In the screencast I show how it is simple for me. Why? Because I'm not in the business of prediction. All I know is what my acceptable loss is, where the trend is and that's about it really.
forming a triangle after main downtrend. its time to break the triangle. if it breaks 1190 then waiting to see the lowest price of this year..............
Gold Still In down Trend Make Lower High And Lower Low If Break 1218 Level than Break DOwn trend And Start Up trend other Wise Selling again and again 1295 /1205/1210 level Good point Selling
Gold is currently at a 13 month low and key indicators are starting to show a potential trend reversal. On Balance Volume is showing a divergence over the past week. OBV is a key momentum indicator and divergences in price and indicator usually provide a reversal signal. MACD indicator is a common divergence indicator and is showing clear divergence. Also, it is...
Trend line might give us a golden support right at this spot. So we could call it a G-Spot;) May the markets be with us
FX_IDC:XAUUSD Potential XAUUSD long set up. Both trend lines are beginning to squeeze. This began forming roughly 22 months ago. Long time i know. Once this breaks the triangle to the upside I believe it will fly. We also have the 800 EMA supporting us.
When compare Gold and Bitcoin graphic for last 7 years, I found same trends, same support point experience. So, Bitcoin can not go over 12.000$ and can not go down below 7.500$. This is my idea.
Price is trying to recover after bearish trend.
Early next week we will have a short drop possibly back to 1330. After that we can expect massive support with a target of 1350. If 1350 will break we will head towards 1400. Just my little forecast for the next trading days. Please let me know if you agree. Otherwise feel free to drop your sight of the view. Have a nice Weekend!
1295 level is critical. What we saw earlier this week is either a firm break-out to initiate a rally or a false break-out. Recently dollar weakness has been the driving factor on the trend of gold, so will continue to be in the coming weeks. No doubt today's US data has to be regarded as really firm data, NFP to follow. In case we see also a strong NFP data on...
Alamos has just broken a year old resistance. Gold price is pretty up, earnings were also better than expected. If this holds above, the stock might fly.
Gold is still following the clone perfectly and has just broken the 300h EMA which I usually use to establish longer term trends, The next buying opportunity is around 1226 at the bottom of wave C of the correction. It's possible that it doesn't reach 1226 so I may buy higher up if the correction appears to have been completed
The YEARLY TREND of $XAUUSD or Gold is still in an uptrend from a massive, 17 year mode at the $395-$398 zone. The 26-year sideways period from 1979-2004 had 17 years at a $3 price level between $395.3 and $398.3, which is a remarkably long time for a market to stay at one price. Once a market gets moving out of a range like that it tends to go for 17 years in...
Gold Cypher Pattern For Buy Setup
Gold is about to finish an ABCD Pattern and reaching the Downtrend trendline right on the 1618 fibs ext with a confluence of the 61.8. We can see a retest of the low before a big move up.
This chart provides a general view of what gold does right after the new year has started. For the exception of 2013, all new years start with a move up. The dates are marked in yellow vertical lines and the bottom price to the immediate top is in red numbers (1000-1200, example). I have not marked the immediate top as it blocks the important date and start of...