Kevin_Sailly

Kevin_Sailly

Gold was close above the 0.382 Fib Retracement, and also closed above the Support Line from the Triangle. At least I saw it in that way, from my opinion, I think Gold will keep on going up next week for testing the Resistance Line of the last Triangle. Since we knew that the political situation in USA is not very good right now. I think Long Position for Gold...

Kevin_Sailly

From this pattern, we can collect an information that DXY have potential to retrace. Support at 93.05 should be holding for several weeks. This could be the bottom of DXY. Share your comment below. Good luck and happy trading. Click " Like " if you find this analysis helpful.

Kevin_Sailly

Based on last session closed price. Gold is showing a decline in the 0.382 Fibonacci Retracement ( 1261 ). There is potential for Gold to pullback around the 1250 area. In the other side I saw a reversal pattern in DXY, it's a simply Bullish Harami which is giving a clue for a short covering from DXY. Good luck guys, and happy trading. Click " Likes " if you see...

Kevin_Sailly

Based on last session movement, I can say that the Evening Star is no longer valid. The confirmation candle was close above the last resistance @1258-1260 ( 38.2% Fib Retracement ). From now on Gold will be consolidating above this resistance area till breakout between the new Resistance @1266-1268 ( Lower Channel of Last Symmetrical Triangle ) or back under the...

Kevin_Sailly

A potential for a Short Position "If" it breakout the support level. Click " Likes " if you find this analysis helpful.

Kevin_Sailly

Gold Movement for Long Term Based on the Weekly Chart, I can see a consolidating movement for several weeks inside the Symmetrical Triangle. If this one breaks above the upper channel should bring Gold move to the next level 1271 to 1296, and even higher for a long time. Click " LIKES " if you think this analysis useful.