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$GOLD #GOLD will it behave or be irrational? #XAUUSD$GOLD #GOLD will it behave or be irrational? #XAUUSD ======== Prologue ======== Gold has been on a makro view in a uptrend but painting now lower highs and lower lows on smaller timeframes it is maybe coming into exhaustion. Given past market condition of retracing Index & Stock market prices it gained because in general Gold is viewed as a safe haven asset. This state of uncertainty makes a little bit harder to apply technical analysis because at any point an irrational move can happen. So we need to take this irrationality in our risk Management calculation and be prepared. ========== Macro View - Neutral to Bullish ========== just to sum it up on a Makro View (Weekly, 3Day, 2Day and Daily) nothing has changed. Gold has not broke the 0.236 Fib Retracement to the downside and is still in a Macro Uptrend. ========== Mikro View - Bearish ========== Looking at the H4 Chart the Stochastic oscillator is leaving the bullish control zone crossed and pointing down. Also we because we are painting lower lows and lower highs on the price chart and RSI we are in a downwards channel The RSI is trending upwards, regained the EMA and ist still above it but is confluent with price still in a downward channel. The upper descending Trendline of the downwards channel is creating resistance around the 1520 price. ========== Key Levels to Watch ========== 1.) Resistance 1520 (Downwards Channel and Start of Resistance Zone) 2.) Resistance 1550 and 1st Target of a upside move 3.) a Break of the Downwards Channel to the Upside is pointing to 1580 (measured move) 1.) Support 1485 2.) Support 1460 - 1440 (Support Area and lower trendline of downward channel) 3.) Support 1420 (Measured move from break of 1485) 4.) Support 1375 (Major Support and measured move from downwards channel breakthrough) ========== Have your stops in place and trade Safe! =========================== You can copy and follow my Trades on eToro www.etoro.com =========================== $GLD $GDX $GDXJ #GLD #GDX #GDXJ $NEM $GOLD. $HOC.L $2899.KH $BOL.ST $XAUUSD #XAUUSD #XAU #TRADINGGOLD #GOLDPRICE #TECHNICALANALYSIS
FX_IDC:XAUUSDShort
by koboltrading
Gold (XAUUSD) Rally Soon. Stock up on Gold In the times of crisis, it has been recorded in history that people stock up on Gold in fear that their economies are crashing or some global event is taking place. Gold has been rallying for over a year now and I do not see momentum slowing anytime soon. I will enter long shortly, but waiting for a solid break above 1550.00 before entering. If price falls below 1300.00, then I will go short for 200 pips and track the downtrend, protecting my shorts from any rally along the decline.
FX_IDC:XAUUSDLong
by bajapips
XAUUSD / GOLD - Bullish Gold is bullish... Buy now and hold till you can.... you will never disappoint and i repeat. price was reversed from the 0.382 fibo level to upwards and bottom line of bollinger band is providing strong support to push gold much as high. RSI history data shown us that if price was reversed from 40.16 level price gone up. you can see the round circle of in 0.382 fibo level how is the price movement. From all of these confirmations, what i can tell is GOLD is back to his bullish momentum till 1600 or more for long term. Note: Trade at your own risk and fundamental can affect to the analysis but no so much :) Like and comment on us. share your ideas...
OANDA:XAUUSDLong
by TuanMSallay
20