Our last short trade on GOLD is still valid.
And looks like the 1st week after EASTER HOLIDAY is going to be a great week for our signals.
Tp1 of our signal on GOLD is getting close now.
This channel is valid to follow in the next few weeks.
Gold could reach 1200 soon on the 1st half year of 2019.
LESS IS MORE!
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 where we might be seeing a bounce to our first resistance at 1281.19. Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
I like the odds in buying Gold here. We started buying it yesterday, near the lows, today gives further confirmation as miners surged, and preciouis metals are posting new daily highs as well. Quarterly timeframe is in an uptrend as long as Gold holds over 1245 ish.
Best of luck,
Ivan Labrie.
In this market update, we take a look at GOLD as price formed a false breakout of the daily lows.
This shows that we could see a short-term reversal in price. With USD at resistance also we
could see a push higher here. If we do see a rise in the price we expect to see a 50% retracement
of the daily impulse move as targets.
Gold downtrend ready to resume as price is rejecting structure, & is creating a series of lower lows & highs. Price is now making its "3rd" Rejection at resistance which means a powerful move can occur to push price down lower to create a new lower low next. DXY (Dollar index) Breaks the yearly highs today, & the dollar is ready to create some new highs in the...
Gold prices will go up if quotes can rise above $ 1,300 per troy ounce.
Recommended long positions above 1300 and then at 1350 with targets at 1400 and 1550.
Gold normally melts at a temperature of 1,064 degrees Celsius... it must be that hot in the charts ;p because gold seems to be going too HELL at the moment with no real signs of it slowing down and no real support points can be seen, Technicals have just flown out the window with gold at the moment.
So we remain bearish bias at the moment and have been holding...
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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