Gold looks like it's ready for a little pop up to the 121-122 range. would like to see it go above 116 and stay above for a day or two as confirmation.
In this article I will be discussing the long trading opportunities in Gold using the Elliott Wave Principles. As of now it seems that $ Gold is in the Wave C and more specifically it seems like the Wave 3 of Wave C has started which is supposed to be very fast. Two trading strategies can be used either buying above the break of 1240 or waiting for a pullback...
Buy @1230 (+25/-25) SL 1205 TP 1255 Buy @1230 (+60/-25) SL 1205 TP 1290
XAUUSD is meeting now some key levels, which needs to break before next move up to 1250. We can see one more little pullback before move up, but after break channel trendline + resistence and retest, i'm going to buy XAUUSD until 1245-1250. Trade with proper Risk/Money management and caution.
So it looks like my cup and handle idea played out well. We are making higher highs, and lower lows, which is very bullish for gold, yet we are having resistance at the 100 EMA. Once this is cleared, we should move up rather quickly. I believe with 99.99% certainty NFP will beat tomorrow, which will cause an initial drop in gold, but due to the fact that gold...
if break resistance i am thinking this.. we are wathcing.
I have started accumulating my medium-term position in this stock once it broke the down-trend started in August of 2016. I am looking to add on a dip over the next few days (which there should be one), however I am playing this from a more aggressive standpoint. If you're a more passive investor, wait for a clean break and close above the key $4 level which has...
I'm still in this gold long, and thankfully was able to add to my position got ABX and SSRI on the way down last week. Small sell-offs like last week are very common during a baby bull, people tend to get nervous when they see some selling, which adds fuel to these sell offs. The best advice I can give is to review your charts, and trust in your analysis,...
Look for strong resistance at the $25.40 area, with retesting the bottom of the channel. This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).
What if we are in a similar situation from the 2014´s rally ? Let me explain … (Look weekly/daily graph below) Week 27th Jan we had the red candle (quite same period as this one), maybe not than bearish that the recent one, but anyway engulfing one and what happened the week after... 3-4 dollars down and up to test the top of the previous week (20MA). We had a...
This is the year we see a strong break through that resistance level established in 2011. RSI trending up with bull divergence since 2013. I see a 2016 clone-type move for 2017. Will we pause/drop $20 every $80 gain? Yes. But do not confuse consolidation with a bear. The bear market ended in January of 2016. This is a long-term trade.
Buy Gold @1198 SL 1192 TP1 1208 TP2 1217 Tp3 1228
GOLD will make a drastic fly just like USDCAD predicted...
It looks like gold has begun to consolidate a bit before it's next leg up. I went long again with a medium sized position on Thursday, and will be looking to add to my position every time this dips closer to the red band on my chart. This will be the year of gold imo, and I will be long all year.
Bullish pennant flag forming on 2 hour time frame. Waiting for solid break out and then opening long