As discussed in the previous idea GOLD broke the channel pattern with great volumes and now is heading towards its major resistance 1962.
RSI AND ADX MIX STRATEGY Gold scalping Gold scalping is best way to make money .
One day candle shows a clear consolidation. There is a major support and resistance. Support at 1916.006 and Resistance at 1938.818. The Blue and Red arrows indicates the number of rejections as support and resistance respectively. If the price breaks the support levels then the price will fall to a target at it next support level 1907.043 and further down to...
GOLD is rallying continuously was on a demand zone now broke a channel pattern and about to hit 1950 again
As posted on 8th April (Gold was waving in a channel pattern which was connected to a bullish pole. The channel has been broken recently and the retest on 15 min tf confirmed a long entry. Gold can shoot upto 1949 in upcoming days.) Here are the results Gold rallied upto 1950 hit all targets and s now consolidating keep an eye a big move is on its way.
parfect head and shoulder peteern only wait for closing this structure
TVC:GOLD self explanatory gold chart posted with labels. longer the time of accumulation with rounding base , more is the sustained move. these 2 years are best when it comes to commodity trading. make the most out of it !!!
Gold Is Still in Side Ways.There is some kind of Structure Change to Bullish. So Wait To Break out Sideways & Confirmation Market To Bullish Or Bearish. Good Luck.
Gold's Golden Rule Of 89% Golden history of last 50 years have shown that Gold has give big move whenever there is a minimum 89% move from bottom. Chart is self explanatory. There are three successful incident of min 89% move and two unsuccessful incident of less than 89% move. Successful Incidents 1. 1970 - 1972 2. 1976 - 1978 3. 1999 - 2005 Unsuccessful...
VERY BULL biG time 100% achieved profit time soon cOme i am long until 4,234 my guys. les GO x
When strategy gives you a signal double check with double RSI crossover is favoured
Gold was waving in a channel pattern which was connected to a bullish pole. The channel has been broken recently and the retest on 15 min tf confirmed a long entry. Gold can shoot upto 1949 in upcoming days.
Xauusd rebounce again and rejecting back to back from same demand area
Xauusd falling wedge likely to breakout movement till further resistance can be seen
The gold in a range bound from pass several days All level are marked on the chart This is for educational purpose.
Gold prices have been in a choppy range between $1,915 and $1,950 since the start of April. In doing so, the metal observes a short-term triangle formation, suggesting a further sideways grind. However, sustained trading below the 200-SMA and sluggish oscillators keep sellers hopeful. That said, a clear downside break of the stated triangle’s support, around...
OANDA:XAUUSD 1) initiate 30% long positions at CMP 2) add remaining positions on BO confirmation above 1960 3) sl below 1890
Possible bearish move still the trend is sell hit ema