XAUUSD lacked the momentum to get through FIB 618 and fell down again. We have a double top and it shows as a resistance zone (blue rectangle). I think gold may go back test the bottom of the bullish channel before resuming its trend. Trade safe!
Possible Friday intraday trade with 2 targets. GL Mid Term still remain 1307, if you have any buys for that target at lower levels move SL to BE.
Since price has been following upward to retest resistance (down/green) trendline, it can attempt to test other resistance: the past high swing & resistance at that price as is (blue line). Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but...
... starting to see risk enter back into markets here via DJT with only Japan halting the possibility of a clean sweep. BUY GOLD ABOVE 1230.x WITH SL 1205.x -> TP1 1288.x -> TP2 1330.x -> TP3 1423.x Updates over past week -> Earnings season is finally over (phew). -> Significant flattening in China . there is a strange dynamic that happens when the...
We are shorting XAUUSD based on Mongerskit generated signal, the last signal was generated a while ago (1/5/17) but the direction remains the same. we are waiting for small pullback and some consolidation and we are ready to buy.
SO MANY CONFIRMATIONS AND WAITINGG NOW TO BREAK THE 61.8% ZONE 1219 NEXT TARGET !
GOLD is breaking trendline + we can see clear MAs cross in the view. Overall I see gold on 1300 are within next 3 weeks, but now its neccessary to make some kind of pullback. I'm in short for short-term now
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Update for the previous Idea. First of all glad that Friday I closed my sells from 1258 at 1240 because had a feeling about bounce up to 1247. New month data came in and I notice an alternative view that we can have the first move up to 1262 as well that I pointed out in the previous chart. My first entry is at 1247 that means 15$ DrawDown which for me is...
Took a break from Short positions on Friday at 1240 with great profits. Re-shorting starting from 1247 if we get a pullback. Same target 1225.
Gold is still Bullish. We stole some cash from him already. Hopefully, he is not mad for that as we steal more, but not too much as we can get in Jail. Don't know about you but I suggested to close the shorts ( Pyramid Principle ) that we had from TOP - Friday at 1240ish because we can have a bounce up to 1247, and sure enough it bounced giving a chance to...
We started to build long positions before FOMC interest rate decision and caught +/- 50$ move. We started to build short positions from 1245-1258 and while waiting for 1225 to be hit ( hopefully ) meanwhile preparing some future plans based on the analysis I have. Gold is accumulating bull and I do think it will enter 13xx.xx in couple weeks. I was monitoring...
Hi guys, i don't trade gold yet but i want to apply some of my structure analysis here for i think this could be interesting. As you can see price is now testing a resistance zone, that also lines up with the 618 retracement of the bigger daily leg. On the bottom of the screen you can also see some divergence on the RSI. At the moment price is also showing some...
Honestly, every single recalculation shows one damn bull in the background. If pyramid works out and gold drops it will lead to heavy buying afterward. We have possible monthly breakouts, now the 2nd one with bullish accumulation target 1277 and 1304. If we get a drop, buy gold . I would not be surprised to see an extended leg up now around or above previous...