Gold has broken out of some short term consolidation. Past experience shows us that when this happens large moves in the price follows. Movement in the miners confirm this was due. Expect the price to reach $1750/oz by mid summer.
So i politely went round to look at her shower, even though i know nothing about plumbing i lied ( because shes hot ) I knocked on the door and she greets me whilst leading me to the bathroom, we get to the shower and she takes her clothes off, gets in the shower ( which is working perfectly fine ) And said " Look its broke " very confused i asked what how is it...
Gold to dip & test support of 1563.
From there it could either bounce and continue it's climb or it could gain momentum and continue to fall to levels such as 1556 and 1547.
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It just keeps coming back for more ;p
We are looking for bearish movement this coming week and for the 3rd touch of our trend line with more bearish moves following the touch.
Now we have highlighted where we might get this 3 rd touch and this comes by the way of strong support which if price does touch our trend line in this zone then it will smash through this...
Call me crazy if you like... i can assure you i have been called loads worse ;p
Take a look at my chart and you will see why i am predicting this drop, i had a sell order set around 1600 because previously this area had been used as a solid support and resistance level in 2011 and 2012 and as the saying goes HISTORY REPEATS ITSELF! The same is true in trading...
=> Tendency: BULLISH
=> Technicals: Pullback and retest
Be careful with the breakout to the downside.
=> Fundamentals: market uncertainties, US-Iran tension.
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. There is a possibility of temporary retracement to suggested support line (1494.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
When you look on higher time frames you see things more clear, if you look at this chart you can see we have drawn on some clear support and resistance levels ( green lines ) and look how well they were respected price hit 1545 level and failed to break after 4 months of bullish movements, since then price has tried to break this level again and again failed so we...
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I will begin XAUUSD Gold Chart Analysis for December 20th
This is an analysis last Wednesday.
It's an AUDUSD 30-minute chart.
As you see ,There was no movement.
Today's XAUUSD Gold 30 Minutes...
Gold has to break above $1485 in order to proceed higher. Catalysts could be the fed meeting today or the December 15th tariffs going into play. Either way we should see a strong rally following this breakout. Otherwise a breakdown would occur and I think this is less likely based on the buying action over the last couple of months and the increase in tensions...
Look at this chart and tell me you cant see a clear setup? If you cant then you clearly need glasses!
We can see that the magical roundabout indicator lines up perfectly with our unicorn indicator which confluences with our candyfloss ghost zones, if you add in our mermaid strategy then the outcome is so clear you can find a setup within seconds!
If you could go anywhere in the world on holiday where would you go? My dream destination would be anywhere my moaning girlfriend is not! hahaha. Leave your dream destinations below.
Price is currently in a good strong area or support and resistance and also at a strong daily trend line so we are expecting bulls to take over from the bears after that strong push...