I see price retracing here back under the neckline for a breakout possibly later.
I took a very small buy in bitcoin. I am out of Margin due to excessive silver buying on friday. I like these charts and the EMA's are HOT Consider trading with a 0.25 % risk. STOP LOSS: 63,805 Buy market price while in consolidation if you want to take the trade.
Cast your minds back to the end of 2015 guys. I know you probably have no recall on the Gold-price. So let me tell you how the Gold price was behaving at the end of 2015. For several years prior (approximately) 2012-2015 the Gold Price was trending down to a support level around December 2015. Now, take a look at the 3 MONTH-Chart for XAU USD. What do you...
* Trading is risky. Please don't rely solely on my financial advice. * If you do take any of my trades, I suggest you only ever risk 0.25% - 0.5% of your total Capital on any given trade. My trades have fantastic RR. Not this 1:1 crap you will get from a subscription service. But it's much more than my ego. Here is why: Say you risk 2% per trade like the gurus...
See here for Palladium which I am also keen on for Long-hold going into Mid-September. Note the monthly RSI oversold & starting to cross-up on the Oscillator The monthly Stochastic is doing the same! Below is a Weekly-chart for Palladium See my wedge lines broken in grey. See how price has crossed-up & wants to now move higher, backed by...
Buy AAAPL, Buy Googl, Buy QCOM, Buy McDonalds Fast Food. I honestly have not checked their charts. But they are some of the stocks that must be starting to turnaround in their share prices following the recent sell-off, these companies I would say with their global franchises & operations would be benefiting from a weakening US-Dollar. You can see in the...
Please see the Cup & Handle formations for Gold below on 4HR, Daily & even the mammoth on the Monthly chart. Why they are trying to shake you out of your long positions in Precious-metals. Stick to the higher time-frames guys & you won't lose sight of the bigger picture for Gold. See the high time-frames for XAU USD above and below. I see better...
On the important 1HR timeframe and critical 50 EMA where it gets most of its support and cues from, for the 5 hours it has still had this support despite some bouncing around and increased volatility on the lower timeframes. Mr Powell addresses at 10am NY time and New Home sales we would like a bearish figure and an upbeat Mr Powell who probably is a bit...
XAU USD is very weak on the important Weekly timeframe. There are also Double Tops on multiple timeframes. Recently on the 2m chart the MTOP formation was breached. Look for a retracement back above the neckline and look for an easy short.
Precious metals particularly Gold are very strong today. XPTUSD is bucking the trend and bearish as it wants to trigger this bearish H&S. It may play out very soon. I will send out an alert. It has already retested so a break of the neckline could mean a swift move down before it's price will snap back bullish and play catch up with Gold. So you could ride it...
Happy Friday guys, I was tired & late getting into the Asian session earlier. But as soon as I locked-horns with my 42" monitor I saw that Gold & Silver were in a mild upside rally. I soon took a long position & recommended one for you in Silver which was rallying stronger than gold. The gold price struggled at resistance from 2490 to 2500, not strong...
There are some bullish Head 'n' Shoulders patterns today in Precious Metals. 1st up see charts for Palladium XPDUSD. This is a bullish H & S's on multiple timeframes. 5m played out earlier in Asian session but we still have setups on the 1HR, 2HR and 4HR charts. If Mr Powell gives the market the boost and shot-in-the-arm that I think he will today because I...
Gold rallying in open of Asian session. Let's run a cautious LONG on silver at current price We can see the Gold price showing strength so far in rising wedges on lower timeframes
Gold price really knocking down hard on the 80 level of the Daily Stochastics...It is down around the 72 level....Weekly Stochastics is sitting above the 80 level at about 84. Price has sold off but found some Daily time frame support around 2483. I am awaiting 2 x Significant economic reports over the next 20 minutes....then we might look or a trade on the...
USDX has really fallen off a cliff this week & this lowering of the USD has been supportive of Gold & all at a time when Gold has been bided up a bit too much & making the Gold price overbought on the Stochastic's higher-time-frames. With USDX and the Gold-price having an inverse relationship, my chart shows just how much the USD has been oversold this week...
Heads 'n' Shoulder long XAU JPY on 2HR and 4HR. Note: This trade has not re-tested yet. I will keep monitoring.
At the New York session yesterday Wednesday, Gold got sketchy as the price quickly sold-off below the critical 2500 level but it soon got support as a further sell-down in the Gold price was not warranted. The Gold-price bottomed at 2494.03. As it recovered quickly with bulls stepping in the price got back above the 2500 zone. I advised here of bullish...
Regular Gold is breaking out on a Cup .... so is GB Gold.