Hi Traders,
I'm forecasting a long setup that will rally past the current high of 2075, and perhaps reach the 2100 level.
If price hits our invalidation level, it simply indicates that this current wave down is not yet complete (it may end in a diagonal).
Consolidation at current levels will confirm a long entry.
Trade with caution and enter will small...
Gold is ready to make his best performance, having a mild jump and dropping hard breaking the 50 EMAs on the weekly. There will be a major support by 1320 that will impulse it to the top again. The pressure of corona virus and crisis will bring it down to the right shoulder so it will just arise from there. Getting ready to achieve the highest levels.
As you can see a pullback has happened to the broken channel and price bounced off of the upper bound of the channel. Now the price is going to go up towards $1700.
Disclaimer: Do your own analysis. This is solely my own opinion and not an investing recommendation.
This post was encouraged because of the Economic Forum being held in Davos, Switzerland.
The last 3 years (roughly since mid 2017) contained talk around trade war. This has caused chaos within the markets. We have moved up and down 1000's of points with no specific direction.
It seems that September 2019 has shown the true colors of the market sediment. We can...
Hey traders,
Gold has formed a lot of bullish actions over the past couple hours. We have gotten pushes to the downside which have failed resulting in pinbars.
If we can get some bullish momentum going my bias is definitely long.
We have the trend line I have drawn which acts as support as well!
Simple price action and analysis.
Hey traders,
Markets are now closed but this is the best time to review and analyze what happened over the past week.
Price for Gold touched the green trend line I drew which may be part of a bullish flag pattern for gold.
Price immediately bounced up, with 3 bullish candles before experiencing a minor retrace on Friday.
The close on Friday was weak and...
Hey traders,
Gold has reached an inflection point, as seen by the blue trend line drawn.
Gold previously was stuck in the green consolidation triangle before breaking hard to the down side.
I am waiting for a confirmation signal in the form of a bullish candlestick, or strong bullish close to go long.
Price is still in the ascending triangle...
Hello Traders,
A breakout to the upside was seen in XAUUSD, and thus a trade was taken with as stop loss of $27 at around $1478 just around the previous consolidation low and a take profit of $50 at around $1550 just around the previous swing high. The price had been consolidating $1495 and $1481 and therefore, this breakout can be identified as a start of an...
