Bullion
GOLD on resistance. MASSIVE short!
Hello, Traders!
GOLD has reached the resistance line I was talking about.
Now, its time for GOLD to go down.
Because those who bought from support will be closing their longs
Taking profit and hedging
Bears like us will be amassing short and selling
Thus I expect gold to retest support
Sell!
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XAU-USD(GOLD) will go DOWN from resistance. Sell
Hello, Traders!
GOLD went up from support just as I predicted!
Now the precious metal has reached the falling resistance lline
And will most likely respect it
So it will fall from it
Target=falling support
Sell!
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GOLD COMPLETE TECHNICAL ANALYSIS| ALL YOU NEED TO KNOW!
GOLD is trading in a rising channel with the smaller rising resistance mid-channel being the closest to watch.
We've missed all the long opportunities so far as any buy now will be a buying high with dubious risk-rewad ratios.
Thus we are looking at a short. The first good looking short area is the confluence of the rising resistance and the horizontal key level.
There, I want to see a sign that would convince me that the rally has stopped and I will be looking at the reversal signals then.
The target is now the broken horizontal resistance that was also the higher high of the 2012 rally.
For the full analysis please watch the video.
Thank you for the attention. Feel free to ask questions in the comments!
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See you all then!
GOLD mid-term bearish bias building up
GOLD is trading in what might be a bullish triangle OR a bullish flag
Which means that eventually the pattern is likely to break upwards
Yet the current buildup of the similar in nature resistance structures
That are mounting on the lower levels than before
Give us a decent chance GOLD will show one more lower hight
Break downwards
And retest the support at which point we will know if its a triangle or a flag and retest the resistance structures for breakout again
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Bullflag on the Daily for Silver ?Not having a bias on silver at the moment but, Considering the price rise of 162% in 140 Days from the lows in March was quite a large move for Silver, When looking at past prices it took 819 days to reach the $30 mark.
But overall I think a pullback to the 61.8 fib level of $18 would be a healthy correction before we start moving up.
That gives us time to buy in for the long run :)
Gold Views Oct 4-9th, 2020 Correction before fall?Our views of Gold for the week are a continued price correction to max
$1930-35 price zone
If achieved, we wait for bearish price action to occur
Then ride the Down Trend continuation to $1818.
OANDA:XAUUSD
Always risk only what your ok to lose.
The Trading Regime.
What can Bitcoiners & Gold Bugs learn from a Doji in BTC ShortsIt looks like a Doji in Bitcoin Shorts favours the bears either from the start or with a trap. Bulls need to work out if worth learning to trade this info. Gold bugs also need to take note. Also worth noting last example was in a bitcoin uptrend therefore bears may be out of luck this time. A Bitcoin Longs study will follow this one. CAVEAT - small sample size. NOT ADVICE. DYOR.
Gold Short offering 5x RR + Long offer 8X RR + Bullion Buy ZonesHere I've market a Short Term Short on Gold offering 5 x RR to recent lows.
Once the low is tagged we will be within a great buying zone for bullion in the form of physical #Gold and #Silver as well as revising Gold and silver mining stocks.
Please see my other posts on a Silver miner i'm building my position into which i believe will see over a 60 x over coming years (see below)
This week i'm looking for #USD aka #DXY tagging 94 big figure, being the catalyst for forcing gold to tag its recent lows.
IF USD tags 94 big figure before Gold Short Entry is triggered SHORT trade is no longer valid and will be waiting for Long trigger zone + bullion BUY zone
Make no mistake the FED can not continue to print money at the current rate without adverse effects.
To hedge against risk of leverage and maintain a long term hold to support this view i'm a big fan of miners as a longer term play. Plus stack the physical.
Don't forget they will do what ever is required to separate you from your money - Protect your bank!
Click Follow if you want more analysis around #Gold #Silver #Forex #BTC and other low cap alt coin projects.
SMTP
Gold; Life below $2000,00 againFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
Prices collapsed into a long-term ascending channel before quickly recovering. Prices are yet to stabilize and create a better technical structure.
Gold falls from graceFirstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you!
Prices collapsed towards the 7-month ascending channel. The bearish momentum will likely rest when prices have reached the MA for support, if the long-term bullish trend is to continue.
Bullish Garley Pattern on Silver ?Just testing a potential harmonic pattern on Silver that may play out.
This one is called A bullish Garley Pattern, where price forms an M you get your High followed by a lower High before a pullback and then price shoots up again.
So if this trade were to play out following the Bullish M pattern we should see a price pullback to the 50 Fib level before the next run up.
Also trying out the Gann fan to see if price follows the 1/1 level that it has been testing the whole way since the initial bullish pump we have seen.
The Big Swing Completed Well, After a historical month for Gold my Big Swing idea has completed and successfully hit all set targets. What now you ask ? Well it's simple, 2100 by friday. 5000 within the next 5 years. Yes thats right, Its not stopping here, This is only the beginning of our adventure. A taste of the starters before we move onto our main course. Whats the main course you might think ? BULLION. Whats dessert ? LITHIUM. Shhhh i didnt say anything just keep your attention on Gold and be happy your sat at the table having dinner as a lot of people are missing out on this crazy bull run. For now B1GFUDG3 OUT!!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty nor do am i held responsible for any losses. Always do your own analysis and use the correct risk management.
Gold; Ascending ChannelFirstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you!
There has been a strong divergence between price action & the RSI. A breakout of the RSI triggered a bullish run that has taken gold
to new highs but still a far from the upper resistance line of the channel.