gold parallel channel after biggest decline gold is rising again in parallel channel . lets see whats happen on Monday
Goldintraday
GOLD Is Setting Up For Massive Rally - Don't Loose GuardGold is in Wave 5 of the major advance as I've already discussed in the higher timeframe post I published 3 days ago.
Kindly find the related idea links to read full articles.
It's setting up for wave iii of (iii) of 3, and this usually the wave that drives the price so rapidly according to Elliot Wave Principle.
So keep eyes on it! Don't lose guard!
Best of luck on the chart,
Veejahbee!
Gold futures GD sell opportunities from monthly supplyGold futures GD sell opportunities from monthly supply imbalance located at $1310.The exact same look for XAUUSD spot market and XAUUSD CFD. There is a very strong monthly supply level that was created after a very strong drop in price last April 2018, almost one year later price has returned to it.
The supply and demand technical analysis and basic core rules do not allow to buy when a bigger timeframe supply has gained control. No longs are allowed. Potential shorts in the form of new lower timeframe supply levels can be formed on the way down which can provide us with new short trading opportunities on Gold futures and related assets.
As of writing, the yellow metal is trading at $1,304 per Oz. The dollar index (DXY), which tracks the value of the American currency against majors, is currently trading at 96.42; up 1.3 percent from the low of 95.15 seen on Jan. 31.
We don’t need fundamental analysis in order to make a trading decision when we analyse the markets using supply and demand imbalances. We can see that Gold futures is out of balance with a fresh monthly supply zone in control. It does not matter if JP Morgan is bearish or bullish on gold. Analysts at JP Morgan believe 2019 could turn out to be an asset-reflation year, courtesy of the Fed’s dovish shift. As a result, classic safe-haven assets like gold could remain under pressure.
We just don’t pay attention to what analysts have to say about Gold futures or any other asset. strong monthly supply is in control? Short bias
Gold continues sideways behavior in a triangleGold continues sideways behavior in a triangle. Gold is completing a combination correction, wave (a) is a double zigzag , wave (b) is an expanded flat and wave (c) is going to be a triangle with two sub waves to go. The price extreme has occurred at 1187 , a price below the support of 1187 would tell that my labeling is wrong. Happy trading.
GOLD - Trading scenarios.Hello Traders! Very interesting moment!
Possible scenarios for XAUUSD.
Bearish GOLD -
1. Potencial Double Top forming pattern.
2. Potencial Bearish A Gartley.
3. Potencial Bearish Dragon pattern.
Bullish GOLD -
1. Potencial Bullish Gartley pattern.
2. Potencial Bullish Bat forming.
Let`s see.
Possible targets on the charts.
Good Luck! ;-)
GOLD intradayWe will Buy XAUUSD above 1297.42
And Sell at break below 1289.59
Two possible ways.
Possible targets on the chart
Trade Care!
GOLD intradayWe will Buy XAUUSD above 1294.14
And Sell at break below 1282.06
Two possible ways.
Possible targets on the chart
Trade Care!
Gold day viewGold is the lower boundary of the channel.
We are waiting for a rebound or break down.
Let`s see.
I will comment on the idea, as events unfold
GOLD - Continuation Long?Possible intraday scenario for XAUUSD
Targets on the chart.
Alternative scenario on the chart.
High risk trade!
Thank you for your attention.
GOLD - potencial Flag ? (intraday)Possible intraday scenario for XAUUSD.
Maybe flag (two variants of flag) - ?
Long targets on the chart.
Alternative scenario on the chart.
Possible targets on the chart.
Let`s see.
High risk trade!
Gold intradayWe will Sell XAUUSD at break below 1197
And Buy above 1208
We see triangle Bearish, but AB=CD Bullish
Possible targets on the chart
Trade Care!
