Gold sold off in the overnight session and tagged the 21 day MA at 1217.5 and then sharply rebounded to close just above the 6 and 8 day moving averages. I have been calling for a tag of that 21 day MA since Monday when price broke through the ice and closed below those moving averages. But now, price is trading above them and the future direction seems like it...
Gold closed up 3.1 points on Tuesday but that was basically a move sideways. There was some volatility in the morning when Fed Chairwoman Janet Yellen began her testominy. But while the DXY dollar index had a strong move up, Gold stayed basically flat. However, it is clear on the chart that Gold is still trading under the 6 and 8 day moving average so my bias is...
Gold rose for the second week in a row, ending the week at 1234.7, up 12.8 points for the week. However, after reaching a high of 1246.6 on Wednesday, Gold fell on Thursday and Friday, touching but not breaking through the 8 day moving average. So where does the precious metal go this week? Let's take a look at some of the technical indicators that I use. Gold...
Gold broke out of the 1220 resistance level today and pushed up to a daily high of 1237.5. This was the breakout that I had been waiting for. Gold clearly wants to go higher. The first target is the .618 extension of the move from January @ 1241.7. A more likely target is 1278.6 which would be the measured move of the (A) wave. I have put the probably extensions...
Gold started the day with a big selloff but then recovered after the FOMC and Janet Yellen announced that they would not be raising interest rates at this time. Gold is now attempting to break out of a potential triple top at $1220. If Gold can break through, then the first target would be 1241.7, the .618 fib extention from the bull run that started at the end of...
Gold rose ~15 points today and broke through the 6 and 8 day moving average. It also broke through the trend line starting back on election night, Nov 8. Price also failed to break below the mid line of the Bollinger Band. The next resistance level is at 1220 so let's see if Gold can move up and past it. Look at the Heikin Ashi chart below. 2 days ago there was a...
We are back with all in all USDJPY Potential Updated Scratch Setup 7/18/2016 On 1 Hour Heikin Ashi Chart What Nawab says? (Our Contributor) ============================== GLOBAL MARKETS-U.S. stocks hover near record highs, oil falls and also Japanese Yen fell after the failed Turkey Coup. USD rose above JPY currently. We are searching for contributors...
Very basic strategy script implementation for HA candles. If we're green we long, if we're red we short. Optional alternate timeframe, and optional trialing stops. Make the chart your own and have a play :) Cheers.
FX:XAUUSD Is in the end of the bull trend, today bar present a bull with small mesh at the 1250/1260 zone, maybe can go up a little bit more but in the price graph can see a beautiful Head and Shoulders formation. Setup: Short Target 1: 1190 SL: 1290 Target 2: 1087 SL: 1190 Ideas, comments or corrections. They are always welcome
As you see there is a high structured consolidation going on on this NZDUSD pair. The consolidation is happening a lon time already, but this one seems extremely structured. Could be a good opportunity, or a pure technical failure.
Well, with everyone stressing about a Brexit, we'll proceed to trade on harmonics without GBP pairs. Like the idea? Give a like and comment! Best of trading!
I think the pair appears to go through a channel as shown in the stochastic will easily pass if a departure in reality it is an "arm" of the oscillatory motion having from or before April is done. my position: short target: 65.80 comments, corrections, ideas and suggestions are always welcome