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Goldusdlong

GOLD Important Major Trend Line (Weekly)Hi Buddies As you can see in the chart all historical major trend lines were shown. Price just has two choices and it's going to select the following direction. if it crosses the red line successfully it will break out the head & shoulders neckline and go to the 1470-1500$ price area. the next target for this situation is the 1600-1650$ price area as the head & shoulders target. on the other hand, if it breaks the blue historical major trend line it will reach 1050$ but personally, I think the first choice is more plausible. Good Luck...
FX:XAUUSDLong
by AmirFard
XAUUSD, GOLD Opportunity!GOLD has been on a rise lately however I don't expect this to be a big bullish run for GOLD, in other words I don't think this run will take us to a peak higher than the peak we have made (1350+ area) this year. Now is a good time to buy as we have risen and retraced already so the next wave up can be anytime soon. I expect this wave to take us to 1250-1260 USD area. Where I see a retrace coming after which we should be looking to go up again. So I think this GOLD bull cycle can go and test 1300 area but don't see it passing 1320 USD barrier. Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;) Be a turtle my friend © Farhad Jafarov
FX_IDC:XAUUSDLong
by farhadjafarov7
Gold USD - Conjunction of fundamental ind. showing LONG SIGNAL Same strategy as the related ideas below. Currently reading a long signal. Strategy Refer to BTCUSD and TRONUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins. Summary: All indicators must cross to give a strong buy/sell signal i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously. PNL = +4.71% Max Drawdown = 0.55% !!! 2 closed trades in total spanning ~2.5 months (over 1.88% profit a month) p.S. its a shame the graph above doesn't allow you to scroll back to view the whole range of time :(, but you can still view all the trades below
TVC:GOLDLong
by uahmad99
GOLD: Atm at a long buy-in with an incredible Risk-Reward ratio!Hate being repetitive, this is just a midnight, somewhat of a short update. Getting directly to the point: a) GOLD , fell out of an upward wedge and was falling down for the major part of today(stopped around the psychological support of 1240*whole number), until it reached the 1.62 ret support of the falling wedge. Short term prospects from this wedge would be the top of the larger(grey market) falling wedge @1247-1248 with a good probability of breaking out of the wedge and targeting the medium-term marked target. b) Now, that everyone knows that gold is at a good buy point, technically the bottom is @ around 1236.37, however I do see a large benefit with potentially entering the market at the current level, and perhaps buying some more if it actually goes all the way down to 1236.37. c)Both the DXY index and most of the stock indexes took a hit today amidst the discouraging economic news from Asia & Mexico and the threats of a potential trade war(even though I rarely factor in such "news" from Asia in the charts, potential trade war just cannot be disregarded in any case). These news however should pertain to the rise in GOLD , silver and other assets that posses mostly a fundamental value. A weak dollar(from DXY) is the elephant in the room that can take GOLD to new heights, although I don't think that the dollar is about to go down anytime soon. This is due the fact that in order for any potential drawbacks from a trade war, to be noticed/recorded we must wait until the following quarter(Q3), until then, traders gonna speculate as much as they can. As a rule of thumb, when a potential crash happens or such news have a very bad effect on the stock market, most of the investors run directly to the safe heaven of Gold&Silver... always! To sum it up, the current risk-reward ratio is just too good to be avoided, not mentioning the all the oversold indicators. -For a more long term analysis, click on the posts down bellow- . . . -Happy trading folks- Disclaimer: //This is not a buy/sell sign, you decide what to do with your own money!// If you liked my take on GOLD, comment your thoughts, agree or follow for more interesting TA's, it's all very well appreciated, cheers.
FOREXCOM:XAUUSDLong
by step_ahead_ofthemarket
Buy opportunity for GoldYep, that has been an abrupt fall out of the triangle - instead of a breakout to the top! Nevertheless - the price isn´t far away from the next supportline - the lower limit of the ascending triangle. And this should be a very strong support! Even if Gold would break the line the next support is following shortly behind: a swing trend line at 1.215$. Watching the history of the past months this had been a level where Gold turned up. So I expect Gold to turn within the yellow circle. And then heading to fib retracement 0.50 at 1.298$. Whe Gold wil haven broken this resistance the next aim could be 1.340$ - the upper limit of the triangle. Meanwhile we´re approaching the peak of the triangle! RSI and MACD are clearly in negative water. In december 2016 this had been the level where Gold turned (RSI). Good time to accumulate some ounces. For info: the sell-out was partly caused by the short sellers at comex (COT-report)
TVC:GOLDLong
by Luettis
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