Waiting for bearish confirmation candle before putting a short stop order few pips below the recent low at S1 pivot level. Target entry near S1-S2 fibo lines (pink) with TP at previous S3 fibo line (blue) near S2 pivot level, and TP near S1 pivot level. Might widen or tighten SL depending on next week's volatility before entering short. This is also in line with...
After Trump election, XAUUSD Gold could rise up to 1375-80. It has more fundamental reasons then TA. For any questions, leave a comment. Thxs. DXY could be short for this time.
I call to my inner voice! Human is hasty, behave patiently, trust yourself and be brave! Best regards. Volkan ONURSOY.
Hi Everyone ! Gold is currently forming this Triangle. As you see that its a daily triangle so we can also trade inside this and can also capture the breakout move. Thanks P.S : your likes will motivate me to continue the good work on tradingview thanks
So far, +315 pips move on our trade..... My last post on Gold, I posted this chart: With that update, I also said "Gold is still heading down in a wave (iii). So DON'T try to BUY yet! And yes, it is TOO LATE to try to SELL and get in on the downtrend because this wave (iii) may be coming to an end soon. By my wave count, it should retrace back up soon in a...
Take a long position on Gold now ! Its only for short term traders
BREAK MEANS CANDLE CLOSE ABOVE/BELOW THE LINE PLAN A: BREAKS THE MM 7/8 1359.4, TDI / STOCH CONFIRMED ; BUY THE RETEST, SL BELOW LAST CANDLE PLAN B: BREAKS THE MM 6/8 1343.8, TDI / STOCH CONFIRMED, SELL THE RETEST, SL ABOVE LAST CANDLE
We are seeing really good trend trading in both highly volatile and lucrative commodities - Gold and Crude. We are actively trading both commodities from long as well as short side by leaning against good support / resistance levels. There are many investors out there just happy owning gold and hoping for something good to happen to their investment. Of course...
XAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE. THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL STAYS FIRMLY BELOW 1280-1290. I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I...
Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
Short Analysis: As gold is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold to drop to 50% fib levels (1070.64) later on the week Long Term Analysis: Gold seems to be in a bullish run. However i expect it to come down slightly before make new highs. Short @ 1079.47 region Stop...
Bounce due to Fed not hiking because of weak data point? Sell it! Bounce due to geopolitical tensions? Sell it! Bounce due to equity meltdown? Sell it! Why??!! Because the price action Sir, is telling us that. Gold is unable to sustain any upside in any sort of meaningful way. We think next big fall is coming and Fed might deliver the coup de grace and end the...
Should silver price in retail demand or economic sentiment? Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher...
For last couple of months, Gold has been providing opportunities for both bulls and bears. As we pointed out in our previous posts, Gold has been mustering courage and getting help from Fed to re-test the resistance levels near 1200. Now since it has failed 50 WMA (Weekly Moving Average) and coming down, what's the trade? We would like to trade Gold according to...
Another FOMC day and another time for gold to set its compass right. Good that we still haven't closed our tiny short yet ( please look at the linked previous post for more info). Since nothing has changed substantially, we are putting the same chart again with resistance lines little extended to the right ! Levels to look for short opportunity are 1200, 1220 and...