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GOLD (XAU/USD), Trading Plan. As I wrote on the previous GOLD idea, it bounced up from a key level $1282 goal is $1306 Near $1306 could be a great sell entry, because: — It is level from which price started downtrend half-year ago and move 15000 pips down. Mostly market respect such levels. That's why I think about sell from $1306 goal will be 200–400 pips. I will open Sell if the price will confirm it ONLY. After 100 like I will do all updates and will write S/L and T/P points it there will be an entry.
TVC:GOLD
by Yuriy_Bishko
3
Gold dragging up despite economic turmoilGold, as traditional safe heaven asset during times of crisis, has steadily crept up against the backdrop of equity debacle. I think Gold will continue to move up because the stock market most likely would fall in the near future. But from the technical standpoint, although 1250 level has bottomed up with buyers pouring in to hedge against for risk, 1300-1350 stands as major resistance if Gold initiates a major uptrend. Shorting stocks may prove to be a much more profitable enterprise, compared with the toilsome bet on Gold, which has not shown signs of a major bull market.
FX_IDC:XAUUSDLong
by Pento_Investment
1
Gold (XAUUSD) Hidden Bullish Divergence - Moving Up [10% PP]!You can be sure that Gold’ (XAUUSD’) found support back in August and is ready to make a strong move up. Let's take a look at the chart and see why I believe this to be true. Please allow me to entertain you for a few minutes... So, let's get started. Gold (XAUUSD’) Analysis by Alan Masters We start by looking at the main chart above, which is set to the weekly time frame (1 week per candle), let's see what the chart has to say: Let's start by looking at the red line on the chart, this is the moving average indicator EMA500. This line worked as resistance before the 2016 Gold’ rally, after it was broken, Gold’ went up to $1375 in early 2016. On the retrace, the price broke below EMA500 (marked with yellow square) just to bounce back up strong. Today we are seeing the same pattern repeat itself. Gold’ broke below EMA500 for a few months just to bounce back up, and now trading above EMA10 (green line), which is the first step in a recovery from a my TA perspective. The RSI hit oversold on August 2018 followed by a strong bounced. Bullish MACD crossover. Marked with a purple arrow, you can see strong bullish divergence on the RSI. The bounce from support, breaking above EMA10 and EMA500, higher lows and bullish MACD crossover are all supported by hidden bullish divergence on the RSI. We have the NASDAQ, DJI and SPX looking down, while XAU and BTC are looking up. Based on the signals above, I believe that Gold’ (XAUUSD’) will be moving up. Now, If you were entertained, please like and share. Your support is highly appreciated. Namaste.
OANDA:XAUUSDLong
by MasterAnanda
8