xuausd next movements assumption I dont know when will the gold touch 1310~15 this support area . if gold stop fall down around this area i believe gold will pull back to 1330 or more than 1345
Xauusdlongterm
XAUUSD | Ascending Triangle Movement Until 21/09/2016Hi everyone!
As i insistently said in my last posts, speculative movements are occurred under my green line 1. As i said again in this post " I see that after the price had touch to green line 1, a strong movements had came in 2 days and it touch blue line 1 least. " A strong movement had came!
I keep my chart but i have added price labels and yellow arrows for next 2 weeks.
Please note that time prediction is always been hard but i expect an ascending triangle movement until 21/09/2016 which visits my price labels.
In a nutshell when i see 1331-1333 $ i will be "seller" , when i see 1316 i will be "buyer" for next 2 weeks.
At 21/09/2016 the price may suddenly touch to 1317 and then rise.
This is not an investment advice, all these are analysis based predictions and notes for myself.
Best regards.
Volkan ONURSOY
Different perspective on gold.Earlier we were hoping for a short term short knowing that the general trend is bullish.
We took 20 pips in the old trade and we have a new trade setup here.
We have a minor channel embedded in a major channel, I have already bought at 1317 .
I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely.
you can either buy at this point if your a aggressive trader or wait for it to break out the minor channel before making a move.
GOLD Divergence/Wedge/Cypher Patterns SHORTThe chart is self explanatory.
Scenario 1:
- Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high.
Scenario 2:
- Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement levels, instead of bouncing back up, price breaks out the bottom of the rising wedge and the rest is history.
What Do YOU Think?
ANYTHING CAN HAPPEN!
