Get started

Gold-trading

Keep it simple pals !!!!-trend lines -1year Fib levels -RSI 14 -Support and Resistance RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart.... Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame) Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame) Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame) No news to watch, only price action, good trading to all of you !!
FX:XAUUSDShort
by simonepepita91
Bitcoin vs Gold – No Bubbles COINBASE:BTCUSD NASDAQ:GOLD Bitcoin and Gold are more and more often compared with each other. And for crypto currency this is another reason to appreciate, as it means investors take it seriously. Lately, Goldman Sachs' analysts Jeffrey Currie and Michael Hinds said that gold was better than crypto currency. They pointed that the riskier the market environment, the higher the demand on the metal. They compared Gold and Bitcoin by several criteria, and discovered that by longevity, intrinsic value and stability the former is better than the latter. However, the only notion that the long established asset like Gold is compared with recently emerged currency may Bitcoin even more attractive. And judging by the history of Gold, Bitcoin has huge potential in store. Some years ago gold ran from $250 to $1900, and every investor or analyst used every opportunity to claim it a bubble., but it’s still trading above $1,000. Bitcoin has run from $800 to $5,500 since the year start and it’s already called a bubble. But is it the end? The recent slide for me looks a good opportunity to buy Bitcoin with the nearest target at $5,800.
BITSTAMP:BTCUSDLong
by ArthurAzizov
1
GOLD breakout.Heading into the debt ceiling disaster and fiscal drama, the treasury almost out of cash, the stock market at all time highs, and more military and at home spending (ironically) there will be plenty of momentum to move gold up. I do NOT believe the market is headed for a crash at this moment but a nice correction should propel gold up. Add to that the technicals here and we're looking pretty good. Consolidation about to break a major downtrend resistence, a 100 dma about to cross the 200 dma, and a reverse head and shoulders to boot. This is going to be a pass or fail event for the short to medium term. Either way will be longer term bullish on gold; any severe breakdown would be an excellent time to begin to aggressively accumulate.
FX_IDC:XAUUSDLong
by EconRuminations
Gold's longterm update.Channel,elliott and Fibonacci levels.Technical analysis is a powerful tool for creating a better sense of the market and making some predictions based on price actions but it's useless or it has minor importance when a big news with catalystic role appear. XAU/USD seemed unable and weak to break and mostly established the 1263$ level resistance being in a shakeout area for 20 days more or less. First it was the US descision to launch cruise missiles on a Syrian base that helped XAU/USD reach the 1271$ level intraday but then the selling power sent back the price back at 1253$ level,once again bears confirmed their dominance at these levels. Two days later president Trump decided to provoke North Korea through twitter,as it's logical with war possibility rising at the background XAU/USD finally took this extra push it was needed to break and established the 1260$ area for good. XAU/USD now is at 1287$ and try to break that resistance that it holds since 2016/11 to reach the highs of 1315-1320 area. As i mention before at my articles published at 26 January of 2017 and 26 march of 2017(SEE RELATED IDEAS BELOW) we had a 5 Elliott waves structure and now we wait the ABC correction waves before making new highs. Remember that these violent rallies may favor the short-term trader but the same way the went up they can come down due to absence of supports,so be careful with your trades at these moments of extreme volatility due to geopolitical reasons. I believe we might reach the 1315$ area where we have the 23,6%FIB level and a strong reistance and then i expect a pullback as i show at the chart until 1240$ levels near lows of wave 4. TECHNICALLY We can see at the chart the 5 Elliott waves and the corrective waves ABC. We can also noticed the ascending channel of XAU/USD. Fibonacci levels well repsected. LEVELS TO WATCH: BULLISH SCENARIO: 1290$ GOOD RESISTANCE 1315$ GOOD RESISTANCE AND 23,6% FIB LEVEL 1370$ PREVIOUS HIGHS BEARISH SCENARIO: 1278$ GOOD SUPPORT AND 38,2% FIB LEVEL 1263$ VERY STRONG SUPPORT 1253$ VERY STRONG SUPPORT AND 50%FIB LEVEL 1233$ SUPPORT 1222$ VERY GOOD SUPPORT AND 61,8% FIB LEVEL 1200$ GOOD SUPPORT PSYCOLOGICAL LEVEL 1185$ YEARS LOWS HAPPY TRADING GUYS!
OANDA:XAUUSD
by The_Greek_Trader
2