Gold now in bearish channell.
U can open low risk short position from 1262-1266 to 1252-1254
+1W and 1D Stoch
+4h Stoch MACD and etc.
+ Fundamentally all risk from last 3 weeks are almost disappeared.
-IDK, but some traders are sure that 1M picture is bullish. I don't think so.
Downside movement can be rejected only if market will be disappointed in...
4h Stoch and few other signals are bullish!
Major month trend is still bullish!
Today's news will push gold to 1300 and m.b. 1337 or 1323
+1h 4h MACD
-Overbought at 1d
-very strong resistance at 1295-1307
-all those smartguys in gold chat:)
Be carefull today. Gold can drop till 1275 or fly to 1337. GL HF
+ Nice doji
+ 1264 still in game
+ stoch is going south
+ MACD is targeting south
I think that gold should get 1243 for next upmove and if data or marketnews will be good it will go 1219-1199. But 'big guys' from Wall st. think that gold will be at 1300-1350 this year and 1400 next year, so be carefull.
Looks like Gold going down next week
+didn't crossed 1200 last week
+ Stoch in S direction
+ RSI in S direction
+1h MACD cross S
+1d MACD cross S
-1d Stoch oversold
-signals are not so strong as i expected
Pretty good to sell from 1194 SL 1200 TG 1174
Well, for all those, who wanna know further gold direction, i will share my super-duper analysis of M chart.
Stoch: slow - S
fast - S
RSI: N(damn u)
MACD: S but need more BEARPOWERRR
So, i prefer to trade more bearish this year, and fundamental analysis tells me, that i'm pretty correct for now. But that's market, not math. Don't panic and ceep...
Posible double top on D1 chart
Plan for bears:
short at 1217 with SL 1222 and TG 1200/1195/1180
Plan for bulls:
wait for a few days(1-2) and watch 1220 lvl or (if bearish plan is right) u can go long from 1190 to 1195 or forget about your honor and resurrect as young bear
i prefer 1st plan.
Gold returned to 1220 last weeks and may be starting next N movement.
+ 4h and 1d stoch and MACD indicators are going N
+ positive hopes for USA economy(?)
+ posible HS or double top with confirmation on 1209
-intraday timeframes are not so bearish
-Trump's coronation...oh wait...innaguration(my English is so bad)
-China in trouble
-i don't really trust this...