This is beautiful people. As we have broken out, very strongly, of a Descending channel and have already retested the diagonal support of the channel. We could battle in this range its forming for a while due to the fact its battled in this range previously. However, If it breaks above AND HOLDS, I will swing to the next resistance. If it break below AND HOLDS I...
GOLD - NEUTRAL TILL 1748 waiting for confirmation if this trend will break 1748 and will look to sell for retest targeting 1721 range. if not might test the high of 1800 . if break to 1805 will wait for retest for long position to tarket 1825 to 1830 CAPITALCOM:GOLD
✴️ Gold remains under the left foot, with sellers taking control since the opening of the Asian session. Yesterday's pullback towards the Fib level 5.0 registered the end of the correction. However, the bearish tone aiming at the 1,790 support level may be hindered, as investors expect a Dovish remark from the Federal Reserve governor Mr. Bowman later today. A...
I think we don't need the rush on this. Wait for the breakouts. And it is so close to 200 ma. It can go higher next weeks.
Neutral right now on the pair while we may get some ups and downs. If we keep seeing rejection from going up, we might say reversal is in place. Wait for confirmation first.
NOT TRADING THIS MOVE! I think once more leg and drop it like it HOT. Every indicator is exhausted. This is a wave 5 bubble and when it pops, don't get burnt! Where it goes up to is anyone guess now - the yellow lines mark some daily candle resistances - but really this is nothing significant. - It's in the hands of the big banks now to wheel the retail traders...
Gold is playing out in the channel, it could either bounce up and fill out the rest of the channel this week. OR Will the price breaks the channel pushing gold further down? I am watching closely on this pair for now. Powell News which is HIGH IMPACT for USD in 5 hours.
$GOLD Move incoming $GOLD Move incoming $GOLD Move incoming Picture explains
This formation might complete or otherwise fail with Gold climbing.
GOLD is expected to NEUTRAL We are unclear on GOLD on this week. * May Rise and come near 1278 levels * Stoch RSI (3,3,14,Close) is Neutral. * RSI (14,CLOSE) is Neutral. * CCI (20,CLOSE) is Neutral.. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Long above: 1263.15, SL: 1258.82, Tgt...