GDL - Monthly Inside BarsTrading near resistance with volume fraction and RSI breakout, entry:295, SL:268, target:344
GDL
Gold Technical Wedge for 9/17A better entry is on the way next week for gold, with multiple reasons for price to be supported at 1900/oz.
Gold - Bearish Descending Triangle???Looks like a possible descending triangle pattern. If that is validated, then gold may still be in correction.
High Octane Bullish Speculation On Barrick GoldABX is on a multi year bullish flag, and possibly forming a multi month reverse H&S (speculative). After hitting te 0.618 fib retracement from this years' highs and coming down, if the multi year support trend line holds (~0.236 fib retracement), it could form the reverse H&S and end the year breaking out of the multi year downtrend resistance line, meeting around the 1.618 fib retracement level (~18$ — which is also around 2017 highs).
Possible Short Term Reversal for GOLDGold may be headed towards a short term reversal, based on the rejected resistance, broken trend line and decreasing volume. If setup is correct, it would make a very good buying opportunity after finding its support and wouldn't discard the possibility of even new highs.
another critical point for Gold- except this is a big one the long term downtrend line from 2011-2013 is holding up
Gold, and the trend continuesa couple of resistance at $1250 and then $1263. hopefully, we will get through with all the volatility in USD and market nervousness
