We have a Buy Signal and the market may keep going up and achieve the target Risk/Reward=1.11 Good opportunity Stop-loss and Take profit mentioned on the chart
Main items we can see on the chart: a) The price has reached the all-time highs zone and started a corrective movement b) Now, we will focus on the possible paths inside the correction c) The main aspects we can see are: The ascending trendline has been broken / We have a clear edge for the corrective movement (parallel lines) d) Based on those items,...
The price of gold has dropped to the lowest level since the second half of July. As a consequence the ounce of this precious metal is cheaper by about 10 percent then it was in the first week of August. In our recent analysis we have mentioned that on the daily chart a potential triangle pattern has been created. Its lower limit has been broken so the bears may...
Hi community ! I Recommend to buy GOLD if it breaks out from the upper side (resistance), and respect the levels. If the gold breaks out from the bottom (support), sell GOLD.
What a great pair to trade recently! Let me explain why - Currencies have lacked momentum of volume. Even though, gold has been range bound the moves has been a lot cleaner on scalp trades including silver too. However, today will be very critical which us trades much pay attention. Jackson Hole Summit, Powell to speak today about monetary policies longer term...
Probability: 65% We have a Sell Signal Take profit & Stop Loss On the Chart
We are still waiting for a potential breakout on the gold market. The price has been consolidating since mid-August. The consolidation looks like a potential symmetrical triangle pattern which is labeled as “abcde”. This pattern may be a part of a larger corrective structure labeled as ABC. According to the Elliott wave theory, wave B may be a triangle pattern....
The easiest trade to take today on the Gold Future - GC. After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry. As the sellers has been squeezed, it is later on the buyers who...
Probability: 80% Buy signal! The market will keep going up. You can use the Yellow Line as our First Resistance and at The Same Time Our TP1 If a Green Candle Cut with Force the Yellow Line Then We use it as a Support for the Next TP2 ( Blue Line) Take profit:1961.8 Stop loss:1945.6 Good opportinuity for two trade with circonstances.
📍 It is already well known that we 'should have exposure to Gold', the conduct of the flows happened very fast and appears to be quite over stretched in the immediate term. The disproportion I mention is not very well-handled in methods where investors seek to park in cash. The great mobility of Gold is known no more, it's difficult to transport and illiquid in...
Probability: 65% We have a Buy signal Take profit: 1959.80 Stop loss: 1952.2
EXPECTATION : the market could continue to consolidate to complete the Triangle pattern. Today, I'm bullish since the market is above the VWAP. The market may break the triangle from above to reach some previous recent highs as 78.6% Fibonacci Level which corresponds to the 2015 price level (blue arrow). If the market breaks from below , it may reach...
Looking at the daily chart of the gold futures we may spot that the price has found potential support at 1911 USD. This level could also be a possible lower limit within a triangle pattern where the upper limit is set by the upper limit within a downward trend channel. If the support also set by the trendline is broken we may expect another decline which could be...
The bearish Butterfly pattern is indicating a possible retracement for the GOLD to reach the precedent high reached in year 2011. When the market will go up again and break the blue horizontal line , the next target is clearly the next Fibonacci Level which corresponds to 2179.1 price. the Butterfly pattern may be a failing pattern , but the two last...
There are only two options, waiting for confirmation. Keep close and make wealth!
Probability: 80% Good opportinuity!!!!!!!!!!!!!!!!! the market will keep going up Take profit: 1940.1 Stop loss: 1913.5 Note: i use the Tp & SL manually following my own tactics and strategy to close the trade.
Probability: 60% High Risk! the market is not stable and follow a single Trend The GC1 For Sell ( Short) Take profit: 1941.7 Stop loss: 1951.5 I can close the trade manually and following my own Strategy signal.