Providing update to my previous chart. Gold has now completed an inverse head and shoulders pattern and we're expecting the bullish momentum to continue.
BULLISH PATTERN FORMATION ON XAUUSD PAIR AMEX:JNUG AMEX:GDXJ AMEX:GDX AMEX:NUGT
Updating our previous post but so far it's shaking out just as we predicted. Bullish Leg 1 = completed Bearish Leg 2 = completed Bullish Leg 3 = completed Bearish Leg 4 = completed Big Bullish Move Expected Leg 5
Gold (GBP) daily- Up Channel, within Upchannel. Futher deatils about Up and Down channels: thepatternsite.com
ZOOMING IN ON PREVIOUS JUNIOR GOLD MINING TECHNICAL ANALYSIS
I think Gold is going to revisit the 1300 level in GDP, I am looking to enter longs between 1300-1320. Any unexpected event in the economy favouring Gold can put this off. I think if the market sells off hard into a deeper bear market, it could take Gold with it too, in that case the Gold could deep lower than 1300, which would be an amazing opportunity, however...
XAUUSD #Gold Bullish For Now, Reaching A Great Shorting Zone: Gold is reaching this zone where a huge monthly pattern is getting completed. It will be a monster opportunity to get involved when that HTF pattern completes.
XAUGBP has bullish higher more
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...
Watch XAUGBP on 1 Month when decide to buy GBPUSD Analyze related link for GBPUSD
This is an interesting chart. Gold priced in Pounds was rejected at the Hypotenuse resistance of a descending triangle, reflecting a bounce in the Pound. This is a bearish formation and indicates either a) incoming extreme Gold weakness, or b) a period of possible GBP strength. Since the fundamentals favor the Dollar, I am prepared to bet against its...
WE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos Will they kill paper gold once and for all and make the world's fiat burn? Phenix rises? Debt has risen since 2011 why has gold and silver gone...
We have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $ Buyers should come in here Hard to justify a sell Crazy divergence daily RSI US dollar craziness 10/30 spread craziness Stock market will not make new gains if gold continues to fall either They have to make up their minds now --> FED
USDCNH is crazy overbought, lots of things are happening in the world that are bullish for gold. Buyers should step in here to defend the rising support since 2016 trade with care