Gold Trading around 1217-1218 level where on daily chart we can see divergence and also strong support around 1202-1205 level where its also above weekly pivot point which is 1214 and below from monthly pivot point 1285. We can see its in range of 1205-1245 breakage of 1198 may call for 1165-68 where brakage of 1250 may call for 1285-90 advice to buy above 1198...
Intermediate-term bullish divergences building. Reading massive volume spike as a capitulation move... Coming down to solid support. Stop if supports/divergences break. Low risk/reward.
Once again I am looking at the weekly chart for gold which is oversold and close to very strong support around $1,190 - $1,210. Of course the price action during the last 18 weeks has been disappointing but there is still a good chance that this is the typical deep retracement after the first up-leg in this new bull-market. In the next step gold needs to break the...
Risk Vs Rewards News Trade buy Gold in range 1290-1319 sl below 1278 TP 1360
We are currently trading in a very strong bull channel. My long position was supported today when bounced very sharply from the 1286 level, and the MACD is about to cross. My expectation for the NFP is that they will miss, and we will see 130-150K jobs added in October (which the fed will justify is still enough to raise). However we are clearly in a bull-trend...
with a closer and detailed look i think we could see a great and powerful pattern wolfewave. could Gold reach 1524? it's a dreamy target... all 3 lines gather in 1 spot!!! worth risking it by R/R...
I use elliot wave analysis theory for most of my technical analysis. I am convinced that gold started a new bull market at the beginning of this year. Not only technically, but also fundamentally I believe a great many things favor rising prices for gold. I had to revise my wave count in silver and gold after these markets were pushed down at the beginning of...
could it lead to us election? still aiming the wolfewave target while moving inside the channel.
I believe a double bottom has formed at the 22.50 level. This could lead to a potential boost to 26 over the next few weeks. We have seen a nice bounce off this level in the second week of October, and have been progressing well a long the daily bullish trend-line. Unfortunately, miner equities and ETF's have been selling off with the recent equity sell-off, and...
Roughly trading on the same trend lines as gold. I am personally long from 3.43 - 2.97 - 2.89 (in that order) Avg. Cost 3.23, SL 3.43, TP 4.75 BTO.TO dropped significantly (roughly 12%) in late September due to a administrative audit (pretty much BS, and nothing will come from it as mining production in this area has not been hampered), and has a lot of room to...
I went long on miners at points A, and B. I have been using this channel since October 24 to help analyze whether or not to add to my longs, or if we would drop to my second trend-line. Based on the help we received from Clinton today, and the fact that we closed over 1275, I believe the lowest we will see next week is 1268/69 (this is based on my trend-line, and...
Support around both the previous .5 retracement and current .618, but a downwards bet on gold could complete a wave 5 before correcting to wave 4 low. I expect either a double abc, or a setup for a small head and shoulders (rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility and Volume could cause expansion of price above 1285 in next...
Gold Trading around 1268.5 holding Strong support above 1263 which is Weekly pivot also and on Daily its trend also up and as fibo studyholding 0.236 level As all we can see upside in Gold till 0.382% @ 1280 or 0.50% @ 1292 So advice buy Gold in range of 1268.5-1258 sl below 1250 where TP1 1280 tp2 1292
Gold Trading around 1268-1269 and holding Strong support around 1258-60 level where Weekly bottom seems 1254 level if hold above that level we can See Gold 1284-90 before new low So advice buy Gold in Range of 1268-1258 sl below 1248 TP 1284
Will Gold Repeat itself? AB=CD Pattern
Foreseeing a head n shoulder pattern over here, buy target set