Long Cypher pattern gold. Also fits the idea that when the index go down people want to get security in gold.
Gold is in a big parallel channel. On a short-term view, we have a nice triangle. Waves a,b,c,d,e are completed. I would be short on a very short-term until it bounces on 50/61% Fibonacci. This could give us the A leg of the correction wave within the channel. WATCH US FED DECISIONS and anything related to the USD performance (trade wars, interest rates, bonds...
Price has recently bounced from 1185.00 which is a major support level for investment banks, if this level holds as support we can expect to see buying pressure and test the top of the box structure, if buying pressure persists and we see a break of this structure we could see further upside. either way we will be running risk-free and shaving off profits on our way up.
Fundamentally, DXY has entered its descending tunnel and the world financial market is still in panic. If Trump still might comment on FED's monetary policy, it would drive the gold price up once again. Technically, Gold price has broken through the descending trend line since April 12th, which means gold price has technically entered into ascending period. As...
GOLD long buy idea on Savius Slope Rider Strategy
I am going to try to catch some pips with the correction. Pay Attention as it is against our main trend. Price action seems ok so I am going to enter the trade. Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit. The trade could bring more pips then target. Lets see what the market brings.
On the hourly chart of XAUUSD, the price has formed a bullish divergent bar signal within the approximate 4th Elliott wave of up period. Going long with good RR ration with target of the peak of the 3rd wave.
KEY DEMAND ON THE LONGER TIME FRAMES. Shorter time frames to estimate a good entry. Break retest and potential good inverted head and shoulders. Target 1250.00
HEY TRADERS!! Well well well on a weekly chart we can see inside bars so fakey may be coming next. We have only one session to produce that weekly fakey tomorrow. So in short we have 2 options: Either we bounce from gold fibo(618) tomorrow or we will drop lower to 1172 area to hit a hot spot (786 fibo +monthly TL). If we bounce again from that monthly TL we...
NUGT is ready to go up in a C correction wave as it is finding support around 1330. We can aim for an entry at that level and a TP around the 50-61% retracement. For details on GOLD, refer to my previous idea, it is very detailed.
Hello, this analyse refers to traders who are focused on mid- and longterm trades. In my opinion gold now is going to complete an Elliottwave correction pattern, which is also a base where gold will start to new highs. The sentiment is worse than at the end of 2015. After that in 2016, gold started a bullrun from 1.046 USD to 1.375 USD. The CoT dates show us,...
Hello, this analyse refers to traders who are focused on mid- and longterm trades. In my opinion gold now is going to complete an Elliottwave correction pattern, which is also a base where gold will start to new highs. The sentiment is worse than at the end of 2015. After that in 2016, gold started a bullrun from 1.046 USD to 1.375 USD. The CoT dates show us,...
Expecting gold to make its way back above 1330 on the midst of trade war technically it is due for correction to the upside. We look to go long on break and retest of 1265.
Stop Loss : 1204 Take Profit : 1248.75
we have three long position on gold. If it moves through our analysis and the short target achives (2$) you can risk free your both remaining position after first Tp. after second Tp (4$) you can move your remaining position stop to first position TP
1374 is the target. Lets see how this plays out. FOllow me for more awesome trades!
Just a follow up on what has happened since my last analysis on Gold, Buy from this level as Gold is showing us that bulls are in control of the market with "Indicators Confluence" Confirming a Strong Support line with multiple touched through a Long period of time.