Big Overview for GOLD , possible head and shoulders forming, feel free to take ideas, i'm not personally right now in this trade i will wait for more confimations, i will keep updating the analysis,
Wait for a new trading opportunity and Be carefull outhere ;)
On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up.
Trading Advice:
Risk: Start with a small buy position, add more at the support or when the upper range has...
Gold futures are well supported from buyers on deeps this year. We are betting on continuation of the current bullish sentiment and initiated a trade with Reward:Risk ratio of 1.02.
Buy Gold at 50% Retracement of Daily Bullish Pinbar formed at weekly resistance (look at weekly chart and zoom out, left hand).
SL: A few pips below Pinbar Low
TP: Next Major Weekly Resistance
Probably gold is heading to complete harmonic pattern aiming for zone 1 and if break it will extend to zone 2 so its good opportunity to buy from these zone my analysis was on daily chart timezone gold US
When all the stochastics converges to same points in either OB or OS area, market reverse its direction. Check the graph and time to go long in Gold now.
I believe now is a good entry for gold. Especially when the Crypto market is taking a huge beating right now it is a good idea to hedge into gold long term. This is a bag trade. HODL.
Can price hit 1214.87 before getting long?
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
at about 1230 area, a bullish pattern will complete and the price is on the trend line and touch the trigger line of the pitchfork so it's strongly possible to support
Gold Trading around 1251 level where Strong support seems 1240 and bottom at 1236 level. If Gold hold above 1240 we can see a jump toward 1268-1280 as Silver also supporting.
Advice to buy in range of 1251-1242 sl 1234 TP 1280
Hi Guys,
I expect a reversal soon! Looking for a trade to the upside to test the orange line. Buy the breakout.
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Hola chicos,
Espero una reversión pronto! Esperando hacer un trade alcista para testear la línea naranja. Comprar el breakout (ruptura).
Carlos
Surprisingly after hitting the Invalidation mark Gold is moving up as previously expected.
Currently I'm out of the market and waiting for confirmation but this is indeed a very interesting situation.
Theoretically Wave 3 can not be the shortest, in this case it is shortest by 2-3 ticks, it seems that this small difference is being ignored by the market given the...
The GOLD market has moved north since second half of December last year. These increases are significantly less dynamic than previous falls, initiated by results of last year’s presidential elections in the United States and are moving within a growth channel.
Although, as a result of the last growth impulse, at the beginning of June this year market for the...
The GOLD market has moved north since second half of December last year. These increases are significantly less dynamic than previous falls, initiated by results of last year’s presidential elections in the United States and are moving within a growth channel.
Although, as a result of the last growth impulse, at the beginning of June this year market for the...
Gold seems to have reversed near the earlier mentioned invalidation level around 1241.50 .
As of now it seems to be moving for a Wave 2 retracement near the red support region.
SL is still to be kept at Invalidation level.
I will update further as this market progresses.
