The shiny gold metal broke 4h support at 1498.05 last night begging the question on what's to come next. With yesterday's FOMC meeting and Powell speech cutting interest rates activated a swing/reversal pattern in Gold. XAUUSD found lows around 1482 before pivoting upward with relentless pull. Looking for gold to test monthly highs. keeping a close eye on the 1518 range.
Hello all - DuncanForex here with another trade idea Following the move higher on the 24th and 25th October, I am looking to enter again off Support. Price is at a great level and I'm long at 1486 Lets see if this can get up to the previous highs from last week Reason for entry is Off Key Support level RSI showing divergence on 1 hour chart If it breaks...
Hello all DuncanForex here with another trade idea I am hedging GOLD - I am currently short, however I am looking for it to potentially turn around and head higher as it is now near the dynamic support line (which was resistance) from the previous down trend. If this does head higher - it could be a fast move. I will watch accordingly Find me on Twitter,...
Hello traders, XAU/USD is at the moment in downtrend, trading inside channel, with support at green marked area. In my opinion we could see a little more downwards before break of channel upwards.
Pretty messy DW but I like it for a long selling premium on it, sold 25 puts, bought 20 puts for a bull put spread. 163 credit received, 37 days out
Ascending triangle on lower time frames. Lower lows and a break out from here will launch gold over the resistance towards 1800 usd.
GOLD Triangle GAME - 1491.75 XAUUSD 180° in a triangle. MORE TO OUR MEMBERS wa.me MAKE MONEY IN TONS
looking for gold to break that resistance, retest then go up
Silver trades similar to gold. If there is severe risk aversion, expect for silver to rally. Price is trading near a previous level of resistance. If it can hold, it will become support. I would like to see price retest 16.86 before continuing higher. It would create a confluence of support. Price has already tested DS twice and it would put price near the apex of...
up trending, aiming for 1530 retest, will take partial profits around retest of 1515, if i am correct!
Is this final push up before a whole half year bear trend? I see cup and handle in a bigger cup and handle, this might push gold price higher by next week, chart is on 15 minutes where I noticed these patterns. If is true this might happen fast Good luck
This particular position is still developing. I am waiting to see what happens at this particular consolidation area. In my analysis, if the area of value between 1497 and 1500 is accepted, and we see volume at its current level, or rising, or next likely target is close to 1512. If we reject the area of value, and break down, or target to the downside would be...
This trade appeared to work out perfectly. Painted a picture perfect bull flag, in addition to rejecting a specific level around 1475 on the low end, and 1478 on the high end of the level. The smma crossed north through and fanned out in a bullish manner. My entry was based off of the retrace of the bull flag, in addition to price closing above the cold smma. One...
I am expecting Gold to make min. another test of the prior top. We can see a corrective ABC structure which possible found its end in the 100-123% extension. As long as we dont move under this extension area I prefer another test of the prior top to come or maybe even another high point.
PMI data came out today that indicates a contraction in manufacturing... Typically bad for equities and good for precious metals... Gold has been tumbling down these past couple weeks after the larger larger head played out... The low is most likely in and we can expect 5 impulse waves up to complete soon with a small corrective structure... I do not have a...