{quote} Gold could move $40 (1320 to 1360) in a few days. Not saying that it will. Maybe some resistance 1320?
and scale in the shorts already held.
Markets are Irrational
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #48,021
- Jan 31, 2019 9:08pm Jan 31, 2019 9:08pm
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
and scale in the shorts already held.
- #48,024
- Feb 1, 2019 6:57am Feb 1, 2019 6:57am
{quote} Looks to be forming a slight head and shoulders hmmmm
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
- #48,025
- Feb 1, 2019 7:12am Feb 1, 2019 7:12am
- Joined Mar 2015 | Status: Trader | 1,439 Posts
{quote} I really want to take that trade but NFP coming up in about 30 mins
Gold:
GBPNZD:
- #48,031
- Feb 1, 2019 8:25am Feb 1, 2019 8:25am
- Joined Mar 2015 | Status: Trader | 1,439 Posts
I'm still keeping my SELL @ 1324 For now, I don't see any clear direction but short term I expect at least a pullback to 1300 handle
- #48,034
- Feb 1, 2019 8:41am Feb 1, 2019 8:41am
{quote} Nice job buddy, it dropped about 100 pips before NFP which was nice. I hope you get big profits from it bro
We can't control the sea, but we can learn how to surf the waves.
- #48,036
- Feb 3, 2019 3:06pm Feb 3, 2019 3:06pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my technical perspective on XAUUSD.
The daily time frame shows a market with a bullish sentiment. Price action has rejected an outer ascending trendline (red) and is respecting a steeper, inner ascending trendline (blue), indicating an increase in bullish momentum. The trendline angle appears to be too steep and we may have price action head southwards for a corrective operation, perhaps to retest a value area before a northward continuation. Such an area is the horizontal support around the 1304.00 area. We should also note that price action is presently located around the 78.6 Fib retracement of the downward swing from the high of April 11, 2018 to the low of August 16, 2018; which is a technical reason for a potential southward retracement.
Technically, I hold a short-term bearish bias on XAUUSD, while my medium-term bias is bullish.
I may be wrong. Trade safe and prosper.
KP
The daily time frame shows a market with a bullish sentiment. Price action has rejected an outer ascending trendline (red) and is respecting a steeper, inner ascending trendline (blue), indicating an increase in bullish momentum. The trendline angle appears to be too steep and we may have price action head southwards for a corrective operation, perhaps to retest a value area before a northward continuation. Such an area is the horizontal support around the 1304.00 area. We should also note that price action is presently located around the 78.6 Fib retracement of the downward swing from the high of April 11, 2018 to the low of August 16, 2018; which is a technical reason for a potential southward retracement.
Technically, I hold a short-term bearish bias on XAUUSD, while my medium-term bias is bullish.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #48,040
- Feb 4, 2019 7:20am Feb 4, 2019 7:20am
- Joined Mar 2015 | Status: Trader | 1,439 Posts
Here s my gold analysis. Decided to get in with small sell position.
