We are seeing a good bounce this week. The weekly chart for 2017 looks very promising. RSI is turning up from hitting 30. MACD will cross in negative territory. MA50 is crossing MA200 this week. We printed a healthy correction for the 2016 rally. The fundamentals for 2017 alse look promising DXY made a 14 year high, a serious correction is...
IS CLEAR IS HEADING DOWN AND DOWN BUT WE SHOULD WAIT IF IT BREAKS THIS SUPPORT ZONE ! I AM PLACING A SELL ORDER @ 1193.00 AND TP 1150.00 TRADE WITH CARE !
new higher high was created as the market react on trump, hello bulls keep it simple and stupid! watch your money management! this is my idea the risk is all yours!
ON THE DAILY CHART PRICE IS MAKING ITS FINAL PUSH BEFORE A BREAKOUT FROM THE BEAR FLAG PATTERN. PRICE WILL MAKE ONE MORE FINAL DESCENT TO THE MAJOR SUPPORT TREND LINE. WAIT FOR THE BREAKOUT OF THE FIB AT THE 1355.02 LEVEL. STOP LOSS IS 1338 LEVEL. THERE IS NOT PROFIT TARGET ON THIS ONE. JUST FOLLOW THE TREND.
ON THE CHART PRICE RETESTS THE 1308 ((0.618) Fib level. PUT A BUY STOP AT THE 1310 LEVEL AS SOON AS PRICE IS READY TO 'TAKE OFF''. STOP LOSS JUST BELOW THE MAJOR RESISTANCE TREND LINE. LIMIT SHOULD BE THE 1348 LEVEL. STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.
I dont know when will the gold touch 1310~15 this support area . if gold stop fall down around this area i believe gold will pull back to 1330 or more than 1345
Hi everyone! As i insistently said in my last posts, speculative movements are occurred under my green line 1. As i said again in this post " I see that after the price had touch to green line 1, a strong movements had came in 2 days and it touch blue line 1 least. " A strong movement had came! I keep my chart but i have added price labels and yellow arrows...
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: 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...
The chart is self explanatory. Scenario 1: - Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high. Scenario 2: - Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement...
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...
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...