a strong upward trend in this market so an increase we will buy signal buy Intraday trading pro
Gold has broken the trendline and has retested it. Breaking down from the bearish wedge should cause a sell to the 1700 level.
Two possible graphical scenarios for Gold. They are only on a graphic level, without considering anything else.
What a time to be a trader...and what a day! U.S. markets gapped up and held their gains throughout todays session after Moderna, Inc. reported positive phase 1 results of a potential Covid-19 vaccine. Could it really be that simple for the bulls? It'll be interesting to see how the market reacts when the Fed Chair Jerome Powell speaks at a scheduled Senate...
The upper limit in the symmetrical triangle pattern has been broken. In our recent analysis, we have mentioned that this pattern may be crucial for the gold market. What is more, if the recent top at 1747 USD will be broken too, we may expect another rally. The textbook target is located at 1813 USD and it is set by the height of the triangle pattern. The nearest...
GC Futures High probability to ride up to the price 1740.00 USD Send me message for more ANALYSIS and PRIVATE IDEAS 📧 📧 📧
Use this as a guide to develop your view of the chart. Main items we can see: a) We have a clear Weekly support resistance zone that worked as a resistance for a long time before was broken with a bullish movement b) Now item a) is working as a support c) On the Support, we can see a Triangle Pattern that is now completed and close to the breakout d)...
The price of gold has been creating a potential symmetrical triangle pattern. The price is still below its upper limit and above its lower limit. These lines are the potential and nearest resistance and support areas for the market. The textbook target could be set by the height of the triangle pattern. If its upper limit is broken we would expect a rally with...
If a bull market in precious metals is truly underway, we want to see silver outperforming gold!
I'm not going to pretend to know what's going to happen to stocks...in Dollars terms at least. I'm also concerned about a spike higher in real rates due to deflation. That said, I believe the long-term reward in being short stocks in gold terms is massive. Keep your leverage under control and add to the trade over time.
GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it...
Ascending Triangle - Continuation Pattern The Market is bullish, so, based on technical Analysis the Market should go up The top resistance line has been broken. It might go up to 1780 USD
The real move happened in terms of Bitcoin priced in Gold..