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 15.59 (23.6% Fibonacci retracement, Horizontal pullback support 50% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding...
The current upside move looks too large compared to the preceding downside move, which has been retraced lately. In this case, one of the possible ways the waves would emerge is the triangular consolidation abcde white in wave (b) yellow. The other option is that we already have bottomed in wave (b) at the point where I set the end of wave c of...
Sun 06.Jan.2019 Ticker: XAUUSD LAST= 1,285.15 Gold movement during the last few days showed a Bullish move, with a recent high price seen on Fri 04.Jan.2019 at 1,298.62. During the next few days the price is expected to go up to 1,303.50. The Short-Term view is expected to continue to be UP as long as the price is above 1,283.73. And, as of now, as long as...
XAU/USD harmonic bearish bat pattern. Targets are shown
Good evening traders, Let's take a quick look at a short term trade opportunity with gold. Bearish Key Points: Hourly: 1) We have bearish divergence on RSI, MACD, and VFI 2) Sell signal on vigor 1H, as well as daily beginning to roll over. Bullish Key Points: 1) Daily chart is good. While we had a bearish candle print Monday, it was not followed through...
If gold can clear this overhead resistance, next will be the $1365 area. Once price closes above that, the bull will probably be unleashed.
XAGUSD is approaching its resistance at 16.03 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse to its support at 15.25 (38.2% Fibonacci retracement , horizontal pullback support). Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Gold prices continued to rally yesterday while the US Dollar gained across the board, which is normally unusual. The yellow metal has now touched $1289 levels, which is the past support turned resistance zone as presented on the daily chart here. Further please note that the rally which began from $1160 levels earlier, has crossed the 61.8% of Wave ((C)) within...
Target: 1316.00 Risk: 1260.00 Technical reasons: Gold price achieved our positive targets and the price shows more rise to surpass 1286.85 level, indicating the continuation of the rise to visit 1300.00 as a next target. More bullish bias is expected conditioned by the consolidation above 1260.00.
XAUUSD is testing its resistance at 1290.02 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1267.70 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
XAUUSD is testing its resistance at 1287.98 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse to its support at 1256.55 (38.2% Fibonacci retracement). Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop may occur.
XAUUSD is approaching our first resistance at 1290 (horizontal pullback resistance, 61.8% fiboancci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1261 (23.6% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89, 5, 3) is also approaching resistance and we might see a...
Gold is about to complete a Rising Wedge pattern on 4H (RSI = 65.915, MACD = 6.160, Highs/Lows = 2.7286) which is followed by a moderate decline (-1.58% and -1.48% in succession) based on its previous candle volatility. With 1D still on an aggressive buy action (RSI = 74.395) this is expected to work as a technical relief pull back on overbought data (STOCH =...
We have been calling off to refrain from holding long positions in Gold since target hit at $1270 levels earlier. The yellow metal since then has been extending its gains which normally is the case of 5th wave extension. In this structure, it could be a possible wave v extension within Wave C, of the A-B-C corrective rally that had begun from $1160 levels earlier....