Goldchart
GOLD is UnstoppableMy last analysis still going according to my predictions here is the new one
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GOLD IN A DOWNWARD TREND BEARS WILL TAKE CONTROL
I HAVE TWO ENTRYS AT 1503, 1502
I BELIEVE GOLD HAS THE POTENTIAL AFTER 3 LOWEST HIGHS WEEKS TO CONTINUE THE DROP ALL THE WAY TO 1480 MAYBE EVEN LOWER
XAUUSD gold set up for the foreseeable Gold has been ranging between 1500 and 1528 since Tuesday.
This period has presented lots of entry opportunities both to buy and sell (highlighted using the ellipse). I found this tool applied with the stochastic a strong indicator and conformation of good entry points.
As for next week I have a buy and sell limit in place and will keep looking for good entries!
Again as a reminder to myself USE CORRECT RISK MANAGEMENT!!!
As always I (we are learning!) Would love to hear your thoughts and share ideas!
Good luck and enjoy the weekend!
GOLD MAJOR TREND: May Resume or TerminateGold registered Highest High @ 1453.00 last week during its Bull Run extended over weeks & months. Reasonably enough bars are there to form a rectangular Price - Range (1415.00 - 1430.00) after reversing from the weekend Top. Any 4 hour Bar closing above 1430.00 may resume the Major Trend. Buy the High of that up-closed Bar. Initial Stop-loss is @1426.00 & First Profit Target is @ 1445.00. Conversely if any 4 Hour Bar closing below 1415.00 may terminate the Major Trend or least it can initiate shorter term Bearish Trend. So Short the Low of That down-closed Bar. Initial stop-loss is @ 1419.00 & First Profit Target is @ 1400.00. For remaining traded LOTS , either trail the stop-loss or fix the Price-Targets.
An Unseen Bullish Pattern For Gold is Forming?!It looks like Gold is forming an inverse Head and Shoulders pattern which is typically a bullish pattern. We can see that gold is trying to break the neckline of 1348 and per classic technical analysis theory the potential target of an H&S should be measured from the neckline to the lowest point of the Head, so if we take that line and put it at the expected breakout point, that would show a potential target of ~1500. Of course, I would expect some resistance and retracements along the way but technically that should be the target.
In case we can break above 1360 level and retest it as support that would be a major bullish sign for me.
We can also see from the VPVR indicator that the biggest resistance has already been cleared leaving us with huge support below.
Time will tell...let's see what happens.
GOLD entering the sell zoneGold should hold below 1300 in order to confirm the downturn.
More detail in the video:
youtu.be
Gold - Where will it stop to fall?Where will Gold stop to fall and is there a trade?
In my News Blog Video (find the link below this post), I explain exactly where Gold will reach potential support, and if there would be even a trade.
P!
XAUUSD GOLD BY APRIL WILL BREAK OUT RESISTANCE LINE UP TO 1550$RESISTANCE TREND LINE WILL BREAK OUT AND GOLD UP TO 1550
NO SHORT BUT LONG POSITION ONLY
GOLD The Metal is under Fire after 1st August Weekly Bar LowerGOLD GOLD The Metal is under Fire after 1st August Weekly Bar Closes Lower as of 5pm Friday commodities close. With the U.S. Dollar looking to continue a Bullish pattern, GOLD has pushed lower all week long. The upcoming week should continue this Bear momentum as GOLD looks to return to July lows @ 1223.20. Current price 1258.40. Bulls will try to stage a resistance, but the previous 6 days of constant rejection of the 1273.20 level is just what the Bears needed to confirm a continuation in the Bear trend market currently pulling GOLD lower. @CryptoSeraph
