Gold has had massive rallies and retracements the last few days. This being said, it looks like we are looking at a breakout into the lower region between 1538 and 1526.75. I have mapped out a few really important key levels and I recommend entering with caution. Once gold passes 1454.50 I will enter a short.
The Gold price has started to approach one of the possible short-term reversal areas. Several criteria matching each other and they make up a crossing area.
At the moment, the XAU price is trying to break above the down-trendline which is pulled from this year's high (red dotted line). It is great because, then the breakout momentum may drive the price to the...
Gold is maneuvering its Price in a interesting Position. But if you are planning to open long Positions on Gold you should be patient rather than being fearful of missing out potential upside.
Almost everyone looking at the Gold Chart will spot the Bull Flag and will see this as a signal to jump on a long trade.
Such a decision definitely can be categorized...
This massive 'monthly' triangle exit is 'perfect' by all measurements. It is unlikely that we're ever going to see current levels again, or for at least 6-10 years forward if the assessment is pure 'technical'.
Gold prices are expected to bottom by December this year, which indeed could be the last...
$GOLD #GOLD Will it touch Lower Support? Preparing to Buy the Dip.
The price of Gold is Trading since a Month in a big range between 1480 and 1550 and looking at the H12 Chart it seems that we are close to make a move out of it and retest lower support levels which are coming in at the vicinity of 1450.
H12 Stochastic is still pointing down heading into bearish...
$XAUUSD #GOLD #GOLDPRICE 09.09.2019
Many Traders will be possible wrong on their Gold Trades right now. And I explain why this could happen.
Price showing signs of a possible Pullback and there are some indications that are giving Bears some power. Weekly Stochastic got a cross down but is still in the bullish Control Zone. The Rsi is still is in Bullish Control...
If price stays above orange trendline we are looking to buy below the central weekly Pivot of next week (in the green zone).
This means we are looking to buy Friday afternoon/evening (before market closes) and/or Sunday evening when market opens again.
The lower (yellow) trendline coincides with the 100 EMA (gray) which indicates a strong area of support and this trendline also crosses with the next monthly Pivot-Point and also with this weeks Pivot-Point which makes this support zone super strong (I marked it with a yellow circle).
Next up, we have a strong resistance where the price is right now because the...
Maybe a bull flag as well, time will tell per usual.
One thing though, Gold has been in a bear market for YEARS, to suggest that the bear market is completely over is debateable.
On a smaller time frame there's clearly been a H&S pattern that played out after a rejection of a triple top.
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow:...
In my previous post i talked about Gold breaking flush through a Descending Triangle, i misspelt it for a Ascending Triangle. After looking again it appears as though this may be a fake out.. Time will tell per usual.
If you look at Gold on a macro 100 year chart including the wicks, Gold peaked in early 1980 2,200ish USD. After that ATH, gold sold off for 20...
I foresee either two scenarios. 1 is the price moves to upward resistance. Or 2a and 2b where the price drops further to support and then rebounds up to maybe below resistance or at it. www.anthonylaurence.wordpress.com