# Overall bearish # Strong sell : Recommended short position only # Potential level to re-enter short *highlighted area*
Recent NFP data just pushed Gold to the upward. Recently just bounced off the weekly pivot. LONG if breakout to the upside targetting the potential 3rd test of Daily TL. SHORT if price close below 1134 with immediate target shown on the chart. Stay neutral for now as Gold is constructing it's highs & lows, enter when direction is clear. Have a profitable week traders!
A few confluence for long entry. Details on the chart.
I believe Gold is approaching 618 Fib Retracement which is an important support level with high potential of reversing around this level. First profit target is in the chart. Have a profitable week traders!
Staying out for Fed Interest Rate Decision today. Have a good week traders!
if price break,close & hold and close above 1110 with potential target around 1118 area. Potential short-term reversal at 1112.27. This is just an outlook. Have a profitable week traders!
Gold still bearish. Broke recent trendline & close. Quick target at 1099.49
I have few running positions entered last night at 1124,1124,1126. Targeting until 328 Fib
Bullish momentum is still in play here. Long until highlighted area. Look for candlestick formation for reversal at the selling area. That's only my take on Gold for upcoming weeks. Have a profitable week traders :)
Possible channel-range for Gold. Perhaps moving sideway until the end of this month? It's best to stay neutral in my opinion now. Do let me know what you think. Happy trading and have a good week traders!
Strong bearish channel, continuous High & Lower High, Low & Lower Low. Gold in need of a new Lower High before it move lower. For now, LONG positions are recommended and look for buying opportunity in a lower timeframe. This is only my very own outlook on Gold. Trade at your own risk and do let me know what you think. Have a good week ahead traders!
Pretty straight-forward idea. Gold need to pullback atleast down to 1100 before it continues the bullish momentum. Price recently broke the consolidation structure. Buying zone is 50% Fibs from the recent low. Hope this helps. Happy trading and have a good week traders! and let me know what you think...
Price recently broke triangle. Currently re-testing TL. Doji formed on Fib (50%), price resting on Fib (50%)