GOLD: Week13 updateHi Guys,
this is what I see on the 4H chart.
Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then.
To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the support is building in week13. Gold unfolding this move below the 442SMA though.
ST structure in week13 looks good for a pull back but Gold is still inside the violet descending channel (the handle or flag) and it is not bouncing.
That is what is puzzling me most. The fact that nor Gold nor Silver are pulling back which make me think that a failure and a breach of the support may extend the correction of the Bull Run started mid-Aug'18.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Comex
GOLD: Cup & Handle?Hi Guys,
I was doing a work on the 1H chart but I wanted to post this first.
I hope the idea is clear...not sure about how that handle may unfold though.
On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls.
If I am correct, a break below 1300 may prompt a further extension of the correction of the bull run started mid Aug'18 (please refer to the related idea linked below).
Let's see the hourly chart...
This is just a snapshot:
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: Week13 endingHi Guys,
tops are descending into 1285.
sentiment diverge but bears keep pushing.
Gold has been going up & down on support at 1285.
On Thursday Gold seemed to pull back (V-shape formation) but nothing happened.
I am seeing a lot of cups which may be the first signal that I am losing my mind.
C'mon, get a grip Marshall, let it go, Gold is not pulling back!
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Gold (XAU/USD) is about to retest the trendline before Shorting
Gold about to retest the about trendline before going more downwards. there is also a probability of price may not retest the trendline and continue the same direction of selling. I will update you guys time to time about this pair have a close eye on that pair.
GOLD: Week12Hi Guys,
since week9 Gold be forming a distribution channel representing a bear rally before extending the correction.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
What's in Gold Now?Hello Everyone,
So, as per the previous posts, We are on the short side in Gold & now it important to watch that Will the gold give today's closing below $1304 or not. If below $1304 then $1285 will be the next stop.
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Utsav Babbar
Gold rising in uptrend reach upper end of channelGold shows good strength in uptrend, every pull back lower used by trader to enter in long side.
Now price reach critical juncture and near upper end of channel.
Trade below $1270 in 4 hour charts can push price lower either by profit booking or bounce in dollar index.
Gold Future breakout from falling wedgeAfter G20 meeting and outcomes related to pause of trade war between US and China brings Dollar index to cool down from High level.
Technically Gold future continuous contract breakout from falling wedge pattern and to consider this breakout and price forecast it can rise up to $1261-$1266.
Now $1222-$1224 act as support.