Hello Traders! XAUUSD broke out of a DESCENDING TRENDLINE(Orange Trendline), which is a good sign for GOLD BULLS. However, it dropped back below the trendline almost immediately which makes me wonder if it was a ''FAKE BREAKOUT".
That being said, Gold seems to have found some SUPPORT IN THE LONG-TERM BULLISH TRENDLINE(Green Line) which increases the probability of...
I don't want to go into this before we get a daily signal for a long trade but I want to give a chance on the smaller time frame for a long entry.
The idea is simple : if the intermediate cycle bottomed last week Tuesday at 1266 $ than today's drop is just the back test of neck line.
If we close in the green the daily chart will also give us a signal for a long...
Gold is consolidating quite long from 28.th of June 2013 till nowdays.
On Forex, on October route 6.7 T USD loss was achieved on global equities market.
I posted on 15.th of November short on SPX (as index fell for 2723-2400). (feel free to check on my twitter).
That's 2676B loss achievend in one month time.
The time has come when all stock indexes will...
As the wonderful president keeps f#cking America like a cheap whore after a booze fuelled night then Gold is only going to strengthen as in times of uncertainty people run out and invest in Gold... and I think it is pretty safe to say things are quiet uncertain with America and the economy at this moment in time.
Even if you are a Trump enthusiast you must be...
As seen on my 4 hours chart, market made a double bottom before pushing back up. I will either do a buy at this level or wait until market breaks and closes above the level identified on the chart. The reason for this is because although market made a double bottom which is usually a sign of a reversal, sometimes market will turn around and invalidate this signal...
Rise and shine, and the gold climb and break above the range.
In that process, an inside bar was formed in the H1 chart and then broken upwards.
It seems that the gold has chosen to run one more wave of bulls.
Wait for the price to pull back to 1293 - 1290 to look for a buying opportunity.
As per our previous prediction, Gold has done its down side correction to 1290 , now its time for a long position
So Buy XAUUSD @ 1290.123
T.P @ 1298.231
S.L @ 1288.451
Please do trade with proper fund managment