If gold continues its rally it might touch 1st target of around $ 1470, and then can break above $1500 level.
Hey all, just my opinion but I think gold is slowly going up retracing the previous high, could shoot back up to 1337-42, I am personally scalping this up, I am fairly new to using FIB so don't take my word here, but if you've seen my previous post you do know that I follow price !
Hello all I am expecting gold to start cycling higher based on a risk on sentiment in the coming days. Technically, the downwards trendline was broken, it started to cycle higher before rolling over to head back to what was dynamic resistance to where it currently is which could become support. If I see any engulfing bullish candles at this area and then a...
This is an update on Gold with a new curve showing probability broadly for the north. See my previous video on a smaller curve. The Theory of Curves is based on exploiting patterns in Chaos. Read up on Chaos Theory. The markets are pure chaos so it is every proper trader's business to know about it.
Here we can see my view on gold for the next week. I'm seeing some support and resistance lines that are made clear with the extra charts of the daily and weekly. Not going to enter this trade right now because I think the support will be tested first. But if things look very bullish I will give the signal that I'm entering. After entry on support we will pass a...
The corrective structure of gold has been finished or just near to it's end
Central banks will be gold buyers this year, no doubt on that. We have trade tensions out there, economic slowdown, and fear of a recession among other issues. That said, gold developed a 5-wave bull trend starting Sep/28/2018, finishing Feb/20/2019. Since then, it's stuck inside a complex correction forming a descending wedge, as you can see on the chart...
Look left its making similar structure. please trade with good risk-management.
Buy on trend line. Price should bounce from the ascending trend line to descending trend line. Risk reward ratio almost 3
Hey, my name is John Vasilopoulos, i am trader and sometimes i post ideas in tradingview. Therefore, this is my trading idea after a long time in Gold. We have price analysis and key level of daily resistance and support as well. The green daily hammer is signal that the buyers have the control of the market for now. So we enter long in this one until the price...
Wave 4 in the making. Then UP it goes for Wave 5. Share your thoughts and observation in comments session :) ------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice. -------------------------------------
Take a look on XAUUSD chart H1, we see a positive sign to UY. * MA20 is cutting up MA50 * RSI diverged and surpassed the 50% neutral level, indicating that buying power is stronger than selling at this price. So I think that, this time is suitable for us to disburse in the short term to buy and earn profit. Resistance level: 1304 Support: 1285.