#Gold STRONG BUY 100% Buy with a Strongest short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal. The dollar index (DXY00) on Friday fell by -0.16%. The dollar on Friday gave up an early advance and posted moderate...
This simply based on 2008 crash ana the W pattern Were we did see a 33% crash wich is more likely to repeat
Gold is breaking out from a Downtrend since August 2020. It peaked that time and diving into correction. Not confirmed on weekly, but looking strong to heading higher. First stop will be the last Lower Higher
Gold is failing to break that resistance, so it is gonna go down for a every long time
Gold vs U.S. dollar recovery was cut short, only managed to reach 1492.20 as per my previous estimate before sliding below 1487.00 support and diving down to 1460.00. Gold prices were weakened against the dollar by the support of the U.S./China trade deal news which saw the dollar extended its rally during the overnight session and pushed Gold prices down. Gold...
Double Bottoms A double bottom forms when the price makes a low within a downtrend, and then pulls back to the upside. On the next decline the price stalls near the prior low, then rallies above the pullback high. It's called a double bottom because the price stalled in the same area twice, unable to drop below that support area. The pattern is complete, and...
I published this yesterday but have been looking at it a lot today and have added in a Fibonacci retracement from the low of December 2015 to this years high and I've identified with the blue rectangle this key area of support. Some consolidation (maybe 1 week) in this area would be ideal as we could then look to go long on a break out and hopefully look for a...
A pullback in Gold FX:XAUUSD has been confirmed last week. Target should be the rising 50-MA ($1,282) or the uptrend line (currently $1,250). In any case buy the next dip between $1,262 - $1,295.
I thought i'd post this. Would appreciate some feedback guys if you can. My original idea was this thinking that we have just finished wave 5 of a zig zag for a 4th wave correction I have changed the count. (iii) ends where (v) used to. I did this because now wave 3 goes beyond the high of wave 1 and you can see a clear 5 wave climb for wave (iii). If this...
Gold is Heading north to test 1358. I think will break through. What do you think?
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Gold will touch $1340 due to current global situation., Gold will raise till Brexit Referendum.
First time since mid of march that gold is touching the lower Bollinger Band. Gold is short-term oversold and ready for a bounce that could take it back to $1,260. Overall the correction towards $1,180 - $1,215 likely will become a lengthy back & forth battle. Just be patient. The weekly chart is still far from being oversold. Buy the dip between $1,180 - $1,215...
New Here and Just thought I'd post this simple chart. I'm expecting gold to reach close to 1000 USD by end of 2016
Look what we've got based on Monthly descending bullish channel 1M: Bullish channel (not wedge) resistance sustained 1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low Some details and multiple timeframes charts would post later