GOLD Periods Expectation GOLD is very close to the 1689 price where it is expected to a quick correction after going UP
GOLD Long period TVC:GOLD
Yesterdays down move seems to have been a temporary sell off. This type of activity can easily confuse traders, forcing them to either exit their long positions, or sell short. The problem with this, is that NO LOW PIVOTS HAVE BEEN TAKEN OUT - implies the trend is still UP, until a signal says otherwise. Those who have been following LONG from 1500, hold, those...
This is High Risk trade, we will cancel this trade if price shooting up then coming back to our demand zone. __________________________________________________________________________________________________________________________________________________________________________________________________________ What is your thought on this trade? drop a comment...
We are still long Gold despite the precious metal pulling back from surging towards multi year highs above $1700 this week. The full impact of the coronavirus on the global will continue to be felt over the coming months and therefore we see Gold moving towards all time highs above $1800 whilst keeping long term support at $1562.
CORONAS OR NOT WE HAVE SEEN OUR XAUUSD PERFORM TOOTH AND NAIL TP 1770.71 ENTRY WAS AT THE 160.99 LEVEL
To add a little bit more entry information to my previous chart, I have set my entry at 1703, however the green zone also has merit as its the projection from the weekly chart, (see link below)
hello traders, as you can see, gold kept trying to break the 1642 resistance and failed to do so. as a result, bulls gained back power and broke the bearish triangle with engulfing with a good volume (1h chart). BUY GOLD 1st target 1680. goodluck
We re-established our long view on Gold as the precious metal rose from when it dropped below key support at $1560 back towards the multi years highs towards $1700 it reached at the beginning of March. We see the precious metal surpassing those multi year highs due to the continued uncertainty and impact of the coronavirus on the global economy as well as it's...
Possible price action for bitcoin using chart pattern, support/resistance. Pink trendline is a technique used after confirmation of H&S pattern. I’m placing it here as I think that this may be the area of a local top. Price action can also move back towards the neckline and is the most common of probabilities with the H&S pattern (this is why there are so many...
Gold seem to complete the megaphone and then the butterfly. Trade safely.
Gold over the last few days has ranged, note the similarity to the left fractal, on exiting the fractal it went south, as the overall trend on Gold is long I foresee more north bound movement from the current fractal, 1700 is very much looking like a soon to be reached target