Get started

Goldbullish

Gold - Two scenarios with a buy between 1,245 and 1,265 USDTwo scenarios for gold: 1. Since the top at 1,357 USD gold is in a correction which usually turns out to be some form of ABC-Correction. If we are still in wave A, the following wave B should take gold back above 1,300 USD. Probably to around 1,315 USD.. After that expect another wave down which might not end before prices around 1,215 - 1,205 USD are reached. 2. During gold´s sell off there was one shallow bounce. If that was already wave B the whole correction is getting close to be finished. In that case wave C is expected to end between 1,245 USD and 1,265 USD. Thereafter gold should start the next advance which will not stop at the open gap around 1,346 USD but should take us towards 1,400 USD... In any case gold is a buy between 1,245 and 1,265 USD Profit target 1,315 USD or higher Stopp loss 1,235 USD
FX_IDC:XAUUSDLong
by MidasTouchConsulting
2
GOLD Short Term OutlookShort term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks. TP: 1288 SL: 1262, (if 1264 breaks start selling) 1262 instead of 1264 because I dont like stops exactly on the right spot in case of just a short spike.
TVC:GOLDLong
by JoshFX1
3
Gold - bullish embedded stochastic ! 1,290/1,300 USD is nextGold remains very bullish here despite any overbought readings.. The breakout above the 6-year downtrend-line is super super bullish. Its the strongest signal for gold since 6 years !!! With the slow stochastic oscillator being embedded the rally will very likely continue over the coming days and weeks towards 1,295/1,300 USD. From there we should or could get a pullback towards the former downtrend-line which by then should correspond with the rising 200MA. That would give you another chance to buy into a dip around 1,250 USD. But of course its not sure. Gold could first run towards 1,370 USD too as the 6-year downtrend-line has been such a depressing factor that is now history! A pullback from those levels would end certainly higher than 1,250 USD.. probably 1,280/1,290 USD... but that´s all hypothetic for now. JUST LET YOUR WINNINGS RUN
FX:XAUUSDLong
by MidasTouchConsulting
1
Gold looking to head higher (Elliott Wave Analysis)As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher. It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 and takes 1255-1245 as resistance then it is possible then we might be in some kind of complex Wave 2 correction. To know upside targets and a more detailed analysis you can check my previous articles. My current bias is bullish, I will update further as this market progresses.
FX:XAUUSDLong
by NeeravYadav
1