GC is moving between static levels, in its progress the 1760 level has been recognized on several occasions but broken with an important candle, only the return above this level with force can make me think of a reversal of this descending trend, otherwise if it resumes the downtrend is the next level where I expect a test at around 1675 level
GC is moving in direction of my trade. I will take at least half profit at where my target zone is. I have tightening my stop to my entry now. So this now be like a free trade. Yellow line channel being followed nicely. The bottom yellow line is weaker support then upper yellow line give resistance. Also pivot at target is weak. These 2 confluent things mean GC...
We have a Down trend, the market may follow my arrow, The Yellow Line is the resistance = Then a Pull Back if the market achieve the Yellow line and keep going down = short and use the TP & SL Target: 1782.2 Stop loss and take profit mentioned on the chart if you have any questions leave it in the comment box below the chart.
I have decided to take position in Gold (GC). Reasons: - following nicely down channel (Yellow lines) - Indexes are running hot!! - top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support. - 0.50 fib is show resistance and 0.50 is important fib line. - decent...
We are in a uptrend, the market will keep going up It will follow the arrow (like i mentioned on the chart). you can see my Take profit and my stop loss. My target: A: 1801.4 B: 1804.7 If you have any questions, feel free and leave it in the comment box
I will be entering a swing long in Gold here. It is somewhat risky given the downward pressure on Gold and the current correlation with equities but I believe the R/R to be very favorable here. This is also based on my fundamental view of future monetary and fiscal policy. The Fed has painted themselves into a corner where they are forced to employ ever more...
The Market in a Downtrending last month The market will continue to keep going up slowly today (trading range with a small % in up progress) my target TP: 1788.3 You can Close the trade if the market touches the SL
So I enter gold again after stop out thi morning for nice money. Now I enter again because Fast Hull cross down over slow hull. gold pull back to resistant line make good entry point rsi still making lower low with price price below center regresssioin line descended triangle which usually meaning reversal, but see price still at top of wedge so still...
GC Daily time frame is approaching the up trend line that has history of pushing the market bullish. If support holds, the technical analysis shows a potential +900 Tick bullish push towards resistance can take place. Looking for a bullish trend to form on the one hour time should be a really good idea.
I will add the why I go short in just a while. But for now I enter gold short at 1825.3
buy signal for my prediction stop loss and take profit on the chart
Thanks for the likes and shares. I really appreciated it, hope to help you the best to have another vision of the market acting as a support idea. ________________________________________________________________________________ Can you see how overall trend reveals what is probably going on. As I like to make it simple for you, there is no hazardous moves. See...
Gold Futures on the one hour time frame broke below the most recent support. The market looks like it is about to hit the down one hour fib extension near a known level of U-turn. If buyers are to take control. Now is the time. I am looking for a counter trend line break bullish and a bullish trend to present itself around the current level.
Today, we will show a short term analysis we have on Gold Futures: -It's important to say that in the long term, we have a bullish perspective on GOLD; check the Weekly chart, we think we are on a Cup and Handle pattern, and this type of assets tend to be bullish on uncertainty times (safe heaven assets) with its aligned with the current situation. -Now,...
📌 ridethepig | Gold for ECB This leg is a demonstration of how and where an advance on the right break should be punished. Buyers reclaiming $1.860 yesterday while the inauguration/coachella took place and now $1,875 for the European open is sending last minute ⚠️ signal of ECB preparations. The technical breach illustrates the lust to expand, the momentum...
A lot of attention on Gold since we observed the bullish breakout of the descending channel. However, the excitement didn't last long when we had an aggressive bearish movement making the price go again the bearish structure. What now? Let's start with the Weekly chart: Here we can observe a Huge bearish engulfing candlestick (Bullish FakeOut of the...