Gold - Technical Analysis IdeaAscending Triangle - Continuation Pattern
The Market is bullish, so, based on technical Analysis the Market should go up
The top resistance line has been broken. It might go up to 1780 USD
Gc!!
Trade Idea on GOLD ( GC XAU ) by ThinkingAntsOkThis is a setup we are currently waiting, we have already set our Buy Stop orders:
Main items we can see on the 4HS CHART:
A) The price is above a previous resistance zone now working as a support
B) Both the Previous Resistance and the current support have been tested multiple times from both sides
C) Currently, we can see 2 corrective structures above the support zone with clear edges
D) Now we will be waiting for the breakout of the 2nd structure and we will aim for a target at 1897.00
E) The risk we are taking on this trade is 1% / Remember: you should never risk more than that per trade, that will always protect your trading capital.
New bullish movement coming on GOLD (GC) by ThinkingAntsOkUse this as a guide to develop your view of the situation:
Main items we can see on the chart:
a) We should Focus on the "Major Support Resistance Zone."
b) Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it."
c) After the price testing the zone as a resistance we saw a breakout with a bullish movement
d) Currently, we can observe that the price tested 3 times the zone as a support
e) We can conclude that we are in a strong area and we can see 2 corrective structures (yellow lines)
f) Our Analysis is that if the price breaks above 1750.00 we can expect a bullish movement towards the two Fibo extensions
g) We will trade this analysis and our TARGET will be 1895.00
High probability of an increase in the GOLD High probability of an increase in the GOLD
I do not recommend GC for sale
Gold Futures (GC): Prices Pull Back on Weak Demand for GoldThe main trend is down. After a weak closing on Thursday, expecting further pull back on Friday. If prices bounce off of $1682 level, then the market may trade within a range from $1682 bottom to $1737 top. If $1682 is broken, the next downside targets are Fib levels at $1660 (0.618) and $1620 (0.5). RSI indicator is pointing toward lower prices.
high probability that the price will come to hit the $ 1660high probability that the price will come to hit the $ 1660
XAUUSD***Risk Trade IdeaThe Analysis is based on the Harmonic Pattern and the E waves. But still subject to more signals.
The uncertainties are,
1. Technically, for both Harmonic Pattern & E waves, they don't tell you the exactly top/bottom for the pattern;
2. For fundamental, the unlimited QE depends on the Dollar liquidity, we can only follow the change of the situations.
3. The uncertainties means the risks.
Gold, D1 - possible irregular or running correctionBecause the price of gold has reached a new high, we have to change the Elliott wave count from a simple corrective pattern to an irregular or running correction. Only in this type of corrective patterns, the new high may be reached as a wave B. This wave also consists of three sub-waves.
What is more, the upward movement has stopped at the upper limit in an upward channel. This could be a significant resistance area. Thus, the price of gold may retrace to the lower limit of the channel or even lower to the area of 1565 - 1442 USD.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade Idea on Gold by ThinkingAntsOkWith this post we are not saying, "The price will start a bearish movement" What we want to express here is:
IF the price starts a bearish movement (that would mean that the resistance zone was strong enough to make the price Re-enter again), We will trade it in this way.
Main items we can see on the Daily Chart:
a) The price is on an ascending channel
b) Currently against the higher zone of the channel
c) On the Same zone, we can see a Huge Resistance zone, that worked 3 times on the past
d) We don't know yet if the price is going to break the level and start a new bullish movement or if the price will re-enter again on the range
e) IF the price re-enter on the range, we will wait for the breakout of the ascending trendline + corrective Structure
f) IF that happens, we will develop short setups towards the next Support zone.
Gold is showing us an interesting pattern here. I was watching this last week and it has completed the pattern as of today. Watching this closely as the measured move is around ATHs in gold. Closing above the structure and ill be adding to longs.
Happy trading traders!
Gold, short term cup & handle pattern forming This is my first post, would love to hear your feedback :)
Gold. Will It start loosing it Luster?In coming Months i will be looking to short Gold depending on How it Retraces this Down-move and Timing that on Lower Time-frame Charts
Possible Correction on GOLD (GC) by ThinkingAntsOkUse this as a guide to develop your view of the chart.
Main items we can see on the 4hs chart:
a) currently, the price is on a Support zone
b) On that support zone, we expect a reaction towards the broken ascending trendline
c) From an Elliott perspective, we have a full count 12345 and now is correction time
d) How is a correction composed of 3 Waves ABC now we are on A and we expect B to come
e) If that happens, we should expect a final C before the continuation of the bullish movement.
GOLD, GC, XAUUSDJust shared my opinion. :)
50/50 long and short all mixed, I will be ready with very extra margin founds.
When you trade that's your own risk. Goodluck!
gc, gold, trading for Mar 10th 2020Gold has made the move higher as a prior idea was showing could happen and is now in a top side consolidation. I will be watch to see what side of the golden zone breaks but for day scalps the red zone will be the intraday signal i will be watching for scalp trades.
Big picture I am still leaning long but will take profit if the gold lower band breaks.
Gold, stay away for 3 months
No mater how bad the news around you, look at the gold, it's NOT going for new high!
stay away from it until it reach a 0.618 retracement area, about 1510
however, I expect it runs 3 months and end during Apr 2020. price level will be adjusted with the time frame.
There's anomaly on the daily Gold futures chart - $F_GCI have found an anomaly on the daily Gold ( GC ) chart. $1600 is my expected level. However i am not going to trade it as it's very risky if we consider the momentum and the current conjuncture.
$1600 is my expected target.
Disclaimer: This is not a financial or investment advice...
Trade safe,
Atilla Yurtseven
