market is currently trading inside a descending triangle. if bears break 1294 level, the market will most likely reach 1289 support level. 1285 is a good level for the second target!
almost completed bearish cypher on gold. Entry - 1301 T1 - 1298 T2 - 1296 Stop - 1304
Fundamental View : =================== 1. The precious metal lacked any firm directional bias on Tuesday, albeit continued showing some resilience below 200-hour SMA amid the prevailing risk-off environment. 2. Oscillators on hourly charts have been gaining positive traction and also recovered from the negative territory on the daily chart, supporting...
I am NOT a Gold bug, but the chart is starting to look OK. I want to see the Commitment of Traders report tomorrow from the CFTC to see if "commercials" have started to get long, before really jumping in long.
Gold continued to trade in the defined range similar to the previous week ending with cuts of more than $6. The week saw gold getting battered towards the low again as the Fed’s policy outcome was dovish for the dollar. The week again has important fundamental news majorly the U.S – China trade talks which is presumed to be at the last level of round of talks....
GOLD Breakout 1270 level now touch 4 month low support zone. gold breakout daily 200 ma 1274 level and GOLD touch another support zone weekly 200 ma and 100 ma 1265 level break this then touch 1260 level . *** So GOLD buy position is 1258/1250 Area this the best opportunity for buy GOLD target 1274 / 1284 level . News: ====== 1. Wednesday’s not so dovish...
Gold breaks through strong support region, pushed down by positive macro news flow as predicted in my previous post. This completes the descending triangle pattern, was a reversal The support region marked could be changed based on more news flow, will be updated regularly. 1.) More positive earnings surprises will likely follow 2.) Positive trade news is more...
Pattern: 1H Channel Up, Higher Low at 1320.54. 4H Support at 1315.86. 1D Resistance at 1326.24, 1D Support at 1302.35. Signal: Bullish on the Higher Low and 4H Support. Target: 1350.
HERE a formation has almost done for this formation we can put sell limit order and stoplost and tp , the details are written on the graph with the red colour .... enjoy trading , wish you a great profits..
XAUUSD short @ 1210.65 SL: 1214.40 TP @ 1180.64
Exact center of the Square of 144, time and price squared exactly at this value area, intersection of the major 1x1 angles in the Square of 144. June 22nd - June 7th Gann season and day count dates. Supportive buying conditions on the weekly chart.
Today, the idea is to stay bearish below $1,306 with a stop above $1,309 and a take profit of $1,290, whereas, buying is preferred above $1,289. All the best!
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Gold finally broke the trading range it had been into from many weeks on the downside as it slid past $1300 comfortably and posted a nearly $20 weekly loss. This kind of movement was getting over-due and a fatigue was kind of setting in when the price action was taken into account. Fundamentally the events did not favor the rising prices thus allowing it to breach...
Log position at Gold! You can wait for the price at 1325 1333