Gold breakout loomingGold playing out true to form following all trends bang on. Moving averages are all tightening, breakout in the next 7 days is imminent.
Resistance @ $2,075
Support @ $1,818
GOLD/AUD
It's time to buy goldAfter the pullback on VWAP i'm waiting the confirmation by testing the the VWAP to buy gold
Gold (AUD) weekly chart- Up ChannelGold (AUD) weekly chart- Up Channel
With partial rise, and threatened downward breakout.
thepatternsite.com
GOLD SWING TRADE 07-Oct-2020The GOLD has lost its bullish ground on yesterday as the Economic stimulus
talks went in vain and USD got some major bid And gold has reached 1875.00 broadly
And its in retracement phase and we are expecting that it might reach the 1896.50 or
1900.00 level and will go bearish as this levels are the strong resistance for the bull
SWING TRADE - GOLD
Sell @ 1898.00
Take profit @ 1852.00
Stop lose @ 1922.00
Don't risk more than 1% of your capital
Gold Analysis 27/09/2020 - UpdateAs you can see I took an entry based on different confirmations, however this analysis played out to a tee, price broke below support, created resistance on lower timeframes before selling down to our daily support target of 1850. This was a 87 pip trade with almost no drawdown. My students and I entered at 1864.25 so for we caught around 142 pips. A great trade to start the week.
Gold , xauusd analysis update Gold analysis update, A bullish correction for the descending wave
Then the landing is completed by another downward wave.
gold idea - 2300-2400 ??... weekly chart - long term viewgold weekly chart showing diffenrent way to use fib to calculate
2300/2400 is or tgt upper channel line
ABC or 5 wave ..... w3 of wave c or coud be wave 3.. one more leg up to complet wave 3 or wave c. then will eye for retracement weather wave 4 or wave a of retracement
check the channel lines how it giving support / resistance
A Fuzzy Cluster of Buillish Probability Bullish Momentum Overnight to thrust Gold upwards to the downard trend line. Worth noting tgat this downward trend line will only offer a mild resistance and the possibility remains for Gold to see all time highs once again in the near term should the trend be breahed.
The Big Short, Just like the movie... Update #2 WOW, Today was a GREAT battle between the Bulls & Bears! After great success with the start of The Big Short I got caught in the crosshairs of this great consolidating battle being tugged back and fourth, Stop loss after stop loss. Finally i just had to take a step back, Breathe! Go for walk, Open your eyes. Let the battle commence whilst you sharpen your sword and get ready, Get ready for the war because the battle is just temporary. After a short break I re enter short but so the battle continues until finally...A bear, small little red bear just pops his little head out from under the bull and pulls its legs from underneath it with one big ROAR! And with the roar, A Big Bearish Flag to assert its dominance. Letting the Bulls know, We aint playing! And so comes the 2nd target of The Big Short 1850, 1800. Like i say this isnt over for the Bulls but for the meantime Bears are clearing the smoke and showing the fundamental median price value of gold behind the hype.
Continued year by year growth, 2008-2011 crisis, BIG Bull Run, BIGGER Bear Run, Year by year growth, 2019-2021 Crisis, BIG Bull Run, BIG... Bear Run... To be continued. For now B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction or certainty, Please do your own analysis and use the correct risk management.
'' PS... Learn to master your emotions, Once you get greedy, You start loosing. '' B1GFUDG3''
Only Safe To Long The rise in gold is being driven by many deep market factors. There is a strong drive to industrialize by all nations, there is a space and technological race developing between nations, also covid is accelerating this trend with fiscal stimulus from all nations. New (millennials) and life long value investors (Baby Boomers) are converging in a self supporting trend. There are many forces driving this trend forward, too many to mention, but this is a terrible time to be anything but long on Gold, it's next to impossible to predict a bottom or even a leveling out in these conditions.
Updated- GOLD (AUD) daily chart. Still in UpTrend for now. Updated- GOLD (AUD) daily chart. Still in UpTrend for now.
The Big Short, Just like the movie... Update #1And so it has begun, The smoke is starting to clear and the real value is appearing in the background. I see it dropping further to 1900/1800 before levelling out into a range bound market. Lets see...
BIG DOWNSIDE IN THE XAUAUDStoploss well above 2874 and take profit 2763. Use proper risk management.
Enjoy the pips.
