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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
GOLD-(XAU): Fundamentals and Technicals Support This Next RUN Fundamental Analysis: It was always made clear to me that Gold is the "Safe haven" where money is shifted to in times of uncertainty and fear. Gold is also commonly bought to be used as a hedge. Take the tariff war that is currently going on between World Leaders, the increased tariff rates seem to have no limit. In return, the inflation to the US Dollar will have many people with their sights on Gold. A few examples of recent gold bull trends during down markets would be in 2002-2007 when the dollar fell drastically (40% against the euro). Gold also ran 240% in 2008 when the bank treasuries credit giveaways were discovered where gold found itself surging to $1,895 in 2011. Technical Analysis: The Markets were hit hard last week and during this time we saw Gold make a strong move to the upside, breaking out of its 3 month falling wedge to finish the corrective Wave 2/5. As we begin our impulsive wave 3 up, my fib measurement on this completion is sitting around 1450, where I believe we will be rejected for a corrective wave. I would like keep a close eye on the volume to see if it will pick up, However I see clear skies concerning the Volume Profile (VPVR).
FX:XAUUSDLong
by wolf_rojo
Gold - great upside potential?XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest. Trade is Long Gold cmp (1387) Stop Loss: 1353 TP: 1528 One should never risk more than 4% of his/her account. Thread carefully, Nick
OANDA:XAUUSDLong
by NickBlack
2