Initial set up a pending order for the sell stop, thats now been invalidated. Looking for a change of direction confirmation. If that does not occur Ill be placing the sell top order again
I observed a bearish flag pattern on the 15-minute timeframe (TF15) for gold trading. After noticing the price break below the lower boundary, I entered a short position during the first pullback, targeting significant resistance for a short swing trade. On the 4-hour chart (TF4), one can also consider shorting based on the price pattern illustrated in the...
As we observe gold on the hourly, it was stagnant throughout today's NY session. I have also mark an ascending trendline. For me to jump in a buy I would need for it to crack 2337 and a retest. For a selling opportunity, I need it to break this TL and crack below 2327. I see this as a perfect opportunity for a breakout to happen on either direction.
Gold (June) / Silver (July) Gold, last week’s close: Settled at 2308.6, down 1.0 on Friday and 38.6 on the week Silver, last week’s close: Settled at 26.69, down 0.139 on Friday and 0.845 on the week Gold and Silver futures turned higher upon China’s open last night at 8:00 pm CT. It is important to remember China was on holiday late last week, which means a...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M The broader context suggests that wave (iv)-purple may have bottomed out at 2285.2, allowing wave (v)-purple to unfold upwards. In the short term, the completion of wave (iv)-purple in an ABC pattern indicates that the upward movement from 2285.2 suggests that wave (iv)-purple may have ended. Pushing...
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes. So I believe we push on higher but at a junction right...
The only chart you need right now. #gold momentum resetting volume resetting
If Sustain above 2309.6 then 2324.6 to 2325.9 or 2328.5 to 2331.3 or 2333.6 above this bullish then 2347.1 to 2353.8 If Sustain below 2302.0 then 2286.1 to 2283.0 or 2280.7 to 2278.0 below this bearish then 2263.6 to 2256.9 or 2254.1 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or...
Overall we are trending up on the weekly time frame. We are now having a pull back. The previous weeks candle closed very bearish. We have a weekly gap that we need to fill and it looks like within that gap, there is an area where price had a lot of aggressive buyers & sellers. This price tag is 2262.3. I will be looking to short that once we break out of our...
I think we should be looking for shorts for Friday May 3rd
? TAKE LONG POSITION AND TRUST THE PROCESS , REMEMBER NO FEAR
Attached to related idea Grey zone I expect to act as resistance In shorts right now
if Sustain above 2318 then 2333.0 to 2336.0 then 2345.8 to 2347.3 then 2354.4 to 2357.0 then 2373.7 to 2377.2 if Sustain Below 2318 then 2311 then 2309 to 2305.5 or 2302.9 then 2291.7 then 2281.7 then 2274.7 to 2271.5 or 2268.5 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a...
There is a possibility of further upside. It will break through the highs upward.
Gold is very often able to outperform US Dollar (vs foreign currencies) strength in its bull eras. I made it easy for you to spot when the march upwards resumes on this daily chart. Now don't say I can't help ;-) #gold #dxy #usdollar
we can look for a bullish entry on gold cup & handle pattern formed over all trend bearish small bullish entry