It’s a death cross for the GOLD (the 50 EMA has crossed over the 200 EMA for the downside on the 5th of March) which confirms a Bearish gold for medium to long term. Breaking the support level (1690 – 1670) will give us more confirmation for the long term short market for the gold. Looking for sell trades only, either when touching the top of the ascending...
Gold is testing its short-term trend line. If it holds the trend line, then it will be a good place to open sell entry.
Hello and welcome back traders🙂. Gold is currently trading in a ascending wedge pattern. A good entry point on a short term short trade would be the 1687.46 resistance line. This is because it also coincides with the descending wedge pattern mentioned earlier. Please be advised that this is a riskier set up due to the potential chance that gold...
Here is my my idea. with TP on the RED LINE Good luck traders..
As my previous chart... We have waiting for consolidation price... Now still one more time for correction before going long Hope you like this idea
It is about to go nowhere fast, here. - So, just trade it! Here is a close up - the Weekly;
Now gold on consolidation price. The New position must be patient. Wait n see how candle make confirnation. Sell Position Target 1684 1670 BUY POSITION TARGET 1751 1770
Down a bit, up a bit, down a bit more, then up. Or take a closer look at my analysis & then some www tradeyourway.co.uk
Gold, break out Significant Support! Short at the Retesting Area. Watch out Friends!
Due to the changing terend in the price index of the dollar. i will be happy if you have a theoretical elliot wave comment and help for better analysis.
Gold, Over Sold and meets significant Support!
Looks like it is make or break for Gold! Keep your eyes and ears open as there should be a nice trend in the coming months, may it be up or down!