Pattern of Gold chart which I think it should go on this month I think it should follow in B. or C,
But overall Gold should buy on dip .
detail in chart.
GOLD-BUY
$xauusd $gold looking for another mover down to the buy zoneGOLD is going to be stale for a while if the overall stock marke can recover, but if not, I see gold taking a little corection into the green zone then back up to test $1360 if it breaks below and closes below on the daily I say we go further down and have to wait. If it does bounce here you may want to buy some physical gold here, and a good gold stock such as $KL or a streamer such as $ssl
Keep an eye on Gold set buy limit for 1250 upSet Buy limit in Green zone
1228.6 , 1230
if it can pass 1235 and break up and another zone 1240 (This zone so strong )
Traget 1250-1290 ( Red zone in chart )
GOLD buy long on Savius StrategyGOLD buy long on Savius Strategy
With such bearish market for S&P500 there is a high chance Gold may turn bullish today
XAUUSD LongRiding the gold recovery after being oversold (RSI on weekly chart) for weeks, taking advantage of current USD consolidation and price action confirmation on the weekly and daily charts, and most importantly its fundamentals which supports upside reversal (barring any manipulation from banks), esp its increasing demand on tech sector. Setting up buy stop order few pips below 1215, with TP @1220 and SL near 1210 (-38.2 fib level).
www.kitco.com
www.kitco.com
www.kitco.com
DXY (daily):
Daily:
Weekly:
Confidence: B (because of USD risks esp the ones related to trade war)
XAUUSD (GOLD) - BUYHello guys,
gold seems like it did hit an important level!
We can see it did it the weekly bollinger band + BAT PATTERN and we can see a strong supply & demand area!
Trade with care,
don't be greedy!
PC
Gold Buy Idea Gold looking to buy off of 4 hr bottom trendline as well as daily supply and demand zone
Gold Bullish ideaW1 - Price reached the uptrend line. If we didn’t get a valid breakout here we may then expect the price to respect this trend line again and move higher.
D1 -Wait for the price to break below the low at 1237.15 and also the 100% fibo expansion level with potential bullish divergence to form.
We may then look for more bullish evidences and start looking for buys.
XAUUSD - Bulls get the trophyHey guys , i noticed this triangle completing on gold , might be a good opportunity to buy it.
Goodluck!
Gold buy IdeaD1 - Price has reached the confluence zone formed by the smaller channel's lower trend line and bigger channels lower trend line. We have horizontal support in the same zone and also a potential bullish divergence is forming
Once a bullish reversal happens we can look for buys as long as the uptrend line of the big bullish channel is holding.
Invalidation: If the price breaks below the bottom of these channels then this setup is invalidated (false breaks are acceptable).
Gold Buy Setup What gold when it touches the white line. We already have divergence on the lower TF. This will give us a flat correction for one more move up before going down.
Thoughts on $GOLDThere are many questions about the future of $GOLD - looking at a combination of classical and elliott wave it does seem likely that the inverse head and shoulders pattern targets a move to around $1500. Trying to match this with an elliott wave count the current primary wave B seems to target $1500 as well. This leaves a the big C wave to complet the bear phase that began in 2011 - Comments please
Gold AnalysisWith NFP happening this Friday and the potential tariffs being put in place by Trump, gold is in an interesting spot. I am still very bullish on gold overall as we closed above the 1300 price level on the monthly chart. From the looks of the daily chart, with downward momentum, we could fill that big daily wick down to about 1305, but I don't see it going much lower than that. I would look for potential buys from an overall bias, with a long term target of 1400
Gold Head and Shoulders Place an Buy order at 1333.36$ with SL at 1320$ TP1 at 1342$ TP2 1356$
goodluck
