Gold-OZGold-OZ It formed Round Bottom at Monthly view & in day view triangle pattern. It can go in either ways. It is struggling to break the Round bottom levels.
Disc- Only for learning Purpose.
Goldoz
GOLD US$ / OZ TECHNICAL ANALYSIS Gold has been started gain last month and if we look at the last year September, gold lost value last year between September till March. Since March till now little bit gain but still couldn't reach last ATH $2038. MA crossed each other and if change the directions in weekly chart, it may gain more. The candles are still in the triangle. We got buy signal on may and it hasn't change to SELL signal yet. The candles already break out MA line but it has to be open-close completely above the line. We need to careful in our trade at the moment but need to follow our chart as well.
"NFA"
GOLD cup and handle Another chart for gold,
We have a cup and handle on gold as you can see. To finish the handle, this can take more then 1 or 2 years. Shortterm, we can go lower or sideway, if you investing on longterm, there is no reason for panic.
I got the Same cup and handle chart for silver, look at it.
This is not an investment advice.
GOLD Long possibility after retesting the monthly Strong SupportGOLD Long possibility after retesting the monthly Strong Support:
Here you will find a more detailled analysis to the previous and futur actions in GOLD!
** Instructions: Always for a good confirmation to the breakout (A reversal signal or a good break signal)
** Two candles in 15M are very important for a basic level (Begainer) to decide.
Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long)
As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
GOLD long breakout: retesting the local triangle (Short-term)GOLD /USD Long position after confluence, Triangle breakoutPullback:
retesting the local triangle upside: Short-term analysis
- GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%)
As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on.
** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE!
**Instructions:
- Always wait for a reversal signal or confirmation before take any trade.
- This is an idea to help you make a decision.
GOLD SHORT: Triangle pattern and trading range after breakingGOLD SHORT Triangle pattern and trading range
after breaking up gravity support Trend-line
