Recent confirmation of neckline on daily head and shoulders pattern indicating significant drop in gold is imminent.
A breach of this neckline will invalidate the pattern and the sell opportunity.
Sell gold here Target price to 1215
Gold normally melts at a temperature of 1,064 degrees Celsius... it must be that hot in the charts ;p because gold seems to be going too HELL at the moment with no real signs of it slowing down and no real support points can be seen, Technicals have just flown out the window with gold at the moment.
So we remain bearish bias at the moment and have been holding...
Everything aligns on this reversal pattern. Trade above 1311 for a initial extreme short term price target of 1315. Fractal pattern likely to continue until Target 4 @ 1360 . Buy the dips.
The bottom in the precious metals has been forming since early 2016. As you can see from the chart of the ETF for the gold miners, GDX, it had a quick rally that year and then went into another sideways pattern until January 2019. Now the chart appears to be getting ready for a stronger up-move.
You can see that a long, bullish potential inverse “head and...
Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
So as you can see we expect Gold to go long. We think it will go long because the markt is now in a strong weekly weekly buy order zone. If you zoom in on the daily chart you can see we are now also in a strong order zone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en created a...
I believe there is still a bit more upside to go in gold before it falls from B to C and then we will see some buyers come in to take it to D and more selling will then take place.
This chart is an opinion based chart only. Please trade at your own risk.
but really tho
"I think the path of least resistance is to the upside, that being said I don't see the DOW having troubles so long as our politicians keep their mouth shut."
-A soon to be very famous man
Two month ago i have been publish an idea that looking for bottom on the chart for gold but it doesn't happen. Last week just i see a red candle in the end of cycle. It seems we have change trend on this chart in the near future and we can have a good deal with gold right now. Because, I have many evidence. It doesn't matter what other pair tell us...
I believe we will see Gold continue to push downside all the way down to 1240.00 to 1230.00. We may see a pullback before another strong push downside, but we have also broke a very strong key level. If we seem to keep rejecting, we could very well see Gold just dive bomb downside.
Look to sell the pullbacks, very simple & clean cut. Market structure has also...
Gold is currently on a high consolidation, forming a bearish triangle. Probations are that this may be the last high groove its forming within the triangle. Like the triangle pattern rule says "on a bearish triangle, there is a high probability of downside breakout", so we might be expecting a bearish trend within the triangle preceding to a units roughated to the...
Hi guys. As you can see Gold is forming pennant what could mean continuation of the current consolidation phase. If we will see break to the upside (more likely) gold could rally up to 1400 levels. Breakdown from here would return to some previous supports (1240, 1200)