Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Gold price is falling toward the strong support zone near 120x If the price breaks the support zone, look for pull back and short this trade. If the price bounce back from the support zone, need to monitor closely again. Trade with right risk management
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.
WITH ALL THE NEWS EVENTS TOMORROW GOLD IS READY FOR IT'S MASSIVE TRIP ON THE UPSIDE. CORRECTIVE STRUCTURE JUST ABOUT TO END AFTER A DOUBLE BOTTOM. EXPECT MASSIVE PROFITS TO BE TAKEN FROM THE 1316 LEVEL.
MAJOR RESISTANCE LEVEL AT LEVELS 1322-1319. BUY BEFORE 1322. STOP LOSS SHOULD BE BELOW 1318 LEVEL. PROFIT TARGET IS NEXT FIB LEVEL AT 1331.
Good morning traders, I hope you are all enjoying your weekend. This is my long term view on gold-0.50% over the coming years, I am asked daily where I believe the 'moon' to be, and given the likelihood of a crash I suspect we will break 2000 sooner than expected and begin the journey to 4000. This does not mean go out and buy XAU tomorrow, instead, buy the...
-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,...
We have reached a small potential reversal zone. shorting Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. Mongers Kit Mongers Kit is complete traders toolbox, with all the data...
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...
we have a minor and a major channel in daily. if we break the minor channel ( break the red line ) heading upwards, we can buy till we head to the top of the major channel and watch for price action there, we will either break the major channel confirming medium term buy or we test the end of the channel one more time heading down. or we break the minor...
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 on a daily chart bullish. Getting close to 1.414 fib and 1388 is Resistance. What do you guys think, does gold keeps rising or can we expect reversal. I would say there is a chance of reversal as RSI is heading to oversold.
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...
details on chart. can go much lower then my target, set your TP accordingly.