Bullish Trend. No Divergence Sentiments are Bullish British Pound Index(BXY) Looking weaker Take 1% Risk of your whole Account Entry Point: 1610.428 Stop Loss: 1598.89 Take Profit 1: 1621.52 Take Profit 2: 1633.49
- Bullish channel - Bounce of support at 1532 area - Resistance of mini channel broken (1540) - MACD ad Oscillator showing bullish potential - In agreement with moving average bullishness
Buy This zone $XAUGBP 1396-1416 area. Tight Stoploss as the chart This may form a cup and handle.
AUGBP will breakout soon, very soon. Either GBP will weaken more or Gold will start rising. As my previous post, DXY is close to peak then GBP has bottomed and Gold should start rising. Buy gold. Lets go XAU.
XAUGBP HAS A Liquidity Under Double Bottom. So its A good Opportunity to sell Now!!
For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI. I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results, 553,412 M £ as 3Q 2021 546,556 M £ as 2Q...
When we refer to the price of gold, we most often refer to the xauusd pair and although it is a fairly accurate representation, the usd component sometimes brings distortions. So in this analysis we will look at the price of gold vs. other currencies, in an attempt to get an overview of gold as an asset. XauUsd: Main Chart As I argued in my morning analysis...
XAUUSD has enjoyed trading above the 1700 figure for a considerable amount of time. I anticipate price will move back into the 1500's. Price has similar price action. The daily moving averages remain in a bearish cross. Commercial shorts on gold futures are aimed to weigh the precious metal down, as manufacturers look for cheaper gold prices.
Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada. Headquartered in Toronto, the company was founded in 1990 and went public on the Toronto Stock Exchange in 1996 with additional shares being listed on the New York Stock Exchange beginning in 2005 IAMGOLD is a mid-tier gold mining company operating...
Forecast: Addressing market sentiment regarding Gold backed ETF's, COMEX and BONDs etc. Daily chart analysis, looking at the Gold price from a broader perspective. Fib, 0.618 @ ~1848 is a potential target in May before a deeper correction. About Gold Next Week # A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with...
Forecast: The bullish counter trend Zig Zag pattern might finalize the C-wave this week and reverse to the downside. If it is only a narrow correction or beginning of a new bearish down trend, I can't say, yet. The fib, extension levels 1,27, 141 have been taken out. If bulls have the upper hand they might push price action to 1,618 @ ~1805 before price action...
Brand new inverse head and shoulders pattern forming. We could see a potential breakout to the upside from here.
Forecast: Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish. As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted. About Gold Next Week # A weekly 3-10-minute...
Forecast: If price action follows up on the Truncation/Double bottom pattern, then we can expect a countertrend ABC / Zigzag pattern. B-wave, pull back target's between ~1712 or ~1699. Final bullish C-wave, target's @ ~1776 or ~1787. If price action picks up bearish sentiment and breaks low of ~1678, then target's to look for @ ~1662 or ~1655. I'll keep you...
Helle dear traders, Everything is marked on chart! Please like and share. Thank you.
Forecast: Price action is consolidating. Possible complex ABC pattern in the making. If volume is strong this week, UPSIDE target's @ ~1744,1745,1748. DOWNSIDE Target's @ ~1716, ~1714 or ~1710. I'll keep you posted. Trade safe, e well. About Gold Next Week # A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts...
Great one here straight off the bat great upside potential - ignore indicator below its inaccurate gold will push up BITFINEX:XAUTUSD OANDA:XAUUSD TVC:XAU NASDAQ:XAU TSX:XAU BITFINEX:XAUTBTC FX_IDC:XAUUSD BITFINEX:XAUTBTC FOREXCOM:XAUUSD FX_IDC:XAUTRYG OANDA:XAUEUR BITFINEX:XAUTUSDLONGS BITFINEX:XAUTBTCLONGS OANDA:XAUAUD FX_IDC:XAUTRY...
Gold Ascending Triangle 14:27:27 (UTC) Mon Oct 5, 2020