XAGUSD is approaching its resistance at 15.61 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 15.03 (38.2% Fibonacci retracement , horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 100% where a corresponding reversal could occur.
XAUUSD is approaching its resistance at 1286.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1242.90 (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 approaching our first resistance at 1288.99 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1266.85 (horizontal pullback support, 23.6% fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we...
XAUUSD is approaching our first resistance at 1288 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1266 (horizontal pullback support, 23.6% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop...
Gold has been the major beneficiary of the global sell-off on the stock markets as it has been fundamentally gaining in value (acting as safe haven) despite DXY's technical long term bullish trend (negative correlation should exist there). Going against the trend is not advised but should only be done on smaller time frames to offset the risk of reversal. The 1H...
idea; somanypips IG going long on the retest of prior resistance
We expect rising of gold to zone 1294 - 1303. A retracement can occur.
Gold prices managed to hit above the 100% fibonacci extension of Wave A ($1277), at $1280 levels yesterday. Please note that the lower degree wave counts with Wave C were pointing towards $1270 levels and we have been neutral since then. Also note that we can count 5 waves within Wave C as well, with larger degree fibonacci extension met at $1280 levels. If the...
It wasnt many years ago when gold was in a consistent bull trend. Each yearly candle was green. We could be returning to those days if this chart comes true.
Gold prices exceeded the projected extensions today by pushing above $1270 mark. It is seen to be trading around $1274 levels at this point in time and is expected to find resistance any time soon. Please note that the corrective rally (A-B-C), that had begun from $1160 levels seems to be now complete with Wave C hitting potential targets above $1274 levels. Also...
XAGUSD is approaching its resistance at 14.90 (100% Fibonacci extension , horizontal swing high resistance) where it could potentially reverse to its support at 14.65 (61.8% Fibonacci extension , 23.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
Hello everyone, We are finding a bullish bat on XAGEUR, The entry will be divided into two, you can find them on the chart, everything as shown. trade with care. cheers
Gold prices hit $1266 levels last week, hitting the fibonacci 0.618 extension of lower degree waves i through iii as presented on 4H chart view here. Please also note that Wave C, within the corrective rally A-B-C structure might have completed its rally unfolding into 5 waves labelled i to v here. It is quite possible that prices hit $1270 levels before...
The small bearish divergence was detected as a harbinger of soon reversal in the gold. All waves are there and the drop could retest former valley of $1122.
Final analysis for 2018 with XAU Gold advancing into the $1,265 region as expected and not showing any signs of a pull back just yet. I am still backing this fall to challenge $1,220 in the coming month of so of the new year. Yellow projection: Price could drop from current levels on a 1hr time frame, but overall could respect the red square. (100% extension...
XAUUSD is approaching our first resistance at 1263.30 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement, ascending channel’s resistance) where a strong drop might occur below this level pushing price down to our major support at 1250.19 (23.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (34,5,3) is also...
XAUJPY has been trading within a 1D Channel Up that is now on its Higher Low limit (RSI = 50.211, Highs/Lows = 0.0000, MACD = 335.230). The declining Higher High sequence however may push this time slightly lower creating an alternative marginally tilted Channel Up (dashed parallel lines). The long TP is 142915. ** If you like our free content follow our...
XAUUSD is approaching our first resistance at 1263.30 (horizontal swing high resistance, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1250.19 (23.6% fibonacci retracement, 100% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and seeing a...