We seem to see gold retrace off the 4H chart onto key support, on its way to 1500-1600 before another retracement but don't expect it too quick.
It might take some time before full effect.
Get ready baby.
Trading is very risky and we traders chart to have a perspective but isn't a 100% possibility to place your SL's.
Already late if you didn't buy before the release of ISM numbers but now is your time to get in.
everything is starting to hit reality so gold right now is only the beginning of what it can do.
see you at the top
With the S&P and dow falling a little more than 1 percent, it only gives to show the balloon thats quickly inflating, which helps my favorite commodity :)
Might get pullback if good news for EU and U.S iSM numbers
If bad news confirmed reversal and get ready because this is going to get crazy!
Make sure you follow with a financial adviser. This is for educational...
Hold has seemed to drop and hit that 1500 support level and managed to bounce.
Buying here and will see you at 1550+
The markets are going to burst soon and when that does. Im on a huge ride.
Trade at your own risk
Possible buy in Gold. It held through my trendline on the 1H, 30M, and 15M chart. If it can break these trendlines, This is for sure a buy and get ready for some fun. Just an update from the previous post. Goodluck!
Gold has been in a great range and even after the rate cut, Gold managed to sell off but still hold in the range posted in my chart.
There has been a recent news story on 3 JP Morgan employees manipulating the price of gold and silver. This will only show the true potential in gold in the coming days and this rate cut consolidates and gold gets that appreciation...
Going into the FOMC meeting, It seems to be that 1501 is a big holding support in which gold can retest at this support and get the momentum it needs going into tomorrow. This is a strong buy as the Feds are cornered to cut rates and give the markets the stimulus it needs to keep up this lousy market.
This is only going to send gold way higher in the short and...
The U.S dollar (Dxy) has been dropping for the past 2-3 days now off its 7-year bull run yet is starting to fall under support at 98.00.
This is a good position to enter as you have not missed out on any oppertunity because of this market volatility and uncertainty in the market.
I think we could see past 1500 but the question is, "what is President Trump going...