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Gold monthly downside level is BROKENBecause of the broken monthly level line and it is already retested this level. I am directly bearish tonight on Gold , also because the dollar will rise and as i see on my weekly formation bar it is a shaved bearish bar which means it will go down. Take profit around 1653.00 and stoploss 1683.00 You don't need to look hours to analyse this chart. It is simple and just follow your analytical and fundamentals Have a nice weekend and nice trading week React and share your thoughts what you think?
FX_IDC:XAUUSDShort
by price_action_bars
CURE FOR CHINA VIRUS - BREAKING NEWS! - BUY THE DIPS IN STOCKS! WATCH WHEN SEVERAL DRUG COMPANIES LAUNCH A CURE...GOLD WILL TANK! BREAKING NEWS... Coronavirus treatment: Vaccines/drugs in the pipeline for Covid-19 www.clinicaltrialsarena.com GOLD IS WAY DOWN FROM WHEN WE FIRST POSTED TO SELL GOLD...WE MADE A HUGE PROFIT ALREADY! DO NOT SELL STOCKS INTO THE "FAKE NEWS" PANIC...GOLD IS OVER PRICED, HYPED AND FRANKLY, THERE IS A HUGE RESERVE OF GOLD THROUGHOUT THE WORLD. DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLD
by UnknownUnicorn3159981
$GOLD #GOLD will it behave or be irrational? #XAUUSD$GOLD #GOLD will it behave or be irrational? #XAUUSD ======== Prologue ======== Gold has been on a makro view in a uptrend but painting now lower highs and lower lows on smaller timeframes it is maybe coming into exhaustion. Given past market condition of retracing Index & Stock market prices it gained because in general Gold is viewed as a safe haven asset. This state of uncertainty makes a little bit harder to apply technical analysis because at any point an irrational move can happen. So we need to take this irrationality in our risk Management calculation and be prepared. ========== Macro View - Neutral to Bullish ========== just to sum it up on a Makro View (Weekly, 3Day, 2Day and Daily) nothing has changed. Gold has not broke the 0.236 Fib Retracement to the downside and is still in a Macro Uptrend. ========== Mikro View - Bearish ========== Looking at the H4 Chart the Stochastic oscillator is leaving the bullish control zone crossed and pointing down. Also we because we are painting lower lows and lower highs on the price chart and RSI we are in a downwards channel The RSI is trending upwards, regained the EMA and ist still above it but is confluent with price still in a downward channel. The upper descending Trendline of the downwards channel is creating resistance around the 1520 price. ========== Key Levels to Watch ========== 1.) Resistance 1520 (Downwards Channel and Start of Resistance Zone) 2.) Resistance 1550 and 1st Target of a upside move 3.) a Break of the Downwards Channel to the Upside is pointing to 1580 (measured move) 1.) Support 1485 2.) Support 1460 - 1440 (Support Area and lower trendline of downward channel) 3.) Support 1420 (Measured move from break of 1485) 4.) Support 1375 (Major Support and measured move from downwards channel breakthrough) ========== Have your stops in place and trade Safe! =========================== You can copy and follow my Trades on eToro www.etoro.com =========================== $GLD $GDX $GDXJ #GLD #GDX #GDXJ $NEM $GOLD. $HOC.L $2899.KH $BOL.ST $XAUUSD #XAUUSD #XAU #TRADINGGOLD #GOLDPRICE #TECHNICALANALYSIS
FX_IDC:XAUUSDShort
by koboltrading