Time to buy gold, bat pattern has formed on the H4 chart
Set up: Envelope breach, RSI < 30 on H1 SL: Below Pin Bar Low TP: Last week high
Bullish bat pattern + retest of the broken daily trend = Buy signal for me.
Previous post I showed gold will go up and has risen 200+ pips.... gold to go up to my 1470.8 mark
Buy in green zone for 60+ pips if can break gray zone it is Bonus *** keep control your Risk sl may larger than this if you have yesterday position in profit.
but if break Green line please change bias to buy back :: counter trend countrol your risk
Trend is overall Bullish,but here is short selling oppurtunity so wait for the prices to reach at support and if any bullish sign appears then open your buying position,if it breaks the support then we will consider sell,so wait for it.
Short term Gold should go to 1346 aand drop but Long term Trend will go over 1360
I've been watching gold since 1280. It was either going to continue down to 1225, or break out to 1350. (I know, I know, the classic "it could go up OR down".) However, if gold breaks out, gold ETFs could rally big, which means large positions and safe moves (XGD, in Canada, has already broken out from $12.50 and could easily hit $16.00. Also confirmed by a very...
Gold is bullish long term, has hit uptrend support and was in a correction from the big move up, expect at least a double top to form if not a push through
D1 - Price broke above the downtrend line and is holding above it. H4 - Price has created higher highs, we may now look for pullbacks and buys with bullish evidences. H1 - We have bullish hidden divergence, we may now look for more evidences of bullish pressure in order to join the bulls.