MR_XAU

MR_XAU

We see price had a major rejection at 1335.00 ( at the first gold cat) We can see price wicked down very hard at that level. Took a look at the yellow line. we see price move lower to 1328.86 ( the yellow line) and price closed lower than the pervious candle. and sellers secured profit at 1321.32. If you look to your left at the gold house we can there was a...

MR_XAU

as you can see price made a double top. it hit 1365 the highest and inched down lower near 1361.00 its now heading towards the support of of 1331.37 zone and could head down to 1307.00 in the few coming days. would like to see how these candles play out to make my next move. that 1365 zone is an exhaustion level of buyers. They were dominated in that session by...

MR_XAU

if gold closes above 1344.12 it should move up to 1363 there is a major support level around 1333. And 1336 a trend link break out is also happening on a very high time frame so 1363.77 may be a solid take profit for 200 pips but I will continue to hold even longer on the weekly until 1380.

MR_XAU

Gold rallied to its highest level since August 2016 of 1368. The dollar (Gold inverse )rebounded in response to commentary from President Trump.Comments from Donald Trump helped turn the dollar around and encouraged investors to sell gold saying he wanted a “strong dollar”, contradicting earlier comments made by Treasury Secretary Steven Mnuchin. That got bulls...

MR_XAU

Gold could hit 1380 it broke the 1344 line making a new high and now it has broken 1355 and closed above 1355 on the 13 hour chart. the main trend is still bullish there is no signs of bearish sentiment at all. and price has been fiddling around 1364 for the past few hours or so if bears were going to come in they would of already came in at the 1350 1360...

MR_XAU

As you guys know when spoke about this trade it was around 1327 and 1333 we are now heading to the 1360 zone. Price is trading above the 1344 zone on the 8 hour chart! and is extremely bullish. if price closes above the 1344 and stays above 1340 zone we can still price go all the way up to 1360 which is another 120 pips. if look at the golden lines at 1324...