-Price of Gold significantly fell during Friday's trading session amid strengthening in US dollar. -American currency supported by strong data on the US labour market. -NFP for July amounted 255 thousands, slightly less than the previous of 292... -AHE grew 0.3% The indicators recommend SHORT positions. Support : 1331.19 (local low) , 1327.10, 1320.00,...
XAUUSD continuation up in two posible ways... Maybe we have weekly downtrend breakout to up...
Earlier we were hoping for a short term short knowing that the general trend is bullish. We took 20 pips in the old trade and we have a new trade setup here. We have a minor channel embedded in a major channel, I have already bought at 1317 . I don't think its wise selling even if we do break to the downside but this scenario is quite unlikely. you can either buy...
Overview: Gold Comex fell to a session low of $1,313.10 a troy ounce, just above a three-week low of $1,310.70. Gold prices lost $7.60, as renewed expectations for a Federal Reserve rate hike later this year boosted the U.S. dollar and as investors looked to buy into rising equity markets rather than purchasing safe-haven assets. Gold has been under pressure...
Overview: The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4...
Trading C to D on Bearish Bat, possible D if it terminates.
Overview: The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining...
Gold is Heading north to test 1358. I think will break through. What do you think?
As long the price is trading more or lesse above the upside trend (since February`16) bullish! round about 1303 should be a bullish support area round about 1284 should be a bullish support area round about 1263 should be a bullish support area if the bears are winning the terrority backs, - even more or less around the 1303, 1284, 1263 price levels (and...
4XSetUp "Trading Capability" 1284.53 entry 1244.53 stop don`t loose your nerves, if the price fall back around the 1st target (more or less by 1284), around the entry (more or less by 1284) and around the stop (more or less by 1244). `Cause if the prices come back - and alle 3 price levels would hold the lines (more or less) the technical chart would look much...
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Gold FX:XAUUSD made a blow off top last Friday thanks to the Brexit panic. Now it should retrace/pullback at least 38%-50% of the move since 1st of June from $1,200 to $1,358. Overall Gold is in a new bull-market and in a strong uptrend. Therefore BUY THE DIPS. The next one should come in between $1,262 and $1,290... Stop has to be below $1,232 - better below...
Pivot: 1297.00 Most Likely Scenario: short positions below 1297.00 with targets @ 1272.00 & 1264.50 in extension. Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets. Comment: technically the RSI is below its neutrality area at 50.
The beauty XAUUSD metal, expose a powefull trend change pattern , and the trend can expose the next HIGHER High. at : $1330 /40 as 1 target zone. Is a fact buy here is a very risk trade, $1300 will provide some Bearish pressure, and the scalpers need work too.
Pivot: 1297.00 Most Likely Scenario: short positions below 1297.00 with targets @ 1264.50 & 1256.50 in extension. Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets. Comment: the RSI is mixed with a bearish bias.
Pivot: 1278.00 Most Likely Scenario: long positions above 1278.00 with targets @ 1293.00 & 1303.00 in extension. Alternative scenario: below 1278.00 look for further downside with 1265.60 & 1257.00 as targets. Comment: a support base at 1278.00 has formed and has allowed for a temporary stabilisation.