21.9428, B/BP = 42.7360) and the RSI is next to turning overbought (RSI = 74.891). When the Higher High of the Channel is made near the 1357 - 1366 Multi Year Rejection Zone (hard selling for the past 5 years) we will go short aiming at another -1.70% pull back (based on the...
Time is the reason for trend changes.
The 18th of February was a time pivot in the current Law of Vibration cycle, a powerful 6/8th time harmonic which acts as a source of resistance in time to the trend in force.
The 19th of February is a Full Moon and the Moon is Apogee - trends reverse violently if these two astronomical cycles occur near a swing low/high....
Those who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks.
Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to...
Hi Traders,
Gold spot price jumped by 1.63% as US Dollar index weakened by 0.87% since China amplified its official gold reserves.
The Gold price broke above the $1,325 resistance and goes toward the $1,350 level during the intraday trading.
Meanwhile, the United States and China trade talks showed progress, but the White House said a lot needs to be worked on to...
When checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern.
Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking...
XAUUSD
FED is coming, Gold may have chance to reach 1250~1252 today, it depend on whether FED can release positive signal to gold or not.
Until now gold still have space to 1352, since the uptrend of gold at 2/14.
Therefore, we can expect to long it around at 1340 for second rising opportunity after Asia trading time reach...
Never try to catch top and bottom, it is impossible.. But we could (try) only when we know how much risk we would like to take..
High risk 'Sell Gold now @ 1346 with Sl @ 25 Jan '18 High
or Sell Stop @ 1339.01@ low of wave (4) (purple), Sl @ wave (5) High (purple).. provided when price broke wave (4) purple. Only that we can confirm the hi how wave (5) purple
After one bullish week is gold looking for a correction which would be healthy and needed for next up movement above 1350 $. I expect down movement at least to 1325 and in best case down to 1315. From there you can expect strong support and end of correction.
On the one hand, financial market players are hoping for progress in trade talks between China and the...
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 flat 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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