What's going on my AQZ Traders??? Looking at the possibility on this yearly time frame AQZ for some serious overall shorts!!! Will we see a continuous bear market on gold for a long time??? My bias is, to get in where you fit in, and hold sell positions on gold for a LONG TIME... Much love and God Bless,
Day flexing hard at fib levels marked out, looking for a good upside coming up week. Someone needs to find a cure for this corona virus junk !! Tp set (3) marked with green lines and arrows pointing to them
NEW SIGNAL SHORT/SELL GOLD, XAUUSD ENTRY: 1500.262 STOPLOSS: 1508.9 TARGET: 1484 Risk: 0.5% These signals will not be given next week. Join the telegram to not miss out, t.me/alchfx
Although fundamentally speaking, shorting gold isn't our bias longterm. However, it appears there are a number of confluences statistically in favor for this metal. What's your thoughts?
Gold may be nearing the completion of an A-B-C correction as per it's monthly charts. Between Dec '11 and Dec '15 Gold declined in a 5-wave impulse move. Since then it has been in a corrective A-B-C bounce. We are currently in the C-leg of this bounce. The price equality target for C-leg comes to around $1590. However it is not uncommon for C-waves to extend to...
Gold is about to break the 50% fib lvl. The three 4 hour candlesticks show us that price is exhausted, 1198 is the first target. Second target will be 1191. Third target will be 1182.
Every Gold high is a sell opportunity. The weekly chart is bearish with an over-valuation in the 4HR chart meaning chances of Gold moving lower is high. Check out more details here: forex.today
The monthly chart is bearish and since its always profitable to trade with the trend, I will recommend selling Gold with stops above $1340 and take profit at $1300 check out the monthly chart: www.tradingview.com Read my whole analysis here:http://forex.today/gold-technical-analysis-for-march-7-2018/