Gold (XAU/USD) is about to retest the trendline before Shorting
Gold about to retest the about trendline before going more downwards. there is also a probability of price may not retest the trendline and continue the same direction of selling. I will update you guys time to time about this pair have a close eye on that pair.
Comex
GOLD: Week12Hi Guys,
since week9 Gold be forming a distribution channel representing a bear rally before extending the correction.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
What's in Gold Now?Hello Everyone,
So, as per the previous posts, We are on the short side in Gold & now it important to watch that Will the gold give today's closing below $1304 or not. If below $1304 then $1285 will be the next stop.
#stocks #trading #tradingstrategies #equities #technicalanalysis #markets #stockmarket #chart #bloomberg #chat #strategy #shares #lessons #traders #research #training #pattern
Utsav Babbar
Gold rising in uptrend reach upper end of channelGold shows good strength in uptrend, every pull back lower used by trader to enter in long side.
Now price reach critical juncture and near upper end of channel.
Trade below $1270 in 4 hour charts can push price lower either by profit booking or bounce in dollar index.
Gold Future breakout from falling wedgeAfter G20 meeting and outcomes related to pause of trade war between US and China brings Dollar index to cool down from High level.
Technically Gold future continuous contract breakout from falling wedge pattern and to consider this breakout and price forecast it can rise up to $1261-$1266.
Now $1222-$1224 act as support.