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GOLD DIGGERS1295.74 area is a strong old resistance and could be tested as new support, We will manually enter this trade as a SELL but only down to or new support level, and we have set BUYn order for the retest of this level. We should see price push higher to the upside after this retest, our reasoning behind this trade is because the buyers ( bulls ) were strong on Friday before market close pushing the price up and smashing through our resistance and we don't think it is done yet, it still has more to give.... like a sugar daddy to his little GOLD DIGGER ;p Price also broke out of a ascending triangle last week ( our blue trend line and our green resistance/support line ) and pushed lower as we predicted but then price got exhausted around 1276.64 and some candles with longish bearish shadows formed, this was an indicator that sellers ( bears ) had got tired and bulls ( buyers ) were about to take over.
FX_IDC:XAUUSDLong
by Apex_Gregg
4
Whats next for GOLD?From the above chart you can see we have drawn on a few key support and resistance levels, circled in yellow you can see all the points where price tested these levels and bounced, this proves these levels are strong. Most recently price broke 1287.987 support levels and closed below this level, we can see a possible retest of 1279.565 as this is the next key support level. Also price broke out of a 4h wedge that had formed to the downside ( you can find this analysis in our FREE chart analysis Telegram group ) If you would like to join our free group then please follow the below link or inbox us if you are having problems. t.me/freefx3
OANDA:XAUUSD
by Apex_FX
Gold resistance must be respectedAs we can see we have a really well respected resistance level on a high timeframe, this must be respected, We are expecting a bounce and a bearish move off this level as the US economy is strengthening again the gold prices will go down as when the US economy weakens people invest in gold as its a " safe investment " but when the economy strengthens people sell gold investments causing the price to drop. Entry SL and TP are reserved for our clients and will be sent out once the trade becomes valid. If you are interested in joining our team then message us and we will give you a 2 week FREE trial to our VIP group.
OANDA:XAUUSDShort
by Stocks_And_Forex_Mafia
Gold support and resistanceAs yo can see gold has been really respecting support and resistance ( purple circles ) We are expecting the price to push lower and retest our support again, but not before confirmation, a lovely bearish candle stick is forming at the minute which is in our plan, but we will wait to see how this plays out before sending the signal to our clients. If you would like to join our team then just message us for a friendly chat to see how we can help you achieve your goals.
FOREXCOM:XAUUSD
by Fab_Forex
GOLD IS GIVING YOU ANOTHER CHANCE TO SURVIVE WILL YOU TAKE IT?Gold and silver made a volatile upward move as the dollar dips after dovish comments from fed chairman powell,Powell told the Economic Club of New York Wednesday that “interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy.”The dollar index falls by around 0.5% where Gold and Silver prices bounced back up in a volatile manner where we witnessed gold prices to soared from $1212 to $1226 in minutes,silver followed howevers it took seconds for gold prices to went back to $1219-it doesn't mean it can't go higher than this-This month we have seen some boring sideways movement where prices plunged then made a corrective rally, this is a part of the cycle-however this won't last too long Please note-when analysing the precious metals market we try to be as objective as possible without getting attached to our positions,and for now it seems nothing has changed fundametally or technically than will affect gold and silver prices over a medium and long term,these short term moves don't affect our long term outlook for the market most important fundamentals -Reports suggest that due to cybersecurity risks U.S is thinking to take some harsh action for a Chinese technology firm and may even suspend this firm for future trades which implies that The U.S- China trade war has no improvement-(Many investors and portfolio managers was looking into this matter especially gold-bulls as improvement in the U.S-China trade war would have a major impact( Bullish ) for precious metals sector.U.S. President Trump and Chinese President Xi are scheduled to meet face-to-face in Argentina next week Existing positions Currency Pair: XAUUSD -0.61% ( Gold -0.74% ) Sell Stop Entry Price:1220 Take Profit: 1180 Stop Loss:1240 Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 4000USD Risk/Reward: 1:2 (we can adjust (limit, close or even reverse) the position before this price level is reached) Should you require any more information don't hesitate to contact us. Many regards, Short term Trades Currency Pair: XAG -0.83% .USD( silver -0.21% ) Sell Entry Price: 14.500 Take Profit: 14.000 Stop Loss: 15.00 Capital Risk: 2000USD-(amount may vary depending on your account size and risk tolerance) Potential Reward: 2000USD Risk/Reward: 1:1 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by NeerajPandey
GOLD LONG-TERM ANALYSIS TO CONTINUE 'SHORT'Looking at the long-term analysis on the 1W view of gold, it looks like it is headed downward still. At the moment it is on a retracement up and not to be confused for trend reversal as i do not believe market is reversing just yet until it hits either/both of the 2 horizontal lines in my chart. 1st yellow line at 1130.71 here on tradingview 2nd yellow line at 1056.57 here on tradingview As platform prices may be different, I suggest setting alerts for both lines here on tradingview and once the alerts go off, then you know it is time to look into going in on whatever platform you trade on. Please remember to look at what indicators are telling you if you can understand some, as they would likely help you determine a suitable entry point. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the posiblity to hedge yourself, for more confident traders imo -0.06% . All comments and questions welcome, if curious about indicators I use then feel free to inquire.
TVC:GOLDShort
by Dani0
5
4H looks healthygold rejected the 1220 resistance forming a shooting star, however, the RSI is not overbought and present a strong bullish divergence. this to me means there may be a pull back to 1208-1210 which is the old resistance turned into support. it bounced off the BB bottom which is an expected reaction. the green candle that a surge from the last price action, suggest that bulls are now in control of the market, we have seen a similar action back in july when the price surged of 20 dollars in 4 days to then drop down, however, in my opinion, this time the conditions are more favourable, with a strong bullish divergence and oversold market conditions. also, the green candle forms a bullish engulfing (even if the shape is not ideal i still considered it valid). i believe there will be a pullback at 1210 to then take over the resistance at 1220. chart for educational purpose
TVC:GOLDLong
by CFcryptoTA
GOLD daily frame suggest a bounceGold daily frame looks good. There are different signals suggesting a possible reversal is in play. we have a piercing pattern formed by last candles. gold clean break the resistance at 1210 provided by the hammer back in july and we can expect it will turn into a support. The oscillator all present a strong bullish divergence with the rsi squeezed between the new support and the 7 month downtrend resistance, good sign of an imminent bounce and break out.Bullish cross in the stoch.Both disparity index (26&14) present a bullish divergence in oversold conditions. The bottom of the BB has been punctured which is usually followed by a consolidation or bounce. the price is currently fighting with the tenkan which is first gold resistance and my target at 1220.My second target is 1231 which is provided by the kijun and 50 EMA both strong resistance. My final target instead is1243. Every time a target is hit i will look to take profit and readjust my strategy to check if any relevant sign is presented by the market. my stop loss is at 1200 to avoid any fake out. i expect a retracement to 1208-1210 in the next couple of days to then bounce from the new support. Always do your own research, my charts are only for educational purpose.
TVC:GOLDLong
by CFcryptoTA
gold weeklyGold. It looks like a similar situation to December 2016 is unfolding. there is a TK bearish cross and a death cross of 20 & 50 EMA which suggest the continuation of the dowtrend. however we have some sign that a reversal may be coming. A bullish divergence can be spotted on the RSI which is currently under 30 (oversold) . Stoch is extremely oversold and bottoming out for 3 months, the longer stays in this condition the more imminent a bounce will be. right now we are sitting on a really strong support dictate by the old piercing pattern (30/05/2016 & 10/07/2017), senkou span B cloud support and fib 0.5 support level. next week will be important to understand whether we bounce or consolidate. if it breaks this support it will likely drop down to 1190. another sign of a reversal is number of record session gold has reached. it reached 7 record session, in December 16 it reached 6 and than formed a doji culminating in a sharp bounce. Looking forward to see what it will happen this week.
TVC:GOLD
by CFcryptoTA
2
GOLD ascending triangle, aggressive long entryGold has been forming a ascending triangle since beginning of 2016. It is currently sitting on support of that triangle. Note that this is a aggressive entry as it is possible support will not hold. A safer entry would be when it breaks out upwards from the triangle. I will be opening a long trade here with multiple take profits along the way. Last take profit at upper resistance line on the chart. Stop will be placed under the last arrow. Disclaimer: This is me experimenting with trading and sharing my charts. I am not a proven profitable trader so take that into account. If you have questions or advice please let me know.
TVC:GOLDLong
by Timeisaflatcircle
1
Gold retraces after massive selloutWarning: This is an aggressive trade… Left chart: A very strong upward support trend line since July 2017. We found gold can possibly retrace back to 1294 (near the blue upward trend line) or Fib Ret 23.6% (1298). If this happens, we may have an alert for a bullish MACD divergence. So we called it as PRE-bullish MACD divergence. On the other hand, Ichimoku analysis is still in a bearish structure. We found chikou span hooked upward, and the Tenkan-sen and Kijun-sen overlapped, and the price lies the bottom of the red cloud atm. We may expect it is a very strong resistance. The retracement may finish somewhere near 1292.43 Summary As there are no confirmation of bullish candlestick patterns, we seem like bottom fishing gold now. All the best !
FOREXCOM:XAUUSD
by SoloTraderAU