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!
GOLD is expected to sink now.
The reason why we feel GOLD may SINK.
* It may SINK and come near 1204 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 SINK. Our SELL call shall be from SELL BELOW : 1220.52, SL: 1225.09,...
The reason why we feel GOLD may Rise.
* On weekly basis it has just started moving DOWN
* To SINL and come near 1228 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 SELL call shall be from SELL BELOW :1245.09,...
What we see after the gain on GOLD in the last days is a formation of a triangle. Other formations like this in other commodities too. Possibility of this triagle break's decide the next days on GOLD.
DJIA is expected to sink now.
There are many reason why we feel it may sink.
01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon.
02. Bearish Engulfing in daily Chart.
03. To sink and come near 1204 to 1197 levels
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06....
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge
As the structure warrants, markets always tells us what to do...!
the triple three within a triple three has been completed and it is time for an interim rally
The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
GOLD is expected to SINK.
There are many reason why we feel it may SINK
* HAMMER in WEEKLY Chart.
* To SINK and come near 1199 LEVELS
* Stoch RSI (3,3,14,Close) clearly states it maySINK.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is also the same
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our...
GOLD is expected to sink now.
There are many reason why we feel it may rise.
01. It had almost touched Target 03 of Quartely.
02. Hammer pattern in daily Chart.
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart...
GOLD: Outlook for GOLD remains lower while the commodity holds and trades below the 1191.53 zone, its key resistance. On the downside, support comes in at the 1155.00 level where a break will turn attention to the 1140.00 level. Further down, a cut through here will open the door for a move lower towards the 1130.00 level.
GOLD STRATEGY:
Sell at 1165.00
Stop...
A bear flag has formed on Golds one hour chart. This is a very good sell signal as it signals a little consolidation before price continues to fall for about the height of the pole which is just about 130pips.
The Long Running Bullish Momentum From NZD/&AUD Pairs (Which Provided Many Pips Lol) Seems To Be Finally Coming To An End Due To Gold Reaching A Key Monthly Resistance Where A Huge Reversal Can Take Place.
Awaiting A Few Bearish Confluences On NZDUSD Which Includes The Movement Of The Dollar Index (A Strong Bounce And Decline Would Be Good As Its Pushing Towards...
Gold's Behaviour May Signify An Upcoming Reversal For AUD/& NZD Pairs
Potential Sell Setup Shown For NZDJPY, Awaiting For More Confluences To Line Up (Especially If Gold Indicates More It Does Not Wish To Trade Above Key Monthly Resistance)
Gold Outlook On Potential Reversal
Recent NFP data just pushed Gold to the upward. Recently just bounced off the weekly pivot. LONG if breakout to the upside targetting the potential 3rd test of Daily TL. SHORT if price close below 1134 with immediate target shown on the chart. Stay neutral for now as Gold is constructing it's highs & lows, enter when direction is clear. Have a profitable week traders!
