No mater how bad the news around you, look at the gold, it's NOT going for new high! stay away from it until it reach a 0.618 retracement area, about 1510 however, I expect it runs 3 months and end during Apr 2020. price level will be adjusted with the time frame.
I think gold is move up and then down so let's see what moving...
I have found an anomaly on the daily Gold ( GC ) chart. $1600 is my expected level. However i am not going to trade it as it's very risky if we consider the momentum and the current conjuncture. $1600 is my expected target. Disclaimer: This is not a financial or investment advice... Trade safe, Atilla Yurtseven
Short term: To test the previous high ..! Long term: Very bullish as long as it stays above $1440
Use this as a guide to develop your view of the chart: Main items we can see on the weekly timeframe: a)The price has achieved our Weekly Target which was the Fibo Extension of the 3rd Motive Wave / On the same zone we detected a resistance before 2015 b)Now we expect a corrective Structure similar to the previous one. From there, we will make new...
Gold move continue, now we are at resistance and waiting for breakout near term or short term.
Now we are at higher resistance so be careful here. *** Next Move up-to 1655-1665
Gold has repeatedly formed and broken out of bullish patterns for most of last year and all of this year. The most recent pattern being a bullish pennant that broke out with further aggressive buying. This market is primed to attack all time highs and could very well cut through on it's way to $2000+. As for now, the next major overhead resistance is just below 1,800.
Use this as a guide to develop your view of the chart. Main items we can see on the Daily Chart: a)Our Count for the whole movement is a 12345 with a 5th on process b)Currently, we are on a corrective zone, similar to the previous one (check the circles) c)We think that the current corrective structure is a pennant pattern composed by ABCDE with a D on the...
Use this as a guide to develop your view of the chart. a)Our Main analysis on Gold is the Elliott count (12345) with a remaining 5th towards the Fibo extension at 1640. b)Currently, we forecast a correction similar to the previous one on the chart c)We will wait for a clear shape before developing new trades on Gold d)Our objective is to catch the next motive way...
50% retracement will hold as support and potentially take us to target. If you like fibonacci or technical analysis like/comment/follow I will have a free trading chat room and trade room coming soon you can join.
Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last several weeks. The weekly candles show no indication of a top here. Price would have to drop all the way down to close below 1517 in order to be...
Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last couple of weeks. Last week was a spinning top, which corresponds with the sideways correction we experienced, and invalidates the shooting star from...
Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last week. As geopolitics with Iran has settled down price has corrected back down. Price would have to drop all the way down to 1500 in order to be...
Chart reflects a symmetrical triangle reversal pattern. Long-term general outlook - natural gas up, gold down.
- Waiting for break of support - Market is downtrending - Approaching 2 key levels
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
Use this a guide to develop your setup Main Items we can see on the Daily Chart: -Price has broken the Pennant Pattern -We expect a continuation of the up movement towards the Bullish daily target -Before setting orders, we will wait for a Throw-Back to the broken trendline or a support zone -If that happens we will set our Orders Above the last motive wave...