Gold is presently facing both buying and selling pressures at its current price level. With the daily continue to be more bullish, we could see gold breaking the swing high at 1486.774 before the end of December. This will be another bullish December month if that happened.
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In the chart we are looking to take longs as the bulls are nearly ready...
Sell OANDA:XAUUSD
Tendency: Bearish
Indicators: Resistance line.
Oscillator: Stochastic
Fundamentals: Strong stock market performance TVC:SPX
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GOOODLUCK
The analysis shows that gold may be ahead of a sustained rise. The last accumulation fractal is copied (blue field). Therefore, I assume that within a week, the exchange rate may move towards a more permanent upward trend. The figure also shows another important detail. The current accumulation fractal has twice the amplitude as the copied original fractal. From...
Hi guys,
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XAUUSD (Gold) Long, my reason why. Taking fundamental...
I was asked a lot to give you an update for gold .
since my last post we see just minor changes:
currently, the price is coiling within an expanding wedge pattern.
I believe that we will see a new higher high with the wedge soon.
But remember that 1482 - 1486 is a strong zone of supply
and we will anticipate...
Hello.
It’s BitCoinGuide~
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I will begin XAUUSD Gold Chart Analysis for December 20th
This is an analysis last Wednesday.
It's an AUDUSD 30-minute chart.
As you see ,There was no movement.
Today's XAUUSD Gold 30 Minutes...
Gold is currently in a bear flag within the bull flag on the daily and weekly chart.
Gold has rejected the top edge of the bull flag several times and once again.
We are looking to break the bear flag first before we look to break the bull flag.
TP: 1463
SL: 1482.5
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Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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