Nothing much to report on gold since my last post 2 weeks ago. The daily corrections is still ongoing...
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Gold daily sentiments now turning bullish with last 3 trading days ended in strong bullish candles. Coming days, gold is expected to test 1950 - 1974 levels where prices were previously rejected with either minor or medium pullback expected before a major uptrend commences for the precious metal.
A minor pullback would see gold retesting the swing high violated...
With gold unable to find rejection last trading week, price continues to go high. Coming week, the precious metal requires great "bullish power" to rally above 1926 level (1). If 1926 level is violated, gold will be going for the bearish order candle (2). If gold price tested (2), sentiments likely to have changed to bullish & any pullback will be a BUY for...
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1851.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI resistance #1 at 62 is not broken, the probability of price increase...
XAUUSD 21% before rise. My analysis assumes that the XAUUSD 2x ATR rises. The current under construction fractal is exactly twice the first fractal motion trajectory shown in the figure. In case the analysis is correct then the rising track target price is 2309 usd.
silver and the metals look bullish on daily and weekly chart, so as traders its our job to find an entry, i believe the current consolidation is perfect entry point to target higher highs, as dxy and economic state worsens. give me a like it really does help get me noticed! and be able to post more big winners ! much respect
“Make it simple, make profit”
Don’t forget to
“Follow” me and press “Likes”.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for October 21th .
This is a 30 minute chart short position strategy.
Check the green resistance line / blue support line convergence.
And , Pay...
Probably the most simple outlook we've had on gold for a long time.
Clear ascending channel creating Higher High's and Higher Low's, ideal buys would be off the 3rd trendline touch, with sells only applicable with a break of the structure.
Also, above 1915 and below 1930 is a no trade zone for me - the grey area represents DAILY resistance. Strong resistance...
gold just reached a strong falling trend line .
for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move.
I will pay attention to a support line of a bullish flag pattern.
in case of a daily candle close below its support, bearish continuation will be highly...