XAGUSD is testing its resistance where we expect to see a reversal. XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension ) Stochastic (21,5,3) is also approaching resistance where we might...
Gold prices have been undeniably bullish on the daily timeframe . Prices have been respecting a healthy uptrend since early December when a solid breakout above $1,240 was achieved. With the precious metal repeatedly creating higher highs and higher lows, bulls are clearly in the building. Gold has the potential to rally towards $1,333 once a solid daily close...
Short on gold earlier as descending trendline continues to hold allowing us to trade the range down to low 1305 area
Hello traders, I hope everyone had a great weekend. Markets open soon and we are going to take a look at Gold. Gold looks good for a buy this week. We broke impulsively from market structure and are soon to re-test this previous Supply Level. Watching our Daily Demand Block & 0.5 Fib level for entries and a strong reaction. A confirmed support within our...
Please comment and give me your thoughts on that!!!
Gold presenting bullish signs if it can break above this 1 hr flag. Target price is approximately $1,320. Yellow arrows: Preferred prediction as I believe the break above flag will be quite bullish. Teal arrows: Second scenario could see gold tag the trend line channel before making its way back up to $1,320 Started a new account with IC Markets using C...
XAUUSD bounced nicely off its support at 1303.98 (horizontal swing low support, 61.8% fibonacci extension , 23.6% fibonacci retracement ) where it could potentially bounce to its resistance at 1317.43 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement ). Stochastic (34, 5, 3) is bounced off its support where a corresponding...
Gold is consolidating on the 4H scale (RSI = 50.933, ADX = 22.695, CCI = 26.1120, Highs/Lows = 0.0000) within the 1,302.70 - 1,303.70 Support Zone and the 1,315.15 - 1,316.80 Resistance Zone. This creates a short term scalping opportunity. On the long term the bias remain bullish despite the increasing neutrality on 1D (Highs/Lows = 0.0000 but RSI, MACD still...
XAUUSD is currently in a consolidation state as the dollar falls, with support confirmations of the EMA i am looking for a long in GOLD to see new highs as DXY continues to fall
Im just drawing some lines on the chart. This is what i came up with. I am biased btw. im somewhat of a perma bull on gold.
XAUUSD is approaching its resistance at 1314.84 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1308.76 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.
I'm sure you can work out what we think price will do from or chart because we keep them so simple! Yes we are expecting price to follow our trend line up to our zone ( blue box ) This is a long term outlook so don't get mardy if it doesn't hit our target in 1 hour. Do it or regret it ;p
Believe it or not, it is just a matter of time before we could confirm that Gold has carved a major top at $1326 levels. The recent price action in Gold reveals that prices could be poised to print below $1300 levels if not further. With prices bouncing off from $1303 levels yesterday, it could be possible that a down gartley is underway before it resumes lower...
XAUUSD is approaching its support at 1298.44 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1312.27 (50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Good evening everyone, Lets take a look on both charts, Gold at left and Dolar Index at right Talking about we can see its moving inside a big channel for a long time now, the top of the channel is the 1350 level and the bottom is ~1205 level with a major support at 1185. Now after a huge rally gold might pullback to lower levels before continue the rally to...
Bulls do have a problem to move back above 1315 but still holding above 1300. If we see stronger dollar in coming days 1300 might be broken. In that case ( only in that case ! ) I will look to sell retest of 1315 with target around 1260/1240.