XAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.50 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement ). Stochastic (34, 5, 3) is approaching its resistance at 99% where a...
we're expecting for price to rebound from this resistance area. Breakthrough's in China-America talks can change market sentiment to risk on taking money out of this safe haven.
a look at gold on montly. december was a bullish month, january is probably a bit of a breather month, and then it takes revenge in february possibly touching $1360 or thereabouts :) TL;DR Target for february is $1360 for now. Alot can change in the meantime so will have to revise :P I probably wont be updating this idea any further tho. Have a nice day.
Swing trade on gold Broke into consolidation range but failed to sustain the push. The bearish close which followed proved that the bull run has come to an end and we are now looking for a bearish leg
Gold is seen to be testing $1298 levels at this point in time and if it manages to break higher, the next resistance could be at $1310/14 levels. Ideally, the metal should stay below $1365 levels to keep the triangle structure intact. It remains to be seen how prices react around $1314 levels which is fibonacci 0.786 resistance as presented on the daily chart view...
Target: 1317.00 Risk: 1286.00 Technical reasons: Gold price reaches our first target at 1300.00 now, and we expect the continuation of the bullish trend to reach 1317.00. The consolidation above 1286.00 keeps the bullish trend valid, and breaking it will push the price to suffer potential losses on the short term basis.
XAUUSD is approaching its resistance at 1312.17 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1282.40 (23.6% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Using chart Analysis get ready to short or buy XauUsd
Gold has remained sideways since printing highs close to $1300 levels on January 04, 2019. The structure since then looks to be sideways until now, suggesting that there could be one more push higher towards $1310/14 levels, close to fibonacci 0.786 resistance of the earlier drop between $1365 and $1160 levels respectively. We have been suggesting potential short...
XAGUSD is approaching its resistance at 15.99 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 15.50 (23.6% Fibonacci retracement , Horizontal pullback support 50% Fibonacci retracement). Stochastic (34, 5, 3) is approaching its resistance at 99% where a corresponding...
I am expecting far more upside on Gold on the larger time frames and will use the H1 and H4 time frames for trade entries. I expect to see a corrective structure as indicated on this chart to form and will be looking to trade the long from the start of wave 4. There are of course reversal signs that I will look for before entering the trade. For more details on...
1. Hourly Pin Bar 2. Lower close of previous low hourly. 3.Increasing volume for downward pressure. 4. Price could not close above structure and 0.786 fib level 5. Moderate RR based on 1st TP. *Would wait for 4 hour close of lower low to put in another sell order.
Gold failed to get past the 1,300 psychological barrier and as a result the former Rising Wedge on 4H broke to the downside. 1D remains bullish (RSI = 62.076, MACD = 13.010), after previously reaching overbought levels, as it is currently supported at 1,266 - 1,268 (also the 0.500 Fibonacci level of the Rising Wedge). 4H however is on the early stages of a Channel...
Gold might have potentially formed a meaningful top at $1298 levels or it could be very close to form one soon. The next level of resistance is seen towards $1310/14 levels, where a bearish reaction could be expected if prices manage to reach. Looking at the short term wave structure, the yellow metal could be preparing to drop towards $1255/60 levels at least in...
Alright these past 2 days have seen golds price run stagnate a little bit, and the time to blow off some off this bulls steam is now since we are due for a correction of some sort. Dont worry though because this is a healthy part of the market, and is expected. Now the last major level falls exactly on a FIB level near $1234. I expect this level to be tested in...
Gold prices reversed sharply on Friday after printing highs close to $1300 levels. Please note that intraday low was $1278, breaking below $1280 support. Gold is seen to be trading around $1286 levels at this point and could continue dropping lower, going ahead. A potential top could be already in place around $1300 levels for now and if it holds, bears could...