The Simple Moving Average 200W "BreakUp" and the triangle pattern promote a long term bullish perspective. Fibonacci golden ratio of 61,8% (@1285) becomes as an important support.
A falling channel on gold spot 15 is emerging. It is my strong believe that we will see levels of 1274 reached. I have entered a short position at this point in time with a take home profit of 1274. Check it out see if it interests you. Remember good risk management is key. Keep your eyes on the stars and your feet on the ground. You can reach for your dreams...
Gold short - H4 timeframe - break of trend line and a close below structured resistance signals a move down to 1242.
Once again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210. Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the...
Good evening, we have the chance to open one more position on the XAUUSD if everything will go as expected it will now become a pretty decent SHORT Trend where we can surely make some profits.
Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line. This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H) We could potentially see price retest previous highs at "1325.00" Entry - "1310.00" Target - "1320 0.00"
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,...
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....