As you can see we are approaching a Weekly trend line that has been respected many many times as well as a strong resistance line. I anticipate a spike during news to activate buyers pending orders, and sellers stop losses and a very aggressive shot down to the 108.40s area expected by middle of next week.
As you see, an inverted head and shoulders pattern on u/j. Neck line is solid. If we break resistance buy large for 40 pips.
As you can see we have a bullish pendant. Break out on news. But on fake out.
As you can see from my analysis we are chilling on the bottom trend-line and major support.
AS YOU HAVE SEEN BEFORE FROM THE PAST, IM EXPECTING IN THE FUTURE.
THIS A LONG TERM SHORT OPPORTUNITY. IM EXPECTING A REPEAT FROM 2016.
WAITING FOR A BREAK OF THE TREND LINE THEN I EXPECT A PUSH TO THE UPSIDE AROUND 1313.00 BUY AT THE SUPPORT TREND. PLACE YOUR BETS PLEASE. GOOD LUCK BROTHERS!
ITS A VERY SIMPLE ANALYSIS, ITS JUST A QUICK OVER SIGHT. WE ARE IN PROFIT FROM THE LAST ANALYSIS. NO STOPPING HERE GOOD LUCK BROTHERS.
AS WE SEE HERE, IS THE BASIC BULLISH FLAG PATTERN. I EXPECT A PUSH TO THE 1289 LEVELS BEFORE ANOTHER RETRACE. TRADE LIGHTLY GOOD LUCK BROTHERS
MY ANYALISIS SAYS GOLD WILL FALL TO THE 1307.00 RANGE AS A PULL BACK (ALSO CONFLUENCE TO THE .618 FIB LEVEL) THEN CONTINUE TO THE MID 1330S. THIS IS MY MAIN IDEA. THE BACK UP PLAN IS THAT IT FALLS TO THE NEXT SUPPORT. I BELIEVE IT WILL WICK OFF THE 50% FIB AND CLOSE ABOVE THE .618% LEVEL. I HAVE PENDING ORDERS AT BOTH SUPPORTS. GOOD LUCK!!
I PROJECT THE MARKET WILL FOOL BUYERS TO GET IN THE MARKET ALSO HIT PENDING LONGS. BE AWARE. BE CAREFUL. GOOD LUCK.
THIS IS MY ANALYSIS OF GOLD ON THE HOURLY. GOLD WILL BREAK OUT OF THIS TRIANGLE AND PLUMMET.
GOLD IS AT A KEY RESISTANCE POINT. THIS RESISTANCE GOES BACK VERY FAR IN HISTORY. I'M CURRENTLY SHORTING. IF GOLD BREAKS THIS IT WILL GO TO THE MOON. BUT IN MY ANALYSIS I BELIEVE GOLD WILL BE BEARISH FOR A WHILE.