so short on monday anyone ?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #48,143
- Feb 16, 2019 6:33am Feb 16, 2019 6:33am
- Joined Dec 2012 | Status: Lions don't bleat! | 2,874 Posts
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Name: 190215 XAUUSD 2DLY [1].png
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Wait, or you will be slaughtered!
- #48,144
- Feb 16, 2019 10:55am Feb 16, 2019 10:55am
- | Membership Revoked | Joined Dec 2016 | 1,824 Posts
da n0o0b + $hit_Disturber 
- #48,146
- Feb 17, 2019 10:45am Feb 17, 2019 10:45am
- Joined May 2015 | Status: Observer | 1,981 Posts
GOLD DAILY
H4
H4
We err, and err, and err again, but less.
- #48,147
- Feb 17, 2019 11:17am Feb 17, 2019 11:17am
- Joined Dec 2012 | Status: Lions don't bleat! | 2,874 Posts
Wait, or you will be slaughtered!
- #48,149
- Feb 17, 2019 3:49pm Feb 17, 2019 3:49pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
I am bullish XAUUSD. Here's why from a top-down technical perspective.
On the weekly time frame, the candlesticks printed since the past three weeks have been bullish, but a northward momentum is lacking. Presently, price action is located in an area that has seen congestion in the past and we may expect a bullish breakout from the area to lead to an increase in a northward momentum. The 1338.00 area is the immediate horizontal resistance and, technically, a natural target of such a bullish move.
On the H4 time frame, the technical patterns show a market still disposed for a northward continuation. Elementary wave analysis indicates that as the recent bullish move from 1311.90 is a move from a corrective phase, we may see further impulsive move northward, more so with a lot of space to move into shown on the weekly time frame. Nevertheless, as the market decides what it prints, we should watch how bulls perform in the early part of this week, particularly around the 1330.00 area, the minor horizontal resistance on the H4 time frame.
I may be wrong. Trade safe and prosper.
KP
On the weekly time frame, the candlesticks printed since the past three weeks have been bullish, but a northward momentum is lacking. Presently, price action is located in an area that has seen congestion in the past and we may expect a bullish breakout from the area to lead to an increase in a northward momentum. The 1338.00 area is the immediate horizontal resistance and, technically, a natural target of such a bullish move.
On the H4 time frame, the technical patterns show a market still disposed for a northward continuation. Elementary wave analysis indicates that as the recent bullish move from 1311.90 is a move from a corrective phase, we may see further impulsive move northward, more so with a lot of space to move into shown on the weekly time frame. Nevertheless, as the market decides what it prints, we should watch how bulls perform in the early part of this week, particularly around the 1330.00 area, the minor horizontal resistance on the H4 time frame.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #48,154
- Feb 18, 2019 3:57am Feb 18, 2019 3:57am
- Joined May 2015 | Status: Observer | 1,981 Posts
GOLD DAILY {image} H4 {image}
GOLD Daily & H4 & H1
We err, and err, and err again, but less.
- #48,159
- Feb 18, 2019 7:47am Feb 18, 2019 7:47am
- | Membership Revoked | Joined Dec 2016 | 1,824 Posts
da n0o0b + $hit_Disturber