Gold - H4 Timeframe - Short Scenario Gold short - H4 timeframe - break of trend line and a close below structured resistance signals a move down to 1242.
Goldspot
Gold - Bounce towards $1,275 is nextOnce again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210.
Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the five year downtrend-line currently sitting around $1,325.
But below $1,170 - $1,180 the "just another bear-market rally" thesis is confirmed.. Remember my head&shoulder backup plan from a months ago...
In any case I expect a bounce to start from $1,210 next week targeting at least $1,275! Buy gold!
[XAUUSD] Breakout it should turn short now :)Good evening, we have the chance to open one more position on the XAUUSD if everything will go as expected it will now become a pretty decent SHORT Trend where we can surely make some profits.
Xau/Usd: 19th September 2016Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line.
This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H)
We could potentially see price retest previous highs at "1325.00"
Entry - "1310.00"
Target - "1320 0.00"
GOLD SHORTThe reason why we feel GOLD may Rise.
* On weekly basis it has just started moving DOWN
* To SINL and come near 1228 levels
* Stoch RSI (3,3,14,Close) is Sinking.
* RSI (14,CLOSE) is Sinking.
* CCI (20,CLOSE) is Sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09, SL:1249.60, Tgt 01:1233.82, Tgt.02: 1228.83, Tgt 03:1213.46
. The view expressed here is on weekly basis. [b ]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.
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.
