Hi there, I believe the gold rally is getting low momentum and its price may drop like stone in water. But as I am a short-term trader I see there in good opportunity to ride last wave heading to a new top. Perhaps I will consider some contracts @ 1345 - 1346 for target @ 1354 and my SL is near 1342. Lets do some calculation: Est. profit = 1354- ((1345+1346)/2)=...
I thought i'd post this. Would appreciate some feedback guys if you can. My original idea was this thinking that we have just finished wave 5 of a zig zag for a 4th wave correction I have changed the count. (iii) ends where (v) used to. I did this because now wave 3 goes beyond the high of wave 1 and you can see a clear 5 wave climb for wave (iii). If this...
Gold is looking interesting as it has stalled on direction of 50% fibo. RSI + MA are showing us a possible bullish momentum. A close above 1360 would see bulls make a run for recent highs and beyond with interim targets at 1370, 1380 and 1390. FX spread BO EOD call option Let's see...
GOLD/USD : Short positions - Ratio ( 1 : 1.91 ) 1. Sell at 1367 ,Stop at 1408 . 2. 1st : 1330 3. 2nd :1290 4. 3rd : 1250
Gold on a daily chart bullish. Getting close to 1.414 fib and 1388 is Resistance. What do you guys think, does gold keeps rising or can we expect reversal. I would say there is a chance of reversal as RSI is heading to oversold.
Gold is Heading north to test 1358. I think will break through. What do you think?
As long the price is trading more or lesse above the upside trend (since February`16) bullish! round about 1303 should be a bullish support area round about 1284 should be a bullish support area round about 1263 should be a bullish support area if the bears are winning the terrority backs, - even more or less around the 1303, 1284, 1263 price levels (and...
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Radical will try to short right now . Conservatives will continue to wait and see .
First time since mid of march that gold is touching the lower Bollinger Band. Gold is short-term oversold and ready for a bounce that could take it back to $1,260. Overall the correction towards $1,180 - $1,215 likely will become a lengthy back & forth battle. Just be patient. The weekly chart is still far from being oversold. Buy the dip between $1,180 - $1,215...
Is this wedge formation singla for future uptrend?
I'm learning does this make any sense for head and shoulders?
Look what we've got based on Monthly descending bullish channel 1M: Bullish channel (not wedge) resistance sustained 1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low Some details and multiple timeframes charts would post later
Anybody disagree or have any other ideas?