You can be sure that Gold’ (XAUUSD’) found support back in August and is ready to make a strong move up. Let's take a look at the chart and see why I believe this to be true. Please allow me to entertain you for a few minutes... So, let's get started. Gold (XAUUSD’) Analysis by Alan Masters We start by looking at the main chart above, which is set to the...
Gold prices are producing a complex corrective wave structure, it seems. A short term wave count can be labelled as such: The rally between $1181.5 through $1232 levels, can be labelled as 1 (since it moved into 5 lower degree waves). The drop since then, looks to be corrective till now and cold be producing a 3-3-5, flat wave structure, which has been labelled as...
XAUUSD has stayed near its 1D Resistance levels during the previous week as it continues to work as a safe haven since the global stock markets haven't yet been stabilized. The USDJPY, USDCNY continue to trade high as well as the Dollar Index (although it was rejected again near the 96.15 4H Resistance), so from a technical standpoint, Gold remains a short...
XAUUSD is approaching its resistance at 1236.70 (61.80% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1214.68 (61.80% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a...
XAUUSD is approaching our first resistance at 1240.06 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1208.78 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also facing bearish pressure and we might see a...
OANDA:XAUUSD looks like forming a bull flag at 4H and prepare to test main resistance at $1242 level. The key support is at $1215 level which was the main resistance of previous sideway move.
Gold remains structurally unchanged for now as it trades at $1228.00 levels at this point in writing. Please note that the yellow metal has produced a shallow retracement after printing highs at $1232.00 levels earlier. The corrective drop has found support at the 23% fibonacci retracement of recent rally between $1181.50 and $1232.00 levels respectively. Prices...
As you on monthly chart XAU USD, prepare to fly........
XAUUSD is approaching our first resistance at 1240.55 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1208.78 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our...
Gold is seen to be correcting since it posted a high at $1232 levels earlier. It could be a double zigzag or a complex W-X-Y corrective drop towards $1212/13 levels. Please also note that the past resistance turned support is just around the same levels as depicted on chart view here. The structure remains unchanged for now, with bulls expected to come back around...
Price is boucing around 50 EMA...stretching out into a squeeze. It should make one more slow upwave during Asian session.
Green line: 70% Orange line: 30% Goodluck & safe trading Guys!
Gold rally has stalled after printing highs at $1232 levels earlier. The yellow metal is seen to be consolidating for now and could continue dropping lower until $1213 levels, which is a convergence point of past resistance turned support and the 0.382 fibonacci support of the rally between $1181.50 and $1232.00 levels respectively. Looking at the medium term wave...
just a dream~ continue stacking every month ;) its a multi decade journey... 1975: -M1: 250 -Silver: $4 2018: -M1: 3850 -Silver: $14.82 (Ratio: 62.5) If the price of silver follows the monetary base, we should have a silver price of $61.6 right now. Gold silver ratio:
XAUUSD is approaching our first resistance at 1240.55 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1209.50 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our...
Gold broken past range after finding support at 1185. Forming a bullflag, key range broken - first target is 1240, SL at 1213 High RR trade, targeting some confluence between 200ema on the 1D, horizontal resistance and the .382 fib retracement level from this bear trend from April 13th. Position opened at 1217.
XAU/USD Gold fall correction On MACD Bear Divergence Long deal