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- Strcuture: Downtrend
- Tendency: Downward
- Candle: Bearish outside
Pullback then drop
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm.
The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
Price is above ...
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).
The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're ...
Been on a good run recently... if you followed any of my trades you would of been in a healthly profit.
Holding GJ, UC now short on gold for a quick move...
5k soon then 50k easy... talk out loud and things become more clear.
No emotions just keep on going...
Double bottom and double top - wait for bounce from bottom zone
Good luck !
A simple moving average (SMA )is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. A simple, or arithmetic, moving average that is calculated by adding the closing price of the security for a number of time periods and then dividing this total by that same number ...
WTICOUSD is approaching a round. At the same time, it can not be excluded even to a 58usd level. We do not expect any further downward movement. The upward dual wave structure has a target price of 69 usd.
- Double top
- Reversal candle
Learn how to draw fibs correctly with this introduction video
The monthly chart of Gold is telling. The down trend line from the 2011 high has provided a bounce. We should expect this support to hold temporarily because of its long term significance. We have also pierced the lower b band, suggesting the market has swung to an extreme. However, the poor fundamentals of Gold do not alter the downward trajectory.
Having not ...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
- Test resistance daily--> Given pinbar
- ABCD forming
- Upward: Weakening
- Below resistance
You can be sure that Gold (XAUUSD’) found support back in August and is ready to make a strong move up. Let's take a look at the chart and see why I believe this to be true. Please allow me to entertain you for a few minutes...
So, let's get started.
Gold (XAUUSD’) Analysis by Alan Masters
We start by looking at the main chart above, which is set to the ...
Good morning so Here we just have a small example of a defending wedge pattern to show you how it suppose to work on trades. Please feel free to comment.
On this diagram it does show that it breaks out but it could fall down to the resistance line and then shoot up. for a signal to buy. We like to trade this when it breakthrough the wedge and comes back for ...
- Tendency: Downward
- Below resisitance
--> Waiting signal=> Sell
In the screencast I show how it is simple for me. Why? Because I'm not in the business of prediction.
All I know is what my acceptable loss is, where the trend is and that's about it really.