With today's rally we see a divergence in macd in 30 min and 1h charts, I would suggest a sell here and target 1206 or even lower. I would also suggest closing this trade before tomorrows news events in the NY session.
Gold has been playing in a channel. Currently it is entering an old resistance point. Keep a close eye to see if it continues its defying run or if it will fall back to its old support.
XAUUSD is gaining bearish momentum on the bottom range channel that has contained price since for a month. Once the price breaks again, I see XAUUSD moving down to my target of 1157 which is a 22 point drop. The stop loss is an emergency stop loss. I do not place them to keep a 2:1 ratio of wins to losses or a set distance away. I always place my stop losses...
maybe gold renew trends.1199 trends good resistance for the top.
Bad data ushers in gold bulls. [/i The dollar is weakening, again, on bad data with durable goods declining 1.4 percent in February versus expectations of a .4 percent gain. Core durable goods month-over-month, ex-transportation, fell .4 percent while January’s figure was revised down from zero to a contraction of .7 percent. The ongoing poor data out of the US...
The RSI might be suggesting a trend change, because RSI is going in the opposite direction of the price action.
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
Gold prices are likely bottoming after having retraced a big chunk of the January rally this month. Looking at the XAUUSD chart over the past two and a half years, prices have started to bounce off an old bearish trend line that was broke through at the start of the year. There's also a bullish trend line coming in at the $1190 level. Technicals suggest that a...
Looks like Gold needed a little correct of his brand new trend. After we reached 1255~ we now can climb up to @1305 or 1331. I recommend to close some of your pos at 1290 :)
Triangle resistance on the Daily chart. Double top at the 78.6 fib level on the hourly chart. Previous resistance also. A CTL break will confirm short. Target around 1185.0.
The current correction may be a completed double zigzag, which means another wave up is possible.