XAUUSD is approaching our first resistance at 1337.19 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1327.25 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and we...
could be bigger breakout beyond 1310-1330 range $GLD $GDX $GDXJ $UGLD $SLV
Good divergence on USDJPY, this is a beautiful chance to sell. My first target is 112.600 (+65 pips) and second target is 111.800 (+140 pips)
GOLD WEEKLY VIEW COMMENTS NOW MORE TO OUR SUBSCRIBERS
XAUUSD Month GOLD Short TP1: 1170.00 TP2: 1147.80 Entry: 1216.90 SL: 1220.77 This is not investment advice
Gold has hit the 1322 resistance as I announced it in my previous short recommandation. The resistance and the bat pattern make it a good LONG ! Trade canceled at 1318.
If price reaches channel's upper limit, we have a potential short around $1352. Conservative targe t at 1322 where there was a double bottom. Aggressive target at 1306 where there is a strong support Fundamentals - Trade war worries are easing, gold should lose value (less "safe haven" investment). BUT watch for geopolitical tension with Syria and...
Everyday I will give you a trade direction, which you can go for limit trade in this direction in the area which is shown as limit trade area! If the two top's green levels will be broken, we forget about the limits and go for the instant buy deal, and if we see that the two bottom's red levels are broken, we will go just for sell. Today's suggesting direction...
XAUUSD SHORT term major resistance rejection expected, wait a daily reversal.
Gold has been consolidating over the last two and a half months. It did everything to confuse everybody. But besides all this short-term noise there has been a very important and extremely bullish development. The Slow Stochastic Oscillator is sitting with both signal-lines above 80 for more than 3 months now and has therefore converted into the rare embedded...
After touching support at 1330, gold turned up $27 and traded as high as 1357 . However, sellers came in and pushed it back to the 1345 level. What's next ? It seems like gold is still in a correction phase with possibly one more leg down. You can see in the chart gold is trying to climb back to the red trend line and hold above there. The last wave up from 1330...
Gold has formed a head and shoulders pattern on the daily chart. Now gold is testing the neckline support after forming a right shoulder at 1366. The neckline support should be around 1332-1337. If it breaks down from the neckline, head & shoulders pattern may kick in and gold will drop as low as 1240. Other supports are 1300-1305, 1280-1285, 1260-1265. Trade...