Gold prices might touch $1217 levels intraday before deciding further short to medium term direction it seems. As discussed earlier, Gold might have hit a major resistance at $1326 levels recently that has potential to remain a major top going forward. Also, on the shorter time frames, the yellow metal might have produced an impulse between $1326 and $1302 levels...
Dear Traders all around the world! If you want to support me, feel free to like & follow or even leave a comment! I'm always interested in your opinion. Today we're crystallizing out important levels for XAU/USD, as further development could lead to decent R/R setups. As highlighted in the left chart, we have two main similarities. Our current swing-move is...
Sun 10.Feb.2019 Ticker: XAUUSD LAST= 1,314.50 Gold Spot $/Oz movement during the last few days showed a Sideways movement, with a recent high price seen on Thu 31.Jan.2019 at 1,326.33. During the next few days the price is expected to continue to be in Consolidation between 1,320.00 - 1,305.00, but more biased to go above the upper band to 1,340.00 On the...
Gold prices completed an impulse at lower degree yesterday with prices forming fresh lows around the $1302/03 handle before pulling back. The lower degree counts are still suggesting that the pullback is not complete yet and there could be another push higher towards $1317 handle before bears could take back control. As we have been discussing this earlier, the...
XAUUSD is approaching our first support at 1296.54 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 1314.02 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a...
if that cant break "68fibo" pull back till "0fibo"
Looking for XAU to bounce from here to 1314 area before resetting short down to 1300 area. Expecting market to follow A-B-C waves. Should it fail to bounce then unlikely to chase the market lower
XAUUSD ( GOLD ) is currently ranging on the edge. We can see that trendline is still holding and we are awaiting break or bounce from the trendline for next direction. Also ranging box as we can see wasn't broken either way. For active and proper trade, we are waiting for break+retest of box or decent decline from trendline , which we approaching. I will...
I looked forward to upward move to continue, But looking at the Gold/USD, the falling wedge forming strongly in 4Hr time frame is important to consider. I am hopping this guy respects the channel once again and sell to the expected lower trendline. Should it break on the upward, we will get in and follow the breakout. Happy trading!!!!
Monthly Model suggests major low in precious metals is years away - Dec 2020 brschultz / markettimer777
Gold is currently pulling back after hitting the 1,325 medium term target, naturally seeking a lower price on 4H to accumulate new buyers. 1D is still a strong Channel Up (RSI = 62.141, MACD = 11.760, Highs/Lows = 7.2179) with 1,297 providing both a Higher Low on 1D and support on 4H. The opportunity to buy is at 1,304. 1,325 can be used again as a short term TP,...
As you see on the chart H4 above, this commodity can be bearish continue... lets see...
Sun 03.Feb.2019 Ticker:XAUUSD LAST= 1,317.65 Gold Spot $/Oz movement during the last few days showed a Bullish move, with a recent high price seen on Thu 31.Jan.2019 at 1,326.58. During the next few days the price is expected to retest the level 1,326.58 again. The Short-Term view is expected to continue to be UP as long as the price is above...
As you see on the chart H4 above, this commodity still bullish trend but the technical analysis will be push...
In great world super powers, there is,always a rise and a gradual decline and then another country becomes a superpower. Market Cycles Charts shows This is for the most part on how the economy of any civilization works from it's onset to it's eventual collapse. World History proves it again and again. the above chart Shows A detailed history of major U.S....
Waiting for a retrace to the previous resistance. If it becomes support then will buy in. Due to DXY moving up, XAU is moving down. This gives us a good opportunity to long.