Without a doubt this test above the 7 year downtrend is Gold's best shot yet to breakout and begin a ferocious move that will coincide with the dollar getting crushed like the 1988 Rothschild owned Economist cover where a phenix rises up in the ashes of the burning dollar with a coin around its neck titled 2018. Something is about to happen. We all know that the...
XAUUSD has formed a bullish engulfing on the daily time-frame. SL set below engulfing lows, TP set at previous highs.
It looks like it doesnt want to stop climbig! gold is pushing upwards im going long on this I feel like it will fly out of the weekly trendline it just broke
Price closed above the channel and is currently retesting. A close above this level will trigger a long entry to the upside, targeting 1.300s.
After Fridays NFP gold reached a h4 support, after creating a pinbar at important level i had entered in trade
1) Low test bar (Reversal) 2) Rest of the Low channel 3) New HL formation ( Continuation) 4) Test on new Support Expecting price to rally and a break above 1272 , restest at support & then an extra rally to 1280 .
I don't have a trade setup here yet. However I am watching and expecting GOLD to press higher into the 1280s. Note: All ideas shared here are for learning and understanding purposes only. Any trade taken on this projection is done so under your own risk.
SIMPLE HEAD AND SOULDERS PATTERN AND BREAK OF CURRENTLY TL. PRICE REJECTED ALSO OF 1228.20 H2 SUPPORT
This trade is based around the major support level at 1214. Simply, if the level holds we can expect price to have major bullish support on the long term. If the resistance level breaks, we can see major bearish levels coming in. I will publish a Short trade opportunity linked to this one if the key level breaks. We can place an order to buy at 1220 (or just...
The confluence of trend-lines is making the unit quite volatile in this coming week. The '13 0.49% trendline - retested in July 2017 - is the major hurdle, breaking this trendline would allow the unit room to grow up and fight the major 1300 resistance. The world has its fair share of problems, Brexit and terrorism in UK, Trump battles to implement policies...
As described in in the chart, I will be looking at potential reversal in the orange area. Any comments/improvements to my chart are welcome. Looking forward to learning from all of you.
Just like gold did, silver is about to SLAM through it's 2011 resistance. From there on, silver will skyrocket further up. Therefore, be wise and be LONG. Also keep an eye on the 50MA, it wouldn't take much to go trough the 200MA.
XAUUSD: Gold Friday was a very special day for XAUUSD: it broke above a six year long down-trend that's been in play ever since the high was reached in 2011. All it has to do on Monday is hold above that line and not get sold off - gold should then rally to 1301-4 range. But it also looks as if it could well push higher by about $90 or 7% from here once it's...
Gold broke resistance during NFP results and aims for 1350
here we see a bullish channel forming higher lowsand higher highs. if you understand the ichimoku you will see the future is bullish as it broke out of the cloud but that slight red indicates a little pullback before continuing the bullish momentum. We will enter when we break above that resistance. I think Tuesday .TP 1 is 1300.00