I'm Looking for XAUUSD to head down to the 55-50 area , Most bullish attempts have been capped around the 1280-90's last night and there is still some room to the downside IMO . The 1270- 1275 area May provide support and will need to be cleared . T1 - 1274.50 T2 - 1255.00 ish'
After taking a breath to gather strength on the uptrend, price is now sustained by the Ichimoku cloud as well as the 50MA that have been acting as support. Other indicators like the ADX are already signaling the resume of the uptrend and this should keep on up till 1245. At that point, depending on the strength of the trend, it will possibly keep on to test last...
Possible gartley pattern and bullish pennant. This market prediction is just my opinions. If you agree hit the like button, or you can share your view.
GOLD WAIT PULLBACK ON 1150, pattern confirmation and go long
This chart shows overall gold trend and has resistance and support levels that I believe it'll be hitting on it's way higher. $1595 by 2nd to 3rd quarter 2017.
Up trend continuation... *DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades...
Target for Gold price after FED meeting assuming no hike and appreciation off the absence of raising interest rates going forward.
Expect a momentum breakout, once it starts to run do only very shallow pullbacks on its way to 1260. Possible within 2 days
XAUUSD After breaking the pennant, we can expect a pull-back to the previous resistance. Buy at: 1245.00 SL: 1236.00 TARGET: 1300.00 (length of the base - orange line)
A bullish bat could be seen forming on gold. With fib levels retracing at 61.8% and various support regions surrounding the area. It is a vital area of interest for gold to move back up. If we also look at RSI levels, bullish divergence could be seen forming, as well as an very oversell RSI levels.
Since its high close to 1800, gold has been steadily gone down. The current level puts the yellow metal almost half of its peak and someone is betting big its the bottom. 1067 has shown to be the Alamo of gold traders: not away from danger but a standard for the rally point. Strength and gain in the face of a similar story for the dollar shows how forceful the...