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patience pays off[ ]At the time of writing this article/idea our full short position is now justified in both of the precious metals gold and silver from the risk and reward measurement Not too long ago on friday we closed our net short position in both metals in our group,since then we have seen huge rally in gold and silver as expected before,we already mentioned our short term target area in yesterday post and it was expected to reach at the end of week but yesterday rally was so significant that both metals hit there target areas,before going into chart we want to emphasize you that don't try to look charts as a trading system,it's rather a tool which helps you to find good entry,stop loss and take profits that's it,there are many long term fundamental factors which helps us to add long or short position in our portfolio,ok now let's dive into charts In yesterday post we mentioned that gold could move 1340 zone before it plunges again why 1340? that's where the rising resistance line is,we argued that once it hits that zone that wlll be a strong bears signal and we will be ready to net short our position but before it plunges more in a dramatic way you can see a small upswing again in both of the metals,most important to note is yes gold market is giving strong bearish signals but more strong confirmation is coming out from other precious metals sector silver sector-until now we didn't mentioned silver sector in our idea but from now you will see silver,mining stocks as well as usd index analogy in our articles,on dec 15,2017 we have seen a similar daily rally that we saw yesterday,shortly after the rally silver plunges,bearish implication were huge,so are we going to see the same decline in silver this time? we already did but lot more to come!! not only because we are comparing this present scenario with past but because silver outperformed gold multiple times before declining,we already mentioned in our articles(not here sorry) that once silver will reach to our target area our bearish outlook will be more confirmed ok let's move into us dollar index,keep in mind thay usd index is above its very important support level so long term outlook is very bullish but before the end of week we can expect some volatilty as mario draghi speech and emloyment numbers are about to come so the question is will gold and silver will rally up again,they can but less probable as they have reached our areas of interest so outlook is very bearish now,but anyways we will update with our post if any major changes will happen in metal sector, gold-1st target-1230 stop loss-1379,entry price-1325 silver-1st target-14.730 stop loss- 17.300 entry- 16.500 if you are interested in intraday signals p.m me we will provide you it free stay tuned
FX_IDC:XAUUSDShort
by NeerajPandey
6
short term buy At the time of writing this article/idea we don't think any position in gold or silver will be justified from the reward and risk measure our profit taking on friday turned out to be a good decission as the usd index declined significantally and gold/silver are making upward movement,but the question is how much gold will rally before the decilne continues again? for that we need to go to our usd index chart,let dive into it.us dollar has been declied to its february low or alteast closer to it but we really don't think it's going to mannifest,the most likely scenario which could happen is us dollar will find its support at the above mentioned trend line,it could decline to 89 before it soars again,we believe that our support line will trigger the reversal in dollar and it should be done with in a week or so,after that it will depend how the dollar moves(pace),in precious metals sector triangle apex technique always proved that it's the most important technique a trader can use if he works in precious metals trading,so it's something traders should always take into account, gold upside target-The emloyment numbers are going to released on friday and it will make volatile price movement,before the decline continues friday can be the perfect day where it can trigger the final part of upswing before it plunges again,overall we all should be prepare for the soaring of gold before it declines again,but the real question is how much it will soar,gold could reach to the 1340 zone before it plunges,that's where the rising resistance line is,again let's keep in mind that there are too many long term bearish factors in play which will drive the price down,right now we think it's better to be out from market but as always we will inform you with precise target and stops once market will provide us any clue!!!
FX_IDC:XAUUSDLong
by NeerajPandey
Stock Market, DXY, and AmericaAs many financial events are taking place on the fundamental side such as trump's speech tonight, breaking price highs and lows from a -5 years has occured many major market oves plus allocation of funds normally placed in these markets were transferred to the cyrptocurrency market which will be be moved to the bonds, and safer investments. Dxy is on a strong support, the stock market which was making highs while the dollar was making lows,and they are both turning around together. Gold sell is looking great, you can trade the dxy actually so i will be in both of these pairs. looking for dxy to hit the tp listed. Rsi is beyuond overbought or oversold depending which slot the USD on the ticker code.
TVC:DXYLong
by Zohaib_Valliani
Gold @ daily @ technical Death Cross (100 SMA crosses 200 SMA)If the 100 SMA is crossing the 200 SMA many traders are talking about "death cross" - `cause the midterm investors starting to get under pressure relative to the longterm investors ... How ever, not only the big picture about XAUUSD is ugly - the short term picture inclusive :) 1188.10 intraday high while last FED press conference 1157.30 intraday low while last FED press conference 1165.36 intraday high while last ECB press conference 1138.68 intraday low while last ECB press conference should all be something like higher short entry capabilities into last temporarly lows (around 1088 while december`15) after historical all-time high (around 1920 in september`11). In principle, i can`t imagine that we`ll trade XAUUSD ever again around prices of 1199.80 (june`16 low) & 1241.50 (october`16 low), `cause the fed will raise their rates 2,3 times 2017. But not in 1st quarter`17, if i am anticipating the future right. See dates of FED & ECB (1st Quarter in chart also). All in all together these are the main reasons why i would prefere the downside not only 1st Quarter`17 - much more until end of 2017. New temproraly lows under 1046 are only a quest of time. And prices under 999 - one year ahead (while christmas 2017) - woudn`t surprise me any more ... Take care about the death cross ahead, this could initial technical price volatility out of the yearly lows of 2013 (white line by 1180.20) & 2014 (white line by 1132.08). Superordimnate price targets are form this point of view 1073.53 (yearly 2015 low) & 1061.20 (1st price of 2016) & even also around 1046 (temporarly lowest price while dec`15 since all-time high in sep`11). Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
FX_IDC:XAUUSD
by Devise2Day
2
Gold: Post-FOMC OutlookMy last post here on Gold (see Quick Take: Gold: Pre-FOMC Outlook ), I predicted that we would see it drop again. Here's the chart that showed this pre-FOMC: I also showed you how having predicted, projected, making a trading plan and TRADING that trade plan based on my projections and the many wave count scenarios that I worked hard on coming up with, I and my members were able to rack up over +2800 REAL pips! (see this post: ) Well, we just added another +329 pips to that count and now have pocketed over +3000 pips on Gold in the past few months following my pre-FOMC prediction. But now that it has done what was expected, what now? The chart that you see is showing what I believe is the tail-end of that amazing drop started from more than 4 months ago. From here, we could see a nice bounce as prices complete a large POTENTIAL Cypher pattern and also reach the MAJOR DT TL below. That area should provide some strong resistance. PM me for longer term projections.
FX:XAUUSD
by EverythingForex
5
XAUUSD Short SoonWaiting for bearish confirmation candle before putting a short stop order few pips below the recent low at S1 pivot level. Target entry near S1-S2 fibo lines (pink) with TP at previous S3 fibo line (blue) near S2 pivot level, and TP near S1 pivot level. Might widen or tighten SL depending on next week's volatility before entering short. This is also in line with bearish movement bias on higher timeframe charts and strong sentiment about USD regarding higher probability of Fed rate hike this month. www.marketpulse.com W: D:
OANDA:XAUUSDShort
by aiza_belle
Quick Update: Gold - A Change In Wave Count Reveals BIGGER Move!So far, +315 pips move on our trade..... My last post on Gold, I posted this chart: With that update, I also said "Gold is still heading down in a wave (iii). So DON'T try to BUY yet! And yes, it is TOO LATE to try to SELL and get in on the downtrend because this wave (iii) may be coming to an end soon. By my wave count, it should retrace back up soon in a corrective wave (iv). After that is done, I will be looking to trade the wave (v) back down. " I then followed it up with this chart update: With that update, I said "if you look at my last update, you will see that Gold had moved EXACTLY as I said it would. EXACTLY. When it hit that MAJOR SR Structure on my chart and gave a BUY signal, I told my members to go ahead and BUY and we did at 1310.79. And as of now, we are up +146 pips on this move. Did you all follow my chart?" But now that prices have moved as strongly as they did AND beyond my TP point, it has invalidated my original wave count and forced me to reassess it. Of course, I'm not mad because the more it keeps moving, the more me and my members are making off this trade! If you had joined us, you would be too! So now, I have readjusted my wave count to account for this move up. And what you may notice is that in order to accommodate this move, I have had to mark the previous move down as a wave 1 and this move back up as a wave 2. Which means that when this move up finishes, the next move COULD be a wave 3 down! I say COULD be because...here is my ALT Bullish wave count that MUST be considered! If this ALT BULLISH wave count is correct, hey, my members and I are already in on the ground floor of a HUGE, HUGE move! You could've been also had you been a member! So take BOTH my wave counts into consideration before you decide to do anything. *DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading! THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated! If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
FX:XAUUSDLong
by EverythingForex
11