Staying on the sideline is the best thing to do at the moment. For intraday traders you can wait for a breakthrough of the yellow channel as shown in the picture. XAUUSD
yes correct Sell it now and it will drop massively and see the description in the image. GC is in overbought situation and price has retraced from the 0.382 fibo level. Note: Trade at your own risk. We are providing free forex signals. You can join clicking below telegram link or comment your telegram username we will add you there. Join with us for free...
i can't put it in words, please read my mind :) #acefxanalysis
Right now we can see buying pressure on resistance level 1520. If during FOMC buyers will show initiative we can see breakout past 1520 level.
will be watching the low for further shorts, please note if using xau make the proper price adjustment
Gold update in case the peak exceeds 1566 As can be seen from the chart If the previous "resistance" peak exceeds 1566, the next target is 1642 According to the technical form
GC still holding the trendline pretty well with a "zone" to match. Could be an easy entry. Loking for this to rise maybe overnight up into the trendline/zone with a drop to follow. Could see good prices on PUTs if this happens and catch it off the rise. Any positions held nust be patient. Trend is your friend "until the end"
Trade Idea 3 consecutive negative sessions have been posted. The medium term bias remains bullish. Current prices have reacted from a high of 1555, however, we expect further gains to follow. Sentiment remains positive despite the pull-back lower in prices. Preferred trade is to buy on dips. We look to Buy at 1510 Stop: 1500 Target 1: 1540 Target 2: 1555
Betting on laggards is like hoping to get drunk by being late to the party.
Gold will usher in a sharp fall in the next three months, falling to 1333-1390. In addition, cftc's speculative longs are already crowded.
Gold's 6 year long backtest is nearing an end. JNUG/JDST likely to reverse and reconverge at mean.
Simple study highlighting 4 year long ascending channel. Price currently at top of channel. Indicators converging at top.
This has all the earmarks of a backtest. Should history repeat it is destined to fail.
Since gold likes to fill all the gaps before breaking out. That's what happened for the previous breakouts too. White Circle on the Charts, would be the gaps that I'm talking about. Gap Fill Hypothesis: 1454 ---> 1449.3 ---> 1435.2 ---> 1423 ---> 1418.9 ---> 1416.7 ---> 1460; Look on 5 minutes chart. Couldn't post a 5 min chart on tradingview. Gold gapped filled...