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Goldreversal

Gold Referring to my previous idea about gold and healthy retracement is required which is logical for me and it happened, gold is reminding me by strong man who dont accept loss at all, so the retracement is just a rest from accelaring extended bull run rally .. any way about gold and from my point of view maximuim retracemnt is up to 2683 2695 levels . Also level 2713 is god but im giving gold achance to take breath, uptrend will continue to marked targets . "" gold is strong man who Dont accept loss""
OANDA:XAUUSDLong
by Egyqat2022
Gold finds a bottom price following sell! Gold and even more so Silver were very overbought in the Daily & Weekly Timeframes, triggering their sell-offs within an hour of FOMC reducing interest rates. I was aware that Gold / Silver were very overbought in these higher-time-frames but I was not watching the indicators so I was also caught off-guard as the Gold-price slides very fast. The Gold-price has recently found a bottom price and has rebalanced and corrected the overbought condition.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
Gold Analysis on weekly chart and expecting next movesthis is the weekly chart and u can see it is forming head and shoulders, however there is resistance at 1870 because of "left shoulder" but the retracement(our current short uptrend) haven't hit the 50%fib level yet. i expect it next week to go up till 1892 and hit the 50% fib level and then drop right back below 1870 so the weekly candle doesnt close above the resistance level and continue the downtrend. I am not a professional trader and this is only my insight
GShort
by Sabaawi7
2
Gold - Finally the reversal is hereGold has been in a massive and brutal downtrend over the last four months! Initially my worst case scenario was a move down to 1,240 USD. After a short-lived bounce this support was taken out by the bears and gold moved lower and lower since early July... On Monday this week the psychological support at 1,200 USD was taken out too and during the last three days the final capitulation in gold took place. But tonight it looks as if this massacre is finally over with a low at 1,160 USD. So far gold is up nearly 20 USD from these lows, leaving a nice reversal candle stick on the daily chart.. Considering that the large speculators are heavily short on gold, I think we will soon see a massive short squeeze, which could take gold back towards at least 1,210 USD, more likely to 1,240 USD and even backs to 1,295 USD. Depending on how gold can improve its technical picture this will either „just“ be a sharp countertrend short squeeze or the beginning of a massive new up-leg that will take gold to 1,500 USD. Unfortunately its too early to choose between one of those two scenarios… In any case gold is buy right now and should at least post a nice countertrend rally towards 1,210 - 1,240 USD.
FX_IDC:XAUUSDLong
by MidasTouchConsulting
2
DJIA SHORT ::: REVERSAL CALLDJIA is expected to sink now. There are many reason why we feel it may sink. 01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon. 02. Bearish Engulfing in daily Chart. 03. To sink and come near 1204 to 1197 levels 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1218. with a SL @: 1222 Tgt01: 1208 Tgt02: 1204 Tgt03: 1190. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari