Hey guys - this is a quick update from my last gold trade idea, looking at a shorter timeframe. We can see that there has been a strong bullish candlestick pin-bar which has rejected the support zone, this is a signal indicating us to re-enter our long position - after we took profit from the last move. Geopolitical tensions are all over the place worldwide -...
In line with our discussions yesterday, Gold produced a rally with prices exceeding $1230 levels yesterday, before the pullback. Looking at the wave structure, it remain quite clear that Wave C is into progress towards $1250/70 levels, within the A-B-C corrective rally that began from $1160 levels earlier. If we dig further, a lower degree impulse wave that began...
XAUUSD is approaching its resistance at 1235 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support 1210 (100% Fibonacci extension , 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding...
XAUUSD is approaching our first support at 1215.87 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). RSI (55) is also seeing a bullish exit and Ichimoku cloud is also...
The long term bearish trend on 1W broke last week to neutral grounds (RSI = 47.647, MACD = -20.230, Highs/Lows = 12.0065) as the global stock markets pulled back and capital abandoned riskier assets towards Gold's safety. Technically 1D is a Channel Up (RSI = 65.112, MACD = 5.900, Highs/Lows = 22.9186, B/BP = 34.8019) but we can't assume yet that this uptrend is...
Suggest XAU USD : Limited Sell level 1230 SL: 1235 – 50 pips – 500 points. TP: 1212 – 150 pips – 1500 points. Suggest XAU USD : Buy level 1234 SL : 1229 – 50 pips – 500 points. TP : 1244 – 100 pips – 1000 points.
Gold seems to be progressing swiftly towards $1250/70 levels for now. Let us have a re-look of the story unfolded until now. The yellow metal has been projected to be within a 3 wave counter trend rally since the lows formed at $1160 levels earlier. Within the above medium term bullish wave structure, Wave A and a complex corrective Wave B terminated at $1216 and...
XAUUSD is approaching our first support at 1211.39 (horizontal pullback support 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in and...
Here is the my thought as the way of gold up trend. after the last major breakout we will observe a short correction as a pull back to ( 1213 or 1206 ) that might happens within a week or few days more.
Gold breaks higher above $1208/09 levels and also takes out interim resistance at $1216 levels yesterday, in flash. The yellow metal is seen to be trading around $1218 levels at this point in writing, after printing highs at $1227/28 levels. Please note that $1215/16 levels would not turn into support levels for any corrective drops from here. Looking into the...
ab=cd pattern will likely be completed. Also there is important s/r line. we can take short position, if price is reached 1236.5 area. target at 0.786 level and trend line .
XAUUSD is approaching its resistance at 1236 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support 1211 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding...
XAUUSD is approaching our first support at 1211.39 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1237.40 (horizontal overlap resistance, 38.2% Fibonacci retracement). RSI (89) is also seeing a bullish exit and we might see a...
Gold has just broken above tight consolidation on strong candles. We expect a pullback to retest the breakout point before it continues higher. Long entry: 1208 - 1209 TP 1: 1215 TP 2: 1222 TP 3: 1238 SL 1: 1204.00 SL 2: 1189.50 SL 3: 1183.00
Firstly - The demand for Gold should go up as a result of the financial uncertainty in the global markets. This will drive demand as investors look for safe haven. Secondly - The price has broken a strong descending trend-line which has been in place since the Mid-April crash. If the price is able to sit above the $1210.0 support, this should allow the price to...
XAUUSD : this active is growh up after brokeout the flag resistance line. Targets by Fibonacci Trend-Based Extention. MAs crossed the price with volume and with the large margin.
Gold rally towards $1196 levels instills further confidence that a higher bottom could be in place at $1182.66 levels already. The yellow metal may not produce another low before rallying further towards $1250/70 levels, going forward. Also, another push through initial resistance at $1208/09 levels will confirm that the yellow metal is in control of bulls and...