I believe there is currently a strong bullish divergence in the RSI and MACD. My TP is 1250$, and I will re-evaluate gold when/if we get to that level. We are currently making higher lows in both the MACD and RSI (while the price decreases), which leads me to believe we will see a strong up move in the following days. My advice is to avoid listening to the gold...
two scenario for GOLD movement . Now we are in a correction wave pattern , first the price looking for a support before going up this movement can be canceled if the gold price breakout the resistance upr trend line
IT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much. Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
Check out this Elliot Wave driven technical analysis punt from me. Gold has a lovely growing rolling pyramid structure that is generated mostly through particular price and event patterns. Simple LONG hold here. Buy big or go home. Hold long or mess about stepping in and out. Easy profitable trade IMO.
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Gold has a massive surge and uptrend right now, with record high physical gold purchases no wonder every trader wants a piece. Simple trade from me for any investment vehicle - Bet up
Gold breaking out after probability of fed rate hike evaporates. I'll be aggressively buying gold and mining stocks on a pullback to the demand zone highlighted in yellow. (Under 1480/oz) with a stop of 1236.90.
Gold´s consolidation could morph into a correction but the mantra remains to buy the dip Gold continued its consolidation and has not been able to establish a clear and sustainable trend. It´s been dancing around the falling 3 year downtrend line ($1,247) since mid of February. Last week´s top at $1,262 probably marked the begin of the expected pullback and gold...
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 may Lose All The Gains as it is making reversal patterns already in Daily and Weekly Charts, Also Us Dollar is looking to gain little strength in Technical Charts and if market rally continues, then investors will enter in stocks and free up their capital from Gold which will make further pressure on it.
Hey Guys, Early Bird View : Though its very early to expect both Gartleys,Coming week FX:XAUUSD Gold has provided us with Dual-potential Gartleys .No matter whether market moves up or down if our plan allows us we will be taking positions depending on which Gartley gets to complete first. If we are lucky enough, we will have Bullish Gartley completion...
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...