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Goldusd

Don't miss the great sell opportunity in XAUUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 27. Take Profits: TP1= @ 1711.43 TP2= @ 1691.60 TP3= @ 1670.30 SL: Break Above R2
FX:XAUUSDShort
by ForecastCity_EU
8
Time to buy Gold, will it touch $2400?!Looking at weekly chart, down trend of gold was long over and has recently break out long side trend as well. Gold has formed breakout pattern on weekly chart, where it has surpassed strong resistance of $1365 (facing since February 2016).. If we look at long-term investment horizon 3-4 years, Gold is ready to take off for new all-time high. Targets are determined using fib retracement from previous downtrend; alternatively, green lines show target /resistance it will hit in its uptrend.
TVC:GOLDLong
by AnkitSalgia
3
Gold | Triangle pattern Triangle pattern observed in Gold. Pattern looks to be valid and the target comes at 1477. 1438 and 1382 are the trend defining levels and so conservatively, longs can be initiate beyond 1438. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLDLong
by AkhilSuryaFS
Gold | Descending Triangle - Short below 1400Descending triangle pattern spotted in Gold,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted levels. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TVC:GOLD
by AkhilSuryaFS
3
Gold’s weekly outlook: July 08-12Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such fundamental developments gold did not break the support on closing basis indicating the trend hasn’t been affected though a close below $1400 mark may pinch the bulls. Important event lined up in next week – “Fed chair Powell testifies”. On the chart – Gold may have entered into time correction/consolidation after 6 weeks of vertical upside which is quite normal given the size of the rally. We have 2 scenarios – 1. Gold closed above the support, till this is held it can move till $1406. If this is crossed it can rally till $1412. And if this is taken out it can move towards $1420 and finally $1434. Short trades still don’t fit into the picture as supports were held and trend remains far too bullish for any counter-trend trade except scalping. Bullish view – Bulls attempted a jab at the highs again but failed to register a new one allowing consolidation to kick in as buying was not visible at the highs. Still they managed a good closing perfectly above the breakout area which suggests buying at the lows as slowdown fears continue to grip the globe even after a successful G20 summit and U.S – China trade talks. For bulls to keep continuing higher they need to defend the supports as well as aim for new highs as technicals and fundamentals are very much favorable for them. Bearishness remains off the table as broad trend remains ultra bullish. On larger terms, Gold remains bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1406 for the targets of $1412 and $1420 with a stop loss placed below $1392. Longer term target $1434. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator