OH MY GOLDDDDDDgold longggggg
thats right, im looking at swinging this bad boy, its broken a resistance level that took 6 years to finally do, thats a big factor in this,
also with the way US30 is and the trade war, investors will be looking to safe haven their assets, this again will push gold up further,
wait for the re test before entry young mt4 clickers.
once retested enter long and ride it up to the high heavens!
:)
Xuausd
Gold Under Pressure From Rising USD AgainSo just when you think everything is golden, maybe it's not!
From a recent high of 1326, we're now at key support levels if this latest Gold run is going to continue. 1303 is first up but if that's breached then it's 1295. If we go through here, which is imo a significant support level, then 1281 may not be far behind.
That said as always, much depends on fundamentals and of course the US$, which is stubbornly refusing to fall. Even if we do have a major collapse in the Gold price, I'm still long until the Kumo (green cloud) is breached, and/or the (orange) Chikou Span line drops beneath the price candles.
GOLD spot - UAUUSD highest close since mid Jul'18Sun 09.Dec.2018 12:13
Ticker: XAUUSD
LAST= 1,248.35
Gold Spot movement during the last few days showed a Bullish move, with a recent high price seen on Fri 07.Dec.2018 at 1,250.31.
During the next few days the price is expected to go up for 1,250.25 and then to 1,265.30.
The Short-Term view is expected to continue to be UP as long as the price is above 1,225.50, and, its recommended to ' BE LONG ' for a targeted price of around 1,270.00 Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1,214.30
Res_2 = 1,258.15
Res_1 = 1,252.00
Sup_1 = 1,245.95
Sup_2 = 1,239.80
Longer Term Montly View Gold Shor And Long AnalysisLonger Term Trend Is down So if 1st View Is If break 1160 Currently Low So Next Target Is 1125/1100/1085/1050 ANd Also last Is 890 And 2nd View Is If not Beak Low 1160 Than Going Continue up side and alsOo break 1210/14 level than next Targets Is 1238/1286/1315/1335 BEst Of luck......
XAUUSD: what do you all think?Hi All,
It's in all the chart - xauusd.
Please tell me what you all think.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...