Gold is forming a bullish falling wedge on the daily and close to the season where gold is often bullish from December - February, I'm still bullish on the metal. A price fall to 1417 (circa) will be closely watched for price rejection and long entry...
very peculiar situation on gold .
analyzing the structure on a daily chart it looks like chances are still high that we will see a pullback
from current levels 1453 - 1460 and I still keep my long active.
it looks like selling pressure is also accumulating.
if bears will manage to break below the...
GOLD has just retested a very low price point region and has just formed a head and shoulders pattern on the 1 hour timeframe.
Along with RSI and MACD confirmation this enough for me to BUY big lots in gold holding this position till at least the 1494 price point, however we could be expecting all time highs!!
Hold positions for as LONG as possible :)
My analysis is a continuation of the previous one. In this analysis, I note that the exchange rate has created a "spike area" (red rectangle). The bottom of this area is around 1462 usd levels. Further increases are more likely. But the likelihood of turning north from this area is also increasing. Therefore, it is advisable to keep this in mind when placing stop...
Message me on telegram messenger, My telegram username is @Apex333
We are giving out for FREE our learning PDF ( Our online learning book ) This PDF will cut out all the rubbish and make you see the markets in a very different way, all this information WILL make you become a profitable trader!
All this is FREE with no catches so you really have nothing to...
The chart suggests that GOLD will regain upward momentum after hitting a well respected support zone (indicated in yellow) and possibly continue up to 1516.00 price points with the possibility to continue further into record highs.
However, due to golds volatility today the possibility of a breakout of this zone is looking more and more likely, which could be the...