Upvote if you like the idea, thank you 1st TP: 1.6056 2nd TP: 1.61350 2nd buy order below if lacking confdence Enjoy
If the price stops below 1429, I’ll open a short against the trend. Need consolidation below the level for 6-8 hours to open short. All long scenarios are relevant.
After reviewing the chart for GC Futures, I believe there is prospect to the long-side. Based on the way I frame the markets, I would need to see a break (failure) of the opposing 61.8% level at around 1600 and then see a measured move long at a 50% level. Obviously smaller time-frames would need to confirm this at the time to be able to enter into any trade....
Possible long trade to 1478-1523 area. We seem to currently be at the pivotal moment for gold. Either a breakdown or continuation will happen, depending on market sentiment, inflation and the Fed's decisions. My thoughts: If inflation picks up, gold is a popular hedge against it. This could mean gold prices move up. However, higher inflation lowers...
XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest. Trade is Long Gold cmp...
Gold is touching the upper channel Previously, in the period 8/2013, we also saw that this is the supply area At the moment most of them have taken profits and we should observe the reaction price here Don't just go to market and buy/sell everywhere :)
Friday, June 7th, 2019 - Everyone is thinking GOLD has entered a new BULL market - It hasn't - and as a matter of fact, I believe the selloff will begin next week - Watch for a daily candlestick pattern to confirm top -
Hi Guys, following my post dated 14 May 2019 Gold was rejected at 1300 but was supported one more time by the longer SMA (620). The rejection at 1300 marked a lower high compared to previous highs within the correction. The 3 black S on the orange SMA diverge slightly with RSI but imho divergence not steep enough to prompt a pullback above 1300. Since RSI...
Hi Guys, following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17. 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...
Gold has spent the better part of 2019 consolidating last years gains in the form of a bullish wedge. This break above $1290 looks legit today and could see the gold price move back to the major resistance level at $1360.
Hi Guys, Here a link to Investopedia definition of Cup & Handle: www.investopedia.com There are many more on the web. 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...
Gold futures broke below support, appears to be forming a wedgie. Expecting a bounce if it hits the bottom trendline or if it breaks the upper one. Probably a backtest of support. Long term it's forming a 2 year pennant. Do not expect it to double bottom.
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.
Pattern: Bullish Channel on 1W. Signal: Bullish. 1289 and 1297 being the Support Zone. Scenario 1: Following the Blue Double Curve inside the Channel Up. TP = 1334.50. Scenario 2: Folliwing the Green Arrow diverging from the Channel Up. TP = 1345.00.
This chart shows the ratio of XAUUSD vs BKX bank index Gold is typically considered a secure investment in times of economic uncertainty The KBW Bank Index (ticker BKX) tracks the stocks of 24 major banking companies since the early 90s. This index serves as a benchmark of the banking sector. During the Great Financial Crisis of 2007–08 questions regarding...