With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
With the history of miners leading the commodity in moves, I'm expecting gold to make a move higher (see GDX charts):
- We again have the bull flag being made, with any bearish attempt to...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
- Just as the GDX, we have a beautiful parabola, followed by an attempt to go to 1180, which was rejected by the bulls
- This creates the bull flag / pennant that was see now, which was...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
I was expecting it to retrace down to the 17 area to "fill the gap"
Instead it created a bull flag / pennant , and then in 3 days , broke out of our channel and above price action
All very...
GOLD is expected to RISE now.
* May Rise and come near 1247 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :1238.34, SL: 1235.61, TGT 01: 1244.95, TGT 02: 1247.97, TGT 03:...
We are moving in ascending channel and just bounce from its resistance and formed H&S on top.
Sell order:
enter at 1240
with SL 1247
and TP at 1225
Buy limit order:
limit order at 1225
with SL at 1217
and TP #1 - 1245
and TP #2 - 1256
Happy trading for everybody!
Feel free for comments!
As you can see on weekly chart of gold futures GC1! It has bounced off 50% Fib level. Is it going up to 1338-1340 price point before it pauses again?
Note, I used some nice tools on the chart that tradingview provides. I have added fictitious trade to show nice risk to reward if entered at current levels.
This is not a recommendation or advice to trade. It is...
GOLD is expected to RISE now.
The reason why we feel GOLD may Rise.
* To Rise and come near 1234 levels
* Stoch RSI (3,3,14,Close) is SINKING.
* RSI (14,CLOSE) is SINKING.
* CCI (20,CLOSE) is SINKING.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our LONG call shall be from LONG @ :1224, SL: 1221, TGT 01:1238. The...
We expect GOLD to rise
STOCHRSI is rising.
RSI is indecisive.
CCI is indecisive.
Long Gold above: 1270.23 SL:1264.94 TGT 01:1283.62 TGT 02:1289.47 TGT 03:1307.48
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
What's really more important about this chart is XAUUSD broke up the $1,200 level, an important historical level. It's still on bullish trend which might take it to $1,300 before it retraces to test $1,200.
Today's Chart - XAU/USD
Overview :
Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal.
On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
XAUUSD (GOLD) Looking for Long.
because Gold have a Support area with Fibo fan level of 0.5.
and also Gold have Support and Resistance area. and gold have Divergence area,
so it should be up.
Gold is making invested head and shoulder pattern. Wait for H4 closing above 1076 and go long with targets of 1105-1130-1150.Primary target is 1105 but Fomc....splitting trade in 3 positions is a good idea.
Stop is 1044.
