If one has to choose one asset class for the year 2018, this has to be it. An underfperformer from the equity markets for the past few years. Gold is poised to breakthrough & outperform the equity markets in 2018.
#gold #XAUSD
With the ab = Cd and rsi incompatibility in the upper part of the flag formation, we expect to reach 1252 for the first time ... We enter 3 processes with 2% risk management ... success ...
The price has reached a level where it can be bought for a three day presspective. im writing from india at 1.06 pm ist on the 8th of dec 2017. The price of gold is around 1248. keep in touch i have a target of 126 in three working days
OANDA:XAUUSD Gold Trading @ small support area. No trade here. Watching price action in daily time frame. any rejection (Hammer candle etc) near $1265 may take gold up to $1300. $1265 & 1260 also marks Fibo+ Pivot point in weekly charts.
If price hold Red zone we can see price may push to higher.Because of 50%fib rejection also this may be new H.H.Still we need confirmation for TL break.
Now price is approaching my Critical keylevel resistance.Simply looking for price to play.No fantasy 'Plan your trade, Trade your plan'.Keep your analysis as simple.
