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Gold-trading

GOLD The past week started with the price retesting the asymmetric triangle formed during almost a month of consolidation to then skyrocket into a new high. This has been a great move filling up the pockets of the ones who played the breakout. Now the question is..., where are we heading from here? When looking at the Monthly, Weekly and Daily Gold is clearly in an uptrend with the 200, 50 and 21 MA perfectly aligned. Price is still within the red zone which represent a strong resistance zone. A clear break above 1750$ might suggest an extension move into the mid 18 hundreds. However a fail to close above the 1750s brigs back the possibility to target the low 1600s as the harmonic suggests. Gold is giving out great trading opportunities have fun with it ;)
FX:XAUUSD
by TheTechnicalAnalysts
GOLD LONGGOLD TIMEFRAME : DAILY My analysis on GOLD goes the following. GOLD is currently sitting at 1515 which is a t a very strong resistance. I expect GOLD to reject 2515 and fall to create a H,L before creating new H,H. MY long term analysis does show me 1610 area and I do expect GOLD to reach the 2019 YEARLY highs by the end of January. We are currently shorting GOLD till 1492, and this might be the last dip before GOLD creates that H,H. Please remember to use proper risk management, and ENJOY your holidays. #MARKETCONTROLLER2020
FX_IDC:XAUUSD
by itsdonvo