chart is self explanatory, good luck.
For me the waves look like there are still impulses up and more to come.
We have a Bearish bat pattern in play here with overbought RSI. keep your SL tight and your position relative to your account size, great R:R in play here.
Expecting the channel to break this time as DXY is rallying, might retrace a bit towards the greenline, will open a sell position regardless of the retracement, pretty good ratio.
Look what we've got based on Monthly descending bullish channel 1M: Bullish channel (not wedge) resistance sustained 1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low Some details and multiple timeframes charts would post later
i think the gold will hit 1200 or 1190 before it goes to 1300
Gold 1233.39 Market managed to sustain drop where tested 1225 zone while as we see over the chart market will face support zone at 1215-20 for the uptrend line. as long as market holding above support 1215-20 another rebound toward 1245-50 may be expected below 1208 market will face new drop pressure to head for testing 1190-95 zone Support ...
think the correction is over and the 5th wave began and the target 1300 or more if you dont wont to keep it all the way bay every correction trade with care
Overview: Gold futures edged higher in European trade on Thursday, after minutes from the Federal Reserve’s latest policy meeting underscored caution about future rate hikes. Gold Comex division tacked on $6.40, or 0.52%, to trade at $1,230.20 a troy ounce by 06:59GMT. A day earlier, gold lost $5.80, or 0.47%. On technical chart, Short term trend of Gold is...
We find touching @1256.86 and retesting this price agine AND in other side we also find same resistant @1274.39 BUT depending on basic and news analizy i think we will see broke and SHORT enter @1256.86 with main target @1248.09 ----------------------------------------------- hope happy tarading for all you can find me also in : twitter & instagram :...
Gold short back down to trend line then possible break to 1100.00
after rising wave what we analizet day later we told that will be correction in up front broke @1238 NOW the correction start and short begine SO, HAPPY TRADING AND WE WILL SEE WHAT HAPPEN :)
Resuming From Gold monthly analysis, check it from gold analysis section under Research Edge As the structure warrants, markets always tells us what to do...! the triple three within a triple three has been completed and it is time for an interim rally The gold had bounced from its strong support area @ 1043 levels and this is the main reason for the...
Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom...
All explanation in chart) Next scenarios in higher TF: Bear - wedge playing 1100> Bull - wedge breakout 1300<