I wonder why XTrade has been away for a long time .. we really miss his luminous comments and analyses.
Greetings to all
Greetings to all
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedIMHO, Gold prices are likely to test $1267 as the MACD seems on a northwards move after the breaking $1257 resistance area. Further, Silver prices are indicating a test of $19.30 with the same logic of breakout from 19.15 and MACD up move. {image} {image}Ignored
DislikedGold prices couldn't surpass 38.2% Fibonacci Retracement Level and are likely to comeback to $1264 area if it trades below $1270. On the Upside, the sustained trading above $1275 can make it vulnerable to test $1284 level, coinciding 50% Fibo. and descending trend line from April. Silver prices are testing the descending trend line and a failure to surpass it successfully can force it to test immediate support of 23.6% Fibo level near $19.46. A sustained break of $19.46 can cause the white metal to test $19.14 level. On the upside, sustained trading...Ignored
Dislikedsteve j that data will give some confidence boost for next week's session where there won't be that many indicators for the US. As for this week's its only normal that some would try to squeeze the dovish press conference from yesterday. Adding to that you have obama's press conference anouncement wich triggered more volatility Europe's negative deposit rates that keep's the money slowly flowing into safer more profitable places, and you have the chain reaction caused by all that that makes the momentum going. Check for the suport at 20,8320 got...Ignored