At the value low, found the tail where price moving toward the control price.
Trader always tries to short at control price but not aggressive.
Short selling aggressively good at the excess, therefore at value high I have mentioned the short point.
Short Sellers have two points to short, control price at 1293.5 and 1297 nearby.
Exit at comfortable...!
1. we are only entering a correction phase when equity price / vaue of an asset depreciates and classic economic theory suggests that Gold is appreciated when asset prices starts to weaken.
But the performance of metals (especially, Gold ) was not at par with the rate of Asset depreciation.
Plus, in my view, we may see crypto assets which may take a charge in...
. There is a possibility of temporary retracement to suggested support line (1292.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support. ...
Gold made a new low before settling near the highs for the week. Again it was a $20-$22 ranged week where gold posted gains of $13 which can be considered as a retracement from the lows as prevailing situations did not alter much to enable a shift in the trend. The week has important fundamental events with the spotlight on Fed’s interest rate decision which will...
. There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as...
Gold continued to consolidate in $15 range but this time the expansion was on the upside unlike the previous weeks, finally closing with gains of $7. The uptrend was halted as the price action created a double top formation directly inverse to previous week’s double bottom formation which continue to suggest the trend still remains bearish in-spite of favorable...
Gold continued to trade in the defined range similar to the previous week ending with cuts of more than $6. The week saw gold getting battered towards the low again as the Fed’s policy outcome was dovish for the dollar. The week again has important fundamental news majorly the U.S – China trade talks which is presumed to be at the last level of round of talks....
Gold is in big bear market and i am giving you an idea and a prediction of what could happen next.
exit condition = breaking ema 21 or 1330+ area and just wait for an update. Big bear has not been played out yet
Gold prices kept falling in the channel,
Today focus on the NFP deta,
Suggest that investors remain short in high,
Or Sell Limit at 1276-1278,
Show U The Money!
--------------------------------Ronnie 2019.05.03 in
Gold continued its downtrend falling $15 in the week which again was a $20-$22 ranged one. The fresh decline raises the bar for further downside as technical support of a pattern gave way which was also retested it the week itself allowing it to become an immediate resistance for the price going ahead. Fundamental news keep coming out and last week saw the...
Gold continued to consolidate in a $20-$22 band with actual movement being less than a dollar maintaining the bearish momentum. The highs were sold into as risk-on re-emerged strongly owing to fundamental developments and better than expected data from America. The bar created looks very bearish and fresh lows are expected as tensions around the globe seem to take...