I'm already in in this trade if you want also you can try your analysis if you happy with As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks you
Gold (USD) daily- Rectangular top within a Right-angled broadening formation. Rectangular tops (are Horizontal Channels entered from the bottom)- Have a 63% probability of eventual upward breakout. Further details: thepatternsite.com Riaght-angled and Broadening Formations- Have a 54% probability of eventual upward breakout. Overall, a poor chart formation...
Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
Yeah, so money printer go BRRRRR and shiny thing goes up. Thats all for today folks!
Gold Monthly chart and a possible wave count.
Just taking a wild guess at the long term chart pattern for $US Gold.. It is definitely probably about 99% accurate...... Anyone care to challenge it? let's see your chart predictions
As shown in chart.
Sustain trading above $1550/oz may pave the way for much higher Gold price, otherwise, if prices keep trading below the channel's upper trend line, then Gold may resume long term down trend.
This might be logical wave Elliott wave count which suggests the gold price may achieve final long term correction to hit the red trend line at around $1000/ounce may be before or after 2020.
Let us see which way Gold price goes as per this chart?
Gold - Daily and H4 charts showing further downside perhaps a deep swing lower into 1230s.
gold respect the resistance short opportunity excellent rist reward
depending triangel, if break bearish continuation make some money for weekend margarita :D
Hello Traders, Dollar is weaking across the board but Gold is on a short term downtrend. Expecting further capitulation as shown in this projection. People turning into Gold as uncertainty mounts. Smart money knows this they are in for the kill. Trade safe, Trade well.
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. We will have 7 more days of uptrend which can bring the price to 1348 or higher. Trading idea: Long at: 1293 Take profit: 1348 Stop loss: 1255
Short - take profit : 1280 long 1280 - take profit : 1300-1305 Good Luck