The combination of a shooting star (on an upward trend) combined with a red volume, signals a short-term reversal.
GOLD has broken above of the triangle it was trading in, and is now accumulating momentum for a surge up. The risk reward is huge, and the trade is simple and beautiful. The stop is just below the consolidation support line, and takes are at the resistance lines. You can always take your 1:1 risk reward first take, but no more that 1/3 of the position. The...
There's a few indications for us to be bullish on gold: Price is supported on the daily level at 1455 range The selloff on gold is slowing down Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars Once offers have been exhausted, we should see gold soar from a series of covers and new entries
GOLD Bull will be super active in this upcoming phase..........hopefully a BIG BULL MARKET for Gold is here....
A Dovish FED Seeking to Cut Rates. A Channel up identified with price gaining bullish steam after FED signals a rate cut with a dovish outlook towards the Dollar. USDCAD gains a fundamental push backing price swings toward hard weekly resistance of 1.35200. From a technical viewpoint, USDCAD sees verified support at 1.30450. Currently in a range bound zone...
Gold has completed a zigzag from the bottom at 1265 and has also completed an "x" at 1272 wit a sharp leg down , the structure is still corrective, the upward target is 1290, please note the next leg up is expected to be a zigzag
Its no doubt that Gold is bullish in a longer term view, however for those of you who prefer a greater risk to reward ratio it might be favorable to wait for the yellow metal to retrace towards the 1270.00 level before executing a LONG trade. Have a look at the main chart, where the steep upward channel has been broken and pierced the daily 50 EMA and currently...
So the bearish ending diagonal in 15 minute chart is over , which is also the end of complex flat on 2 hourly chart. The Bullish trend has resumed, at least we are going to test the top of the sideways corrections from last few days ; 1210 . The price action at that juncture will lead us if the prices are going to continue up or not.Have a good one , keep an eye...
The long awaited pullback in gold is in the making.. !! There is still a bit more room to the downside but I don´t see gold falling below 1,240/1,250 USD anymore.. The perfect buying spot is getting very close... Our patience is paying off.. get ready to load the truck!
Gold has a bull flag pattern in play, first resistance is here at 1350.
Looks simple in and out. Let's see how it plays out (;
Gold did indeed continued its correction and reached a low at 1,260 USD on Friday the 6th of October. I hope you followed my advise and went long below 1,265 USD, cause since then a strong recovery is on its way and gold is already back above 1,300 USD. Yet the big questions whether this current up-move is just a wave B type recovery or in deed the beginning of...
Two scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are...
Gold Daily chart - Expecting major bullish moves on gold technically and also due to dollar weakness
As expected gold continues to trade between 1,200 USD and 1,300 USD. The recent strong recovery from 1,215 USD up to 1,295 USD just two days ago was a bit surprising as we´re getting close to the FED meeting next week and seasonality is not really favorable in spring. But gold is showing more and more strength and has already been breaking out above its...
Multi-month agonizing sideways consolidation in FX_IDC:XAUUSD continues. Main scenario: Gold can hold above $1,300 and will soon start the next leg up towards $1,415 - $1,430. Worst case scenario: Gold is breaking the trend-line and corrects towards $1,262 - $1,295. That would be a great buying opportunity. Only below $1,255 new bull market gets into serious trouble.