JockeyG

JockeyG

Gold has been unpredictable based on the chart that i drew, so here is another formation of broadening wedge bottom on gold, break of the above trendline could make gold rally towards the monthly trend. again this is just technical prediction.

JockeyG

GOLD prices were closed at $1793.50 after reaching a high of $1804.40 and a low of $1783.10. Gold extended its loss for the fourth consecutive session on the back of strength in the U.S. dollar. The U.S. Dollar Index, which measures the greenback’s value against a basket of six major currencies, surged for a second consecutive session on Wednesday and reached the...

JockeyG

I did not expect the fakeout, lose a position as of now all biased is change towards Bullish, Im expecting the price to climb towards 1860 on the longer terms

JockeyG

Gold should be pretty much bearish today, Symmetrical formation is broken and i would enter a small portion of Sell now and wait for a candle rejection where it retest to re enter my sell entry again with a good risk to rewards this would be a good idea to trade

JockeyG

GOLD could be moving on either side of the pattern, just wait for the breakout and enter upon pullback, shorter terms seems to be 1800 but upon breaking the support level i expect a further bearish. Either way u could look at my analysis although its abit messy but its the way how i actually understand the chart.