iam expecting goldeur finishing the correction soon and strating a new leg upwards. therefor we have to focuse on the current correction reaching 38,2-61,8% FIB - we will look for a nice LONG entry in lower timeframe -15MIN chart. SL we can place on 1117 and hopefully pull the SL fast to the break even and keep waiting for the new leg moving upwards.
When in doubt take a look at the bigger picture! So far gold has retraced a bit more than 38.2% of the rally from $1,045 to $1,375. This is the minimum condition for a healthy pullback. If it can hold around the current level ($1,250-$1,270) it is showing some real strength and hidden bullish divergence. Looking at the slow stochastic it is extremely oversold and...
Every long term chart such as the SPX 500 or Dow Jones has the same historical factor. Once a trend is broken it must retest the support line to decide if there will be a new trend or not. So as we can clearly see in the chart the support was broken. We must retest the support line! Now we will have two factors for the long term. However it is bullish in the...
Now today the metal is no doubt about low prices, creating if the opportunity for large international investors, have more than enough time to take shelter in this metal without major problems, Now if it is not accurate to could lower the price of the metal (to make it more attractive to investors) what can be sure is that in the future this will rise metal, it...
NFP just came in with somewhat below the estimated. Im looking at gold to maybe start making a rebound with this news and I'm looking for the yellow targets where fib retracements levels are. Also, there should be a good amount of support right around 1250level and if it doesnt retrace here I will be very shocked. With these two arguments I like gold at this...
Long term trend is up given by 89 day sma(yellow) over the 89 week sma(purple). Recent price action has created a great opportunity to trade with the trend! Remember that trading is a probabilistic game by nature. Not every trade will be profitable. In fact most may be losers. We are profitable in so far as the total of our profits are greater than the total...
This ideal trade setup happened yesterday and I posted it to watch closely. All trading systems are probabilistic by nature. This is why the advice the trend is your friend echos true, we want the odds on our side. Here in gold we have a long term trend up indicated by the 89 day simple moving average over the 89 week simple moving average. Recent price action...
I'm looking forward to see gold 1389 next week. It's nice time to buy. TP: 1388 SL: 1305 Then it'll be a very steep and long rally down
price near monthly resistance bouncing of trendline break on resistance long
Gold Has broke our Wekkly downtrend move & is showing signs of Bullish momentum. This pair came back down to retest weekly Support and ended last week with a Bullish Engulfment. 3rd touch to trendline seems to be holding as well We should see this pair shoot to 1400 in weeks to come! Stay Tuned :)
Buy when breakout median line or buy at support line.
GOLD XAUUSD long to 1371-81 with option to >1400. for Questions, please leave a comment.
NFP came in low causing gold to explode higher, rate hike odds will be lowered and rates will probably not be raised in september, this means the fundamentals is in good favor for gold in the near term future. the technicals are nice aswell, we got a nice bounce just below .382 on the bigger move and on a nice support level, we got also a nice buy signal where...
A couple of weeks ago, I published an idea in which I was bearish on gold. However, gold has refused to fall. In fact, the dollar has fallen sharply and gold is acting as if it is being absorbed for a higher rise. Of course, I'd like to see gold take out 1375 before I get too bullish but as of now, this is no market to bearish of. Probably the best move for the...