Gold has been following EUR/USD closely this week: correlation coefficient for H4 charts held above 0.85 most of the time. Just like the euro, price of gold didn't manage to break the first resistance cluster -- in this case, 1122.60-1125.70 area. On Thursday's close, a bearish candlestick pattern 'Dark Cloud Cover' was formed, which signaled the price could...
After the upward break of the lateral 4 hours channel. Gold preparing for continual upward based on the breakdown -e - pullback - continuation pattern.
We have an uptrend forming here. The price pierced the hagopian support (pink) but quickly retracted back, successfully forming a perfectly parallel uptrend. If the blue bubble breaks, it's going to be an interesting time for gold. If you want to buy short-term here, wait for the price to hit the trend support line and bounce a bit.
It may be a wedge developing. Look at MACD and TYX (Momentum on long charts) Gold rises when interest rates rise. D NOT COMPLETED YET E down - not necessary to the line and strong move up after
In a previous post regarding FXE, I described an options strategy called "laddering." Short laddering can be done both on the short put side, as well as on the short call side, and can be done using naked shorts or vertical credit spreads. It can be used for a number of purposes, such as reducing cost basis in an underlying stock you own, to work a directional...
Gold has been in a large correction down since late 2011. The Wave count shows the double correction down has been completed. Wave C of Wave Y started late 2013 and unfolded as a double correction, the substructure shows that the first leg down was a regular correction where the second leg from the (x) wave unfolded as a double correction. The expectation from...
Update #1 - Stopped out as per chart. Loss of ~1%. Gold moves to slow to play these scalps. :( I believe a decent bounce is in order on these Multi-year lows. Set up as defined. Expecting 1130 as least. Good luck
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
Here are some scenarios presented for Gold. Although I would be Bearish on this I have analysed both scenarios.
I'm long gold at the current level. Fundamentally with what's happening in China and Europe I believe it's a good hedge to my current holdings, and it's a good technical level we've seen bounces from that resulted in Gold trading back up to the 1200's.
Trade at your own risk.. Money management must....
Gold have been running to the ground lately, but have we reached the bottom of the hole? Well this Cypher pattern may tell us that, but What we are mostly looking for is catch a small retracement not a trend change. RSI is reaching oversold area and it looks to be making higher highs and higher lows. Its counter trend so we only use 1 target for this one. The...
We have a shorting opportunity here. Let's see how the trade will play out. Please make sure that u do your own analysis 1 and it meets your plan. Stops and targets are on the chart. Good day,good trading!
By reading the chart ; I feel a triangle. hope a break out soon... bcz.. the triangle sharpening a pencil.
Gold has been trading in this channel for months and its time to start looking for support again.