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Gold Rally is great But how Far...? Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the current rally and this rally is taking place in one larger degree and not in small scale which means that the consolidation in this degree will also be in that retrospect. The rally is really powerful but do not succumb to the volatility or the movement and to find the analysis in one lesser degree with embedded video, i.e what the gold charts say in daily charts, do visit it here www.mytradingcourses.com
COMEX:GC2!Short
by DineshKrishna
1
Commodity Analysis And Trading Tips - GOLD BUY!! Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is likely to be further bullish, it has retrace its recent significant upward movement and still sustaining above the downward sloping trend line with formation of symmetrical triangle. It has been taking support of 50 DMA & 200 DMA on one hourly chart. Resistance is seen at high of $1240, while support is seen at $1200. On intra-day basis Gold price likely to trade tight range. Indicators: RSI entered and remains in positive territory now, trading at 52.9. Let me know if you like the analysis guys and I will keep it coming :)
FX:XAUUSDLong
by TheBanker
4
Will Gold resume its Bull run?The decade of bull run from ~$260 in 2001 to $1920 in 2011 (6X) on back of safe haven buying and an investment asset class ended with revival in major global indices and on track economies. The 5 years of slow and steady pain from 2011 to 2016 where gold lost 45% of its glittering from its peak might come to an end. We might witness the resumption in the bullish trend on the back of technical setups. The rationale are: * Morning Star - bullish reversal candlestick pattern * Falling channel support * 38.20% Fibonacci retracement of $260 to $1920 * 2/1 Gann fan line * 141% Fibonacci time cycle of 2001-2011 ends at January 2016 * -DI sloping southwards suggesting bears are tiring The above view would hold till gold doesn't breach $1000 and expect the move towards $1450-1600.
COMEX:GC1!Long
by bbrijesh