GOLD TRADE SETUP FOR NEXT WEEK GOLD as i told in last anlysis is moving up and it will still continue its upward trend on monday when market opens you can enter on buy with small lots and keep margin of atleast 200 pips because it may retest its resistance and its buy target will be 1772.
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Goldbuy
BUY OPPORTUNITY FOR GOLD
GOLD
I think that this is the logical scenario now.
With the release that Gilead`s vaccine doesn`t work very well, there is no positive sentiment on the market.
Gold for example show`s us, that there is a risk for the economy to collapse more with his price which goes north.
I bet that with aproximately 26 000 000 jobless people searching for help only in the US there will be no fast recovery
how some of the big banks expected.
Stay home, make money and don`t inject disinfectant in your body
Have a profitable crisis
GOLD (US$ / OZ) Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Gold retraces to 1,680 level for potential rally
Gold sold off last week as optimism was present in the equities and futures market.
Specifically, investors remained optimistic of the progress with the development of a coronavirus cure.
long-term upside on gold still expected given the US stimulus plan.
Possible long re-entry.If you had closed your trades early Thursday now may be a good opportunity to continue riding the trend. Based on today's analysis a significant movement may not come until Tuesday or Wednesday so it is strongly advised that you wait for the buyers to breach and hold a new higher high before entering the market.
here are the readings on today's market
Strong: JPY, EUR
Weak: USD, AUD, CHF, CAD, NZD, GBP, Oil.
XAUUSD GOLD Weekly market Overviewgold still going sideways ,been a very boring last week, a couple of weeks actually ,on gold not much is happening and I'm still having the same
idea,last week we saw that the range was very very narrow and it was untradable so the market broke lower retested and put another low but there was no continuation to the downside so we saw the price pushing back up ,all in all I still see the 1642 as a possible resistance up there,the 1550 is the support so these are the levels to play for now until we have a break out of the resistance,those are the levels you need to keep an eye on.
***Comment your thoughts down below!
GOLD | Crazy ideaGuys, please hit the like button, and write any comment, this will be the best thanks from your side.
Most analysts predict an even stronger correction in gold. However, my markup suggests that the current correction is almost over.
Also, look at an entertaining picture. I compare the behavior of the price of gold in the crisis of 2008 and now. In 2008, the price fell approximately 250 points and the correction lasted 14 days.
It seems to me that we are now in a similar situation: 14 days of decline and minus 250 points.
And let everyone draw conclusions for himself
GOLD Retest 1515 + potential brakeoutMACD crossed 0 + becoming less red, could be the start of trend reversal
RSI and Stoch RSI is LOW
Gold Bounced Twice from 1450, also the last candle is a green spinning bottom candle + engulfing candle.
So is more likely to retest 1515 resistance line + potential brakeout
so potential target could be 1561.
Depends on how interact gold on 1515 resistance line.
You could open a buy on 1515 after a breakout and pullback.
so your risk reward is 1:4
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Legal disclaimer: I am not a financial advisor.
You trade at your own risk and nobody can guarantee you results.
Upside potential on GoldThere'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 is in Bullish trendGOLD
After reaching the major support zone 1450.00 the buyers got some strength
the trend line has broken and pushed the price higher towards 1550.00
We can expect short term fall back towards 1504.00 level
From this point we can open long positions and the potential take profit will be 1596.00
Stop lose may placed below the 1495.00 level
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