Instructions on chart. Playing the 4hr range. Note the following levels: 1264s (61.8%) with indicators (4hr) at overbought state and potentially forming right shoulder! 1251s strong UP Trend line from previous structure, if broken price can cool off till DMAs (1246s) level. Below 1246s I'll consider scenarios for 1200/1180/1160 (medium probability at the...
Here is a possible retracement setup for Gold, back to the 1257.00 area. This should be the bottom for Gold until further notice. ~Thanks for checking my chart out~
Awaiting May's Fed meeting. We don't expect a change in policy, however, risk in Gold market due to Fed hinting June adjustment. We remain bullish and hunting to add long positions. Daily support remains at 1259s (or DMA200 1254). Bulls need to break DMA20 for further bullish PA. GL all, trade safe.
This is what I seeing for the US Dollar. ** This is 100% technical outlook ** Fundamentals are not on my mind when I am marking any chart up, ever. I do not base any trade off any type off news, ever. Thanks for taking the time to check out my chart~!
Short term trade, I am looking for the short opportunity around 1284. Looking to take profit at 1268
maybe 1230 $ touch 6 may 2017 , enjoy
getting close to that long term downtrend line from 2011-2013.
XAUUSD might be forming a Head and Shoulders pattern. Sell on breakout. Cheers!
BREAKED TRIANGLE AND RISING CHANNEL WHAT IS IT... BULLISH FOR METALS AND MINERS?
UUP head and shoulders breakdown in progress. Hooray for commodities!
Gold seems to have started an uptrend after the the interest rate hike. as expected in the previous charts.
Nice break out for gold 0.64% , reaching 1233.00. From here I expect Gold 0.64% to pull back to $1214-$1210 I plan to long when the profit taking pull back is finished, in area of $1210 with a target in the monthly pivot of $1237. Sell limit between $1237 - $1240 with a target of $1171. I will update a new Gold 0.64% chart as this trade plan manifest.
For the time coming i am a dollar seller. I think we have seen some disappointment after this dovish hike of the Fed. This will for the coming days keep a lid on the dollar. I will be looking to buy US 10Y Bonds and Buy Gold. Silver also looks like a solid play. 10YR US Bonds