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FOREXCOM:XAUUSD Ticker: XAUUSD LAST= 1,238.45 Gold Spot movement during the last few days showed a Bullish move, with a recent high price seen on Mon 10.Dec.2018 at 1,251.88. The next movement is expected to continue to be in Consolidation between 1,245.00 - 1,225.00. During the next few days, Both sides of the consolidation band will tested. But as of now,...
Hello everyone, this analysis is made for everyone who is interested in long-term perspectives in the precious metal sector. As I mentioned in my last analysis in August 2018 there was a significant low at $1.167. A small but profitable long trade. So far, so good! BUT now I think gold will go down! I see three scenarios… Scenario 1 – red/blue line, chance...
Gold has reached the minimum criteria required for a pullback after having tested $1252 targets earlier. The metal touched $1236 levels today, preparing to turn any moment now. Please also note that it is converging with the fibonacci 0.382 support at $1235 levels, presented on the chart view here. We can expect a bullish response here for prices to resume its...
In my opinion, we could see a retest at 1235$ (0.38 Fib) or at least 1225$ (0.61 Fib) before we can go long to 1260$-1280$. Just my idea and not an investing advice. :)
XAGUSD reversed off our first resistance at 14.79 (23.6% Fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price to our major support at 14.58 (61.8% fibonacci extension , 23.6% Fibonacci retracement). Stochastic (55, 5, 3) is also testing resistance and we might see a corresponding drop in price....
Target: 1260.00 Risk: 1238.50 Technical reasons: Gold price stability above 1238.50 supports the continuation of the bullish trend, and surpassing 1250.00 will confirm rallying towards 1260.00 as a next target. RSI attempts to get positive momentum to support the expected rise, while breaking 1238.50 will push the price to decline again.
XAGUSD is testing its resistance at 14.72 (61.8% & 100% Fibonacci extension , 23.6% & 78.6% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 14.48 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is testing its resistance at 96% where a...
Gold in very well-defined down channel, facing heavy resistance. Previous bubble retraced 67%, before finally bottoming at -70% loss. Currently correction has reached -45%, that's obviously not enough if 2011 was top of the bubble.
The 4H Channel Up broke sideways (ADX = 22.055, Highs/Lows = 0.0000, Ultimate Oscillator = 50.608) and if it keeps the current Lower High sequence (1,250/ 1,249.25) a Channel Down will emerge. Technically expect at least the 0.382 Fibonacci level to be tested at 1,235.40 with 0.618 = 1,226.10 the extension. The 1D Channel Up has its technically Higher Low...
Gold prices dropped close to $1240 levels yesterday before reversing; the metal trades around $1244/45 levels at this point in writing and should be looking to continue pushing higher towards $1270 levels going forward. Immediate price support is seen towards $1235 levels, along with the 0.382 fibonacci ratio, as highlighted here. It could be a safe strategy to...
XAUUSD is approaching its support at 1230 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1249 (horizontal swing high resistance). Stochastic (34, 5, 3) is approaching its support at 6.6% where a corresponding bounce could occur.
Gold prices hit above $1246/50 levels, as discussed earlier and it could be setting up for a retracement lower, before the rally could resume. The metal trades at $1248/49 levels at this point in writing and might be looking to correct through $1232/35 levels in the short term. Please note that further upside remains possible from here as well and the next...
Target: 1260.00 Risk: 1238.50 Technical reasons: Gold price surpassed 1238.50 level, and the price attempts to surpass the rising wedge’s resistance, and it is expected to head towards 1260.00 in the coming period. Consolidating above 1238.50 will keep the expected rise, and breaking it will push the price to the bearish trend again.
XAGUSD is approaching its resistance at 14.71 (61.8% & 100% Fibonacci extension, 23.6% & 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 14.43 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Hi Guys, Remember that the vertical line this time represents the next FED Meeting due 18/19 December. www.federalreserve.gov Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of...