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Jaythegoldhunter

GOLD : TECHNICAL ANALYSIS BASED ON WEEKLY TIMEFRAME, 23-06-2019My forecast on gold prices for next week (24 - 28 June 2019) is gold will rise 2.53% to reach price $1,433.85, which was the highest intraday since August 2013. Also probability gold maybe closing around price $1,433.85 for this end of June 2019, also will create new parrallel trendline at monthly timeframe. However, some other of my idea find out that gold also can be short in weekly timeframe. NOTE : This is just trading idea with others. Not recommended to follow as a signal. Trade as your own risk.
TVC:GOLDLong
by jaythegoldhunter
GOLD : TECHNICAL ANALYSIS BASED ON DAILY TIMEFRAME, 16-06-2019 Current view showed gold was tried to break resistance on prices 1358.08 but it pullback price and ran into resistance on prices 1340.80 . Candlestick closed with shooting star pattern which is long upper shadow that indicate price maybe start falling. Gold futures gave up much of their earlier gains on Friday, with strength in the U.S. dollar prompting prices for the precious metal to post only a modest gain for the session, down significantly from their highest intraday level in 14 months. Prices eased back from the session’s best levels with the dollar on track for a gain on the week, putting some pressure on dollar-denominated gold prices. The ICE U.S. Dollar Index DXY, +0.45% rose 0.6% Friday, set for a weekly rise of 1.1%. Gold for August delivery GCQ19, +0.06% climbed 80 cents, or nearly 0.1%, to settle at $1,344.50 an ounce. Most-active contract prices settled at their highest in a week, but were still 0.1% lower than last Friday’s settlement of $1,346.10, FactSet data show. Prices had climbed to as high as $1,362.20 during Friday’s session, which was the highest intraday since April 2018. My forecast on gold prices for next week (17 - 21 June 2019) is gold will short to next support area. NOTE : This is just trading idea with others. Not recommended to follow as a signal. Trade as your own risk.
TVC:GOLDShort
by jaythegoldhunter
GOLD : TECHNICAL ANALYSIS BASED ON WEEKLY TIMEFRAME, 03-03-2018This is my second time sharing my trading idea about gold and below was my previous post. Current view showed gold was tried to break support on prices 1304.54 but it tried to move higher and ran into resistance on prices 1340.95 . It make gold prices appear to be having a difficult time moving higher as the dollar remains robust. Strong commentary by new Fed Chairman Powell, lifted the dollar which weighed on gold prices. My forecast on gold prices for next week (05 - 09 March 2018) is gold will move lower and make second wave of downtrend to break support area to reach low trendline. NOTE : This is just trading idea with others. Not recommended to follow as a signal. Trade as your own risk.
FX_IDC:XAUUSDShort
by jaythegoldhunter