Gold had rallied through $1244 after our discussions yesterday, remaining shy of $1246/50 levels. The metal trades at $1239/40 levels at this point in time and it would be a surprise to drop towards $1232 levels, before pushing higher again. Please note that the upside remains intact for now, but a slight pullback maybe due before the bulls are back in control. A...
Gold had rallied through $1244 after our discussions yesterday, remaining shy of $1246/50 levels. The metal trades at $1239/40 levels at this point in time and it would be a surprise to drop towards $1232 levels, before pushing higher again. Please note that the upside remains intact for now, but a slight pullback maybe due before the bulls are back in control. A...
Gold might be unfolding into its last wave at a lower degree at this point, and prices might be hitting $1246/50 anytime soon. The metal is trading around $1241 levels at this point in time and looks like its into a sideways movement at a lower degree before it bursts higher to $1246/50 levels. Looking into the wave structure though, Gold is still working on a...
As you see on the chart above, XAU USD price stop with blocking area, Supply Zone.....
XAUUSD is approaching our first support at 1234.27 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1243.90 (horizontal swing high resistance). RSI (89) is also seeing a bullish exit and we might see a corresponding bounce in price....
XAUUSD is approaching its resistance at 1239.73 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1213.26 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
This counter is finally looking bullish after being bearish for most of 2018. If there is more "risky" news that comes out, it could cause a sell-off in the stock market, and a corresponding increase in Gold (safe haven). I am looking to see a rebound to the 1300 level at least.
XAUUSD is approaching its resistance at 1240.22 (61.8% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1212.82 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a...
Inspired by rough times for USD I compared BTC to GOLD. It seems the bottom for BTCUSD is not here yet and we should look for it rather near 2.5 x XAUUSD which is, what a coincidence, near $3000 tag. Have a good time.
Potential harmonic bearish butterfly pattern. 1240 is major resistance for gold.
Gold has retraced lower from yesterday's highs and is seen to be trading around $1234 levels at this point in writing. The metal is like to find support ahead of $1228/29 levels and it should proceed towards $1246/50 levels. Looking at the short term wave structure, Wave C is unfolding since $1182.50 levels and further it could be into its lower degree wave iii or...
Gold XAUUSD is forming an ascending wedge on the daily chart. XAU might reach 1244 -1261 at the end of the year. Then back down first quarter of next year. Assuming this trade war will continue, with DXY DXY going up XAU will continue to go down, target 1140 next year
Gold is seen to be trading around $1238/39 levels at this moment in writing, pretty close to hitting the first soft target at $1246 levels at least. The wave structure remains intact with Wave C progressing well towards $1250/70 levels respectively. Please note that Gold has taken out its first resistance at $1236 levels and could retrace lower a bit before...
As you see on the chart daily above, we know the price will be up again....
Gold is seen to be trading around $1231 levels for now, after carving a higher low at $1216 levels earlier. The metal looks to be pushing towards $1246 mark as highlighted on the 4H chart presented here, in the short term. Looking at a higher degree wave structure, Gold looks to be producing a corrective rally A-B-C since printing lows at $1160 levels earlier....
XAUUSD is approaching its resistance at 1228.7 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1218.4 (61.8% Fibonacci retracement, horizontal swing high support). Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal could occur.
XAUUSD is approaching our first resistance at 1234 (horizontal swing high resistance, 61.8% fiboancci extension, 76.4% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1222 (61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a...