Gold CFD is looking to take the trend to the long position. I could be wrong and it could be a retracement or not. The trend shows that it could change direction to the BUY Position. Wait for a the 4 HOUR candlestick to clear and there might be a clearer answer.
GOLD has been creating lower lows todays. It fell twice in 8hours during the day. It has created a double bottom on the resistance line. Tuesday 30 Nov may be the day Gold gains the momentum to the upside. I do think it is going long from tomorrow to Friday 03 Dec.
With this analysis, I would like to bring you closer to several formations that could drive the gold price up in the long term, at the end I also go into the current happening in the hourly chart. 1. Superior Cup and Handle Formation in the Monthly Chart As you can clearly see in the monthly as well as in the weekly or also in the daily chart, the price...
GOLD 5 point swing LH to HH RSI hit Higher Level Keep Tune .......with Us
GOLD After impact news gold was dropping deep at level 1754.50. Now was start back to recorve price momemtum up to level 1787.80 Keep tune with us .....
Gold Xau / Usd Un trade zone Keep tune ............
Gold has faced a downtrend from past 2 weeks. Now it is showing its strength can test 1789 today.
Wait for a buy signal on lower time frames. The trend is respecting 200MA and MACD shows a bullish bias. Targetting 2000 resistance level. XAUUSD / GOLD
Price formed first impulse up of the 5 wave.