There's a bullish pennant forming on the 4hr, if this next close is above 1500$ thats a bullish signal
More talks of a trade war
More talks of a global recession
Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat.
price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up.
you can see the round circle of in...
Following on from yesterdays FOMC news, Gold has shown it's trend direction. I can see a retest of 1500 level before falling to the 1460 target. 1505 Stop Loss to give trade room to breathe.
ENTRY: 1500
SL: 1505
TP: 1460
Pattern: Emerging Channel Down on 1D.
Signal: Bearish after a Death Cross has been formed on 4H.
Target: 1485 (1D Support) and 1465 (Channel Down Lower Low) in extension.
Gold is reaching previous lows and also is respecting a trend line. In other news Trump's trade war is likely over and the stock market should begin to rise. On the 4H chart i'm waiting for a formation of the right shoulder along with a breakout and retest. To see where the previous lows and the trend line is the day chart will show it.
I see an up move to gold . however it reaches to an important area whivh i think will go up .. however i see 1480.206 is the last station for gold i recommend buying gold with tight stop loss would be at 1480.00 ..
I've been able to ride the entire bullish rally.
Now I want to short XAUUSD. Let me tell you why!
A complete 5-wave sequence in an impulse has completed.
The Fractal which I posted before has completed as well.
At the breaking point, I noticed the change and was able to continue the bullish impulse.
(check my updates)
I've even been able to extend my bullish...
In the last two analysis of GOLD the market followed perfectly what we told you before in the beginning of the last month. After the FED meeting and cloudly information that Powell gave about the next cuts the market will be a little bit confused.
We think the market will reach levels of 1390-1387 and after that, there will be a full month of ranging. In...
