Classic gold when breaking down in a bearish channel. We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty...
I see that Gold has risen above the U-MH's. But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH. If price is trading back into the blue fork, then we will see a nice drop. Otherwise it will rise like a balloon...until the guys with the needle ending the party once again. So, let's observe and act accordingly. P!
Gold shows a nice bullish wedge on the 1 hour time frame and it's currently already trading out of it. Gold Buy around 1255 TP 1266 > 1278 Stop 1245
It is jus an idea but remember that interest hike append when gold was low. Now , it look like the hike will be at a top. Be prudent. I am looking to short if i have a paterne who will tell me to.
The breakout of the U-MLH (yellow) set the tone for Gold. Now, with this scary pullback, many long positioned traders get stopped out and positions change hands I will stalk a entry long as soon I see some stabilisation at the U-MLH. P!
Gold on the daily time frame shows on very interesting setup that can goes either way. It will all depend on how gold will close today. Buy: Close above upper range, 1272 or higher. Take Profit: 1292 Stop Loss: 1264 Sell: Close below lower range, around 1269 or lower. Take Profit: 1235 Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there...
The discussions I read in the last days can be very confusing. ...at least for someone who don't think about the context, and time, and the difference between trend and flow. You can not chart something in a daily, and talking about the next 5 or 10 years. That's foolish, period! This chart shows what I mean about a longterm perspective. Follow price from the...
On the 4 hour time frame Gold is showing good strength (Daily about to) The 1st upper range has already been broken and it's now pushing against the 2nd upper range. On the Adx indicator the bearish trend is getting stronger and about the take over from the fading bullish (green) trend line. Also the Stoch Rsi shows nice buying pressure. Buy between...
...it halted to the tick at the L-MLH. Supported by the A/R line, what we have here is a long candidate. As a target I simply choose the EP = Energy Point. P!
On the weekly time frame we see that not only gold is gonna break its lower range. Its also about to break 72 EMA and 14 EMA. As you can see a break of either of this EMA levels made gold trade in the direction of the break for a few weeks and now its about to break both of them almost at once. The Adx indicator also shows a strong bearish trend and Stoch Rsi...
After a huge wave down from 1294 gold is now not only reaching its lower range but also the 72 EMA on the daily time frame. This will touch this in the 1245-1248 region. Usually when a 72 ema breaks the price continues to move for a bit in that direction. As you can see sometimes the price also bounced back from the 72 ema instead of breaking it. By the look of...
If you look at Goldminers Companies (such as AU, ABX, NEM etc.), and you overlay those companies over a Gold Future GC line, you can see that the trend changes are started by the goldminer companies before the gold price follows. In the chart above you see that Gold GC (thick blue line) is a few days behind the goldminers shares. Just overlay some of those...
So far gold has been moving nicely around in this channel. Indicators show that price might decline to the lower range at 1245 at this point either the range will break or there will be a bounce back up that will got above 1300. However we also see that in the past the price already bounced back up halfway the channel. Since the current price is also halfway the...
After a strong rally in recent days over concerns on geo political tensions between US and North Korea, gold looks set to retrace as buying momentum dies off. Expect to see a short term pullback towards 1270 before a possible trend continuation.
base on pattern and the fact that no hike interest rate in europe. a correction in americain market is plausible so . gold should go up but how much. 1295 or1456. we will at 1295 i will be prudent. wont short but will sell some position
Here we are at the U-MLH. Do we turn again south from here? Dunno... What I really know is, that price will reach the centerline over 80%. So, from the perspective of the whit, upsloping fork, I would not initiate a short trade with a longer term perspective... So lets just observe how price closes. Above the blue U-MLH or below and how support will come in...
going to open if neckline is broke e.g. by the book GL