Gold Insight - Overall trend moving in an upwards channel and a downtrend inside the channel. Support 1632.30 - 50% on the fib. Price is likely to go long break resistance at 1648.98 - 61% on the fib and follow the overall trend of the upwards channel. Intraday : Buy Trade: Buy Buy or above 1632.30 Target TP: 1648.98 & 1669.62 Pivot and support:...
educational use only, stoploss would be below the 113 tp are highlighted with the arrows your thoughts?
Gold showing signs of upward momentum followed bye more southbound movement before the breaking of 1700
Update to my Late December and early January analysis, paths technically remain the same:
Gold is in a textbook bull flag. This is a textbook flag trade. Price currently supported by 4h 50ma as well as support zone.
gold can be reach the target of 5th wave
If price retraces and makes it way to 1630 we should see it reject and take off bullish. If breaks 1630 it should continue down, however if it doesn't. BUY STOP at 1640 for confirmation and ride it to 1700!! once price passes 1670 by 50 pips whatever SL you have i'd move right to 1670, keeping break even in profit should have no problem breaking 1700 after this.
Hello again ! This idea, one of my A+++ trade ideas in my opinion ! So here what I see on this one : We have a STRONG resistance at $1,689, it critical level of price that can help to extending the bullish rally ! Also that price can reverse the price and go again on the sell zone. Fears that the coronavirus outbreak is spreading in the US and the entire...
All description on the chart. Please, don't forget to like and follow. Thank you.
Gold may test the 1686 resistance level a few times more before breaking above the 1700.
TVC:GOLD remains a STRONG BUY. Fiat - Government Paper Currency will be coming to an end. Fiat currency is legal tender whose value is backed by the government that issued it. The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or...
Gold failed to consolidate above $1600 as it rebounded from multi day lows below $1600 ultimately failing to consolidate below this level therefore we maintain our long view. We can see Gold reaching multi year highs once gain due the FED emergency rate cut and continued fears and uncertainty surrounding the spread of the coronavirus.
I need to first bring up some previous idea’s and supply some information about these first, so you will better understand my reasoning for my charts path: We all know about the sudden 800 pip drop on Friday, 28th February, it was brought to my attention, that this drop was triggered by this article: www.marketwatch.com (source: see comments on above...
Yesterday, we saw a huge selloff of Gold down to its support at around 1590-1600. With all short and long term moving averages showing bullish momentum as well as global economic slowdown and uncertainty due to Covid-19, I will expect safe havens to continue to outperform. For now, we can expect the bullish momentum to its all-time of 1800 in 2012 before...
We see continued upside for Gold as global equity markets crash on the back of fears over the spread of the coronavirus. However, at this stage given recent developments we would not want to see the market drop below $1600 but we feel prices are supported by increase in probability the FED will cut rates and a subsequently weaker US dollar.
USE YOUR MONEY MANAGEMENT MULTI TIME FRAME ANALYSIS M30 - H4 REMEMBER PRICE WANT TO BACK TO FIRST CHANNEL AND STABLE TREND ....