Xaususd
XAUUSD BUY TRADEPRICE SHOULD TEST AGAIN THE 1309.47 FIB LEVEL.
PLACE A BUY ORDER AT 1309.47.
STOP LOSS AT 1296.04
XAUUSD 4h LongXAUUSD 4 H Long
Resistance: 1.320 - 1.340
Support: 1.310 - 1.306
This is not investment advice
Gold will hit 1425, 1475, NO Rate Hike this yearif Fed wants to hike the rate, they would make the NFM of Aug pretty good then hike the rate, but they didnt.So it's pretty obvious that the economy is not good enough for the fed to hike the rate in this year. it's good to long the gold when it pullback
Is the correction in gold miners over?ABX is the leader of the pack as it is one of the biggest and most famous gold miners and widely known for being owned by Warren Buffet. It is also the biggest component of GDX ETF.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the way out of the correction for the rest of the miners as well.
XAUUSD - uptrend supported by the decrease of the US dollarXAUUSD is on an uptrend since January. After the NFP Report XAUUSD has been going up. This should continue until 1350, I will keep an eye on today's American announcement at 4.
trading area 11/8/2016keep it simple and stupid!
trading area 11/8/2016 this is my idea, the risk is all yours!!! watch your money management!!!
Gold Sell SetupThere is a great potential sell setup forming in Gold on the H4 chart. Commodity has been trading higher for the past few weeks and it is not approaching good reversal levels, even if only for the short term. The bearish divergence is another confirmation for the bearish outlook
Once the false breaks are there, next step is to look for a correction. Ideally we will get a double wave on the intraday charts M15/H1 and we can sell. The sell could be triggered either from a false break at the end of the double wave correction or when the short term up trend line (connecting the lows of the double wave) is broken down. First method is a bit more aggressive but the risk:reward is usually better compared to the second method which is more conservative.
Protection in both cases should be above the last high and the target is near the H4 up trend line (image above)..
Long-term trend reversal in playGold price is expected to make a pull back towards $1,150-$1,190 in order to complete wave 2 down, before the resumption of the larger bullish trend that has started. This scenario gets canceled if Gold price breaks below $1,045 or if the rise from $1,045 turns out to have a corrective pattern.
Gold all nigh long 24-25/03/2016Hidden bullish divergence on MACD and RSI
Nice H4 pin bar for bullish run
1231-1241-1251 levels to focus 125x lvl preferable to close longs
SILVER LOOKING TO BREAK FREE!!Dollars been taking a beating. Pay attention to Gold and Silver ratios for a high of at least 86-87 to confirm lows on the metals market.
Gold is poised nicely for a pullback.#GOLD $XAUUSD is poised for correction, RSI & MACD forming little divergence. I'll buy on pullback. $SLV $GLD $GDX $NUGT $DUST $JDST $JNUG
"YELLOW METAL ROADMAP"Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time".
Breaking below the inflection point of 1142 increases the odds to attack deeper
targets.
XAUUSD Potential ShortBearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
Reached first target level, on its way to the second near 118Since my last post about GLD, the trend line breakout prediction lead to a huge rally. The importance of the 114-116$ support zone has proved itself.
Since than, I've traded a small harmonic pattern successfully and lately I've traded this Butterfly pattern (shown in the chart) on $XAUUSD.
Not that it has reached first target level. $GLD could be heading towards target 2 and possibly, the end of its pullback - the 116-118$ zone.
In order to do so, $GLD will have to break and close below the 200 SMA line, which acts as support. If it will, 118$ will be the first target level and below it 116$.
