Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last week. As geopolitics with Iran has settled down price has corrected back down. Price would have to drop all the way down to 1500 in order to be...
This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other...
Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP...
Gold Futures CME - GCZ2017 December 2017 Signal: Sell Limit - $1290.00 Take Profit - $1250.00 Stop Loss - $1325.00
My script clearly illustrates, as well as states my forceast for BURST/BTC. >>>> THIS idea however is an update of an old one. Please, take a look at the previous drafts of this same published idea. Thank you for your time and reflections! Val Breau
1. Bearish Harmonic pattern 2. Bearish AB=CD Pattern Fibonacci Projection Levels 78.6% = 127.2% GC1! GC2! FX:XAUUSD
GC1! / GOLD / XAUUSD / GCM2017 / Bearish gartley Hamonic pattern Head and Shoulder pattern price neck line breakout and pullback ZIG ZAG PATTERN 61.8% / 161.8 GC1! FX_IDC:XAUUSD GC2! GCM2017
GC1! / GOLD / XAUUSD / GCM2017 / Bearish Gartley Hamonic pattern Fib 78.6% Head and Shoulder pattern price neck line breakout and pullback ZIG ZAG PATTERN 61.8% / 161.8 GC1! GC2! FX_IDC:XAUUSD COMEX:GCM2017
On gold, we are inside of a monthly (1238.23-1205.49) and weekly (1243.13-1205.49) demand zones. There is also a daily supply zone formed just above us but this zone working out is low probability. We have 2 alternatives that may happen here; 1- Red: We may go to lower timeframes and look for good buying opportunities right now and ride the price till daily supply...
Since it is very low on the altitude for shorts, we should just look for a quick 1:1, not more. This trade is an aggressive one twitter.com tradewithcan.blogspot.com.tr
Potential H&S Top, declining volume on right shoulder, wait for neckline break for confirmation. Short on 40% retracement from top of right shoulder through low of breakout.
Great increase of upward movement today on greater than average volume. Prices closed very near the high of the day; however, even with the extra volume prices could not break resistance (C). The next few trading days will be very important. If the rally falls and this creates another lower high below resistance (D) then I believe we are seeing larger scale...
Bulls remain in control of the ascending channel as sellers were unable to follow through with yesterday's decline into FOMC. Support noted at 61.8% retracment
Goldie is struggling to break out. This trade doesn't look good for us. Regardless, we still like Goldie to the upside. Stay tuned
All commodities are moving toward to reach new high in the next few months. SUPPORT 1,080.00 SUPPORT 900.00 RESISTANCE 1,250 LONG TERM TARGET ABOVE $$$ 2,400.00 $$$