From the Gold daily chart, the price, after the breakout of the triangle pattern, came back to retest the bullish support trendline, by missing, for the moment, to close the pullback on the bearish resistance trendline. From here, it could restart to rise towards new highs.
No retracement yet of the first up-leg, this is just starting!
1-Hour: Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up. 1-Day: This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a...
1-Day: The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji. 1-Hour: Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next...
GOLD is unstoppable right now and is soon to storm the 1800 key level. The only question is- what we get to see: 1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years. OR 2-A pessimistic scenario, drawn with a red line, where the...
There's a few indications for us to be bullish on gold: Price is supported on the daily level at 1455 range The selloff on gold is slowing down Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars Once offers have been exhausted, we should see gold soar from a series of covers and new entries
GOLD BUY TP_1714.36_7.98%_126.66pips_SL_1562.661.58%_25.04pips
Bullish Coronavirus breaks China Country containment. Target set at 1594.0 Bearish Coronavirus fades, Chinese Government seems to not be as fourthright as Western World would like them to be about the Coronavirus outbreak. Target 1556.0 ( 2019 High - Strong support )
Gold is in buy mode as US impose 17 different banns on Iran Steel mils and Textile mils. Further more on H4 Chart, Gold is making Head and shoulder Pattern which also indicate us for further bullish move.
XauUsd Currently at correction and should find support at green box or trend line 1505-1535. Downside is limited.
Gold bear zone over on 18 nov 2019
Structure Change of Trend Tendency Upward Plan Buy Entry Target at 1489 Entry Target will change if open bearish to 1479.80 Second Ladder Entry 1474.80 Stop Loss at 1471 Profit Target 1499 If Profit Target 1 achieved please move your stop loss to Profit Target 1 and use trailing stop thereafter.
Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat. price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up. you can see the round circle of in...
Strong bullish divergence on Gold. also at strong support.