GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.
long can still be placed as there are still a big space to next big resistance, 3 rising valleys looks to be working well
Gold - weekly chart - I see price respecting the weekly support above 1300 level and this setup correlates well with my dollar analysis so lets roll out all my bulls!!!
Gold - weekly chart - 1400 coming soon
Important level support resistance and target
I prefer wait and sell during this moment...
We must see USindex and wait to Sell around 1330-1370.
And take profit at 1250-1200.
Gold has done well over the last week moving higher every day. Gold is coming to a key level again on 1300 -1306. This is the 5th time gold is testing this level and has only broken out once before back in August.
If you do a fib retracement from the low on May 2015 to this high of July 2017, you'll see all the key fib levels. The 1306 zone for Gold is key. It ...
XAU/USD soars to 1,259.00
After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA and ...
1.Support valid Resistance broken
2.Daily trend line Broken (Major validation)
3.Opposing level breached by Bulls (Major validation)
4.Profit margin 1:6 (rounded)
Long on gold after an ABC correction swinging to beyond NFP
Gold longs in play. Daily and H4 trend is bullish so we are buying on a pull back. This trade correlates well with my dollar analysis which has a bearish outlook technically. check my other posts to see the setups.
Potential bullish Bat formation here on XAUUSD - H1 chart.
We'd need to move quite some way (about $30) in order to hit the D completion so not something I'm expecting to trigger anytime this week if we make it down there at all, but in case we do, I'll be waiting! :)
Gold Daily chart - Expecting major bullish moves on gold technically and also due to dollar weakness
Close above falling trend line, retest of trendline which also happens to be a fibonacci level.
Long up to 1250
The long triangular consolidation in gold may be coming to an end, all patterns end eventually. The inflection zone sits just above the trendline marking the bottom of the triangle which means I will wait for a clear signal before opening the trade. The Fed will clearly have an impact on this trade and i will not take it close to a fomc or an NFP, caution is the ...
In our case we have trend line being hit and respected, historical support and resistance area respected thus far, 0.618 fib retracement on higher timeframe, and a 0.382 fib of recent bullish leg being our first entry.
You can see the breakout from the consolidation channel within orange.
Buying zones in strong light green.
If we close below 1260 we will most ...
GOLD - H4 - Longs in play. Break of recent highs calls for new highs. targeting 1325 with stops below 1254
Since my last post, my sentiment on Gold has completely changed.
I was awaiting a clear break blow the bottom trendline you can see on this chart. We did not get this - so I did not enter short. We infact got a heavy rally up from the last touch of this trendline, creating new highs and making me think Gold is back in Bull Mode.
From this area here (around the ...