XAUUSD is approaching our first resistance at 1323.81 (23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1313.19 (76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on...
New highs? Holding this until the end, stop very tight will simply re enter
XAUUSD is approaching our first resistance at 1337.19 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1327.43 (horizontal overlap support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding...
XAUUSD is approaching our first resistance at 1337.19 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1327.25 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and we...
Hello Traders, today we take a look at XAG / USD - Silver Price has broken below an important Daily S/R level in which we can expect our next target Support to be 15.33. From here, we will monitor price action for a run towards our Daily S/R once again, or a breakdown for Silver to our Range Low of 14.30~ Twitter - Telegram - Signals
After an already impressive few months, gold doesn't look like it is ready to have a more meaningful pullback just yet. This morning a large pin bar formed as price broke below horizontal and trend line support and then immediately popped back up. In candlestick analysis, these are fake-outs that we look for to fuel moves in the future. As price broke below...
Gold is currently trading to establish a support on 4H following last week's pull back to a new Higher Low within the 1D Channel Down (RSI = 62.099, MACD = 8.790, Highs/Lows = 3.9014). With 1D on High Volatility (ATR = 9.3829), the price is more likely to consolidate and try to establish a support sideways on 4H before the final test on the 1,357 - 1,366 Multi...
We have a strong trend ( TL ) line formed which has been respected a number of times, I'm sure you can point out where! Now our overall outlook on Gold is long ( bearish ) but we could se a slight pullback to our trend line before price takes off again. We are bullish long term on gold because we can see the mess the US economy is whilst other people continue to...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
- KUMBA IRON - looking bearish to me not much fundamentals looking to push it really high so i would remain bearish on this
Gold is approaching a sell signal on its 1D Channel Up (MACD = 10.130, Highs/Lows = 21.9428, B/BP = 42.7360) and the RSI is next to turning overbought (RSI = 74.891). When the Higher High of the Channel is made near the 1357 - 1366 Multi Year Rejection Zone (hard selling for the past 5 years) we will go short aiming at another -1.70% pull back (based on the...
As you see on the chart H4 above, this pair still bullish mode, watch out..
Gold is at a solid resistance level at the moment, And we could see a slight pullback into our support and resistance zone ( green box ) before price then smashes through our key resistance level again, After 4 days of bullish movement the buyers need a little rest before they get going again. Long term we can only see gold moving upwards as we have explained in...