Gold looks bottom out and it is ready to fly...resistance of 1750... After Target is 1850 and 1900.
we can see the copper in the monthly time frame that it has broken the triangle and is showing some bullish movement in the future we may face some small downtrend but on the general trend we can be more bullish on this commodity we have specified some levels of supply and demand where we can capitalize on this analysis can be very useful for the swing traders...
Gold has been falling to the bottom of the channel for 70 days and seems to have bottomed out at the $1674 level (previous pivot point aswell as the bottom of the channel). Look for a trade upto the 78.60% fib retracement level and wait to see if it gets rejected and take profit. If it has a daily close above the channel and 78% fib retracement level. If there...
Price has failed to make a meaningful break below support forming a double bottom. Bullish divergence on the RSI suggests a move north on balance of probability. Nice risk reward set up to watch this coming week.
Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it! And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP ! The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived...
who wants gold when you can have silver?
Here is our technical view for GOLD. Our analysis is based on fundamental & technical metrics. According to our drawing GOLD is coiling on resistance area. Based on our view the price will drop. Please, leave a comment and support us with like.
Target - green box Invalidation level - red line
price break above the trend line looks bullish here can touch 2200 2300 in short time Buying small amount here other at retest
The structure are not following only trend R&S but we need to think about big Fib and Small Fib, Big fib structure progressing on 0.382 we expect it can reach 0.5. By the way we should focus on small first, small fib was hit golden ratio. So we should follow price action that will reject at the moment for completing and follow big fib. $$$ #luxLovi
silver price is now in descending triangle if it break lower than we are going to 19 $ and close above and breakout than we will move higher
price now back to monthly support we have good handle and cup setup ( hahhaha ) Cool let's see how price react from this zone
#crudeoil crude has been oversold recently. This could be the start of some consolidation or a potential upwave reversal
GOLD & SILVER Not looking good here.. If we cannot break higher soon, that's the count I'm looking at. My final projected target on this would be $655 Stay safe!
Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
Evening Traders, Today’s Analysis – GOLD – trading in a range with a probable inverted head and shoulders, further price development is needed. Points to consider, - Impulse bull move (range resistance) - 200 Moving Average support - Neckline target - Oscillators above 50 GOLD retraced from range resistance to the .618 Fibonacci where it established its...
XAU/USD Possible to 0.618 after drop last week. you can look long lower shadow in red rectang, that for bullish confirmation. i calculate this bull possible to 0.618 area 1700.