Validated confluences
1.Weekly/Daily Resistance strong/valid
2.Profit margin 1:3
3.No major resistance until $1300.75
4.Price action below the middle ma Bollinger band showing signs of weakness
5.Price in strong Support
6.Trendline broken
Gold in Last Trader perfectly done TP2 with 280 pips.
Now Again we are seeing buying opportunity. AS Gold seems strong bottom around 1280 level as if hold above 1280 a little Resistance it can face around 1304-1307 level where if close on daily above that levels a sharp up move expected toward 1314 and above that can follow toward 1334.
Advice to buy in range of...
On September 17th; I have published an idea here and in our web and it was referring to a Bulls Trap.
Our scenario was: XAUUSD will drop towards 1.260 and my ultimate target was 1.500 in the second half of 2018.
I tried to explain the fundamental reasons for this idea in the mentioned article.
XAUUSD price dropped towards 1.260 as I predicted and we have...
GOLD PRICE ABOVE 1300 HIGH HIGH SANDP500 HAVE CORRECTION GOLD WILL TAKE LIKE A CRAZY/ ANOTHER THING WHY IM THINKING LIKE THIS BECAUSE OF MY 4 YEARS EXPERIANCE/// CHECK MY OTHER CHARTS
After a slight correction from the resistance level of 1291.60 - 1294.20, gold resumed its growth and now the price is testing this mark. It should be noted that the price growth was sharp and on large volume, which is an excellent bullish signal. Thus, the most likely option is a breakout of the resistance and further price growth, so long positions are in the...
Hello Traders!
I am looking at Gold futures /GCZ17.
Indicators are showing bullish activity in gold since price has established long-term uptrend by breaking and holding more than 9 days above 1300 level (verified 8/25.)
Our latest upstroke started on 07/10/17 with a low of 1211.1. We ended on 9/08/17 with a high of 1362.4. Since then price has pulled back...
MARKET ANALYSIS: Gold is now trading in a uptrend, with a trend-line support below it. It has tested the 3rd time on the trend-line, Now its a good place to buy the market. There is a minor supply zone, If the market is able to break it, we can reach the 1350 zone in couple of weeks. So let's wait and see what the market does in the coming weeks. Cheers!
the gold is long, the gold is in a setback to continue its bullish movement, it is observed the classic break of a trend line amount then the recoil, to continue its bullish path.
Entering into Long position in Gold after bounce from 1285-1287 support zone. Pure supply/demand trade with Risk/Reward ratio of 1.30 and good chances of success.
Short term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks.
TP: 1288
SL: 1262, (if...
Ok this one is interesting. Let's check out the divergence between the equity market and gold.
No statistical arbitrage opportunity on this one, but this seems to indicate to me that once the correlation between the two starts to get closer to equilibrium, gold will already be rising and equities should begin a descent down, although likely not for long.
The...
