Gold can still drop down further to around the 1267 price which is right around support.
Gold has now broken trend line finally,we are gonna see a fall here.Good luck
UP TREND TILL 1380 BY THE END OF JULY
Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend. This week could be somewhat unpredictable with the amount of...
Regarding the fact that XAUUSD moved over the death cross and is inside triangle can brake quite fast and that can lead to a hole new open field of profits if this trend is followed !
After a major reversal on the weekly unfolding in a nice impulsive move upwards on the daily chart, a divergence showed up in the daily Gold chart, sending prices down over the past few weeks. They have dropped below the balance zone and took Momentum below 0, indicating a major correction. Now a new buy fractal signal has been formed. If it's hit, it could be a...
I would like to keep this post strictly Technical because Technical Analysis cannot be debated the way investors debate Gold as an investment from a fundamental perspective. There are numerous technical indications that Gold will rally. First would be trend resistance from the 2/1 Level of the Gann Fan along with the recent bounce off the ~$1050 Support level. The...
Gold had a nice action, acted well according to our plan from friday's morning note: "Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers." Now we have close above short term moving averages...