Gold -Daily 4H. What we often see is a trend change at the start of a new month. We also made a higher low. I will try to add more positions if the price action is right. Follow my group for More Analysis
Gold Time For Long Position. The Price already engulf and Make Head and Shoulder Pattern so the price will go up today.
gold long fake out on 3rd touch of trend line. 1463 holding as support. Could make new high up to 1485
Gold could still reach its target like analyzed before as long as it stays above point of invalidation. There is a good risk to reward ratio at the moment for this trade setup.
My view on gold at the moment is that it will retrace to the trend line that has previously been respected twice and then rocket from there. 1466 is the region to watch for Long opportunities. Gold is cheap at the moment. 1600 expected by new years. Overall trend on daily is bullish. 1466 also sits perfectly on the 0.382 fib level retracement.
After a few difficult weeks for gold, I think the uncertainty in the trade war between the united states and china. It can help a rebound in gold.
The other day I posted a USD/CAD cup and handle pattern that we expect to push the pair upward and I thought I should just post this here to show you how the pattern works for those who do not know. This GOLD with another opportunity to go upwards to the level of 1600 and this is based on the cup and handle pattern that created a strong opportunity bullish to the...
It's amazing how Gold is supporting Fibonacci A picture speaks thousand pips
You see a good chance Gold in Weekly charts to go Long. Wish Good Luck to all Swing Traders!
Price action giving us an opportunity to buy Gold short term after creating a temporal support at around 1451 area. There is a probability of a bounce to 1480 before continuing with the long term drop. Risk 1 %.
At first glance you think what is Gold doing now, but when I looked a little deeper, thought yep F2 was not long enough, it needed more room, so it generated a revisit to 1516, hey presto F3
Trend Change Gold Touched Support multiple times.