Goldbuy
GOLD IntradayAn important resistance level was reach at 1587, where seeing hold right now.
We expect correction within this day.
Initially the price could reach $1581. If we see break below these levels, it'll go to $1576.
GOLD BULLISH run updates!!(1hr)Congrats on our previous massive buy from @1556 on previous analyses on desciption below, Now we seeing our pullback and retracements before the bullish continuation. NB:Once trade breaks 1568 downwards then sell down to 1560 then we go buy long again respecting bullish trendline otherwise a pull up from 1568 parameters - 1584. Please comment, like and share your ideas on this particular pair too. thanks!
GOLD trade plan(BULLS READY TO TAKE OVER)Sell short, Buy long!!!Welcome new subscribers, Feel free to relate with my trade analyses.. Update me on your running positions. Thank you. So Congrats on our previous sell.. We quite back to our major supports, so we get ready for our buy as bears exhausted hence support isn't broken, But before that i see the market range around 1545-1560 before the spike up, NB: As long as supports isn't broken then BUY!! As usual we minimize our risk and maximize the profits. Please comment, like and share your ideas on this particular pair too. thanks!
Gold Go Up.Gold is approaching the support.
Looking for a candlestick bounce closing above the support for good buy.
Gold is going upGold is in buy mode as US impose 17 different banns on Iran Steel mils and Textile mils. Further more on H4 Chart, Gold is making Head and shoulder Pattern which also indicate us for further bullish move.
Gold: Too Early for a Trend ReversalI was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator bases on the fact that volume precedes prices. Divergences between OBV and price could help to identify a trend reversal (and they are a strong signal).
In the chart, I graphed the positive trend in green (starting from December 2019) and the recent retracement in red (last two days). OBV indicator is still high (showing bullish strength), and there is no divergence with the price level.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
