Gc_f
is GOLD ready to breakout? On this weekly chart... GOLD is shown to be in an uptrend (higher highs, higher lows) YTD. The last higher low was made at a well tested support/resistance zone (light orange rectangle). Personally, I would wait for a breakout of the down trend line in place since its high in 2011 before going long, i.e. wait for a confirmation. If GOLD does break out, the measured move target is 1550.
GC (Gold) short downtrend continued by strong uptrend.Classic gold when breaking down in a bearish channel . We'll see a nice slide downwards in to the heavy "demand" zone continued with an absorption and then expect a bullish channel formation with a nice move upwards. Rinse and repeat with gold. Of course there is always the chance these support levels dont hold (paired with bearish news) and we get a nasty breakdown. Watch key levels marked on the chart for buy areas.
Gold - Major Bullish WedgeGold has been moving within this giant bullish wedge for quite some time now and is now attempting to break out.
This could be an amazing opportunity to play a huge rally if price breaks out of this pattern and then pulls back for a retest.
The first major area of resistance awaits near the July '16 high around 1375.
Stay in price action on GC As expected, GC didn't break through 1220 and went down to 1200 range and fell into the blue box support range. It's likely to to test 1188 directly or went up from 1200-1210 and test down to the next support again.
XAUUSD Bullish Cypher Pattern 1hr chartA possible cypher pattern in the hourly chart. Price is near the top of the regression channel plus near 38.2% fib retracement of the longer time frame. Expecting the highest of 1221 before pulling back to the completion of the pattern.
XAUUSD @ 1h @ still upside while ECB & TRUMP start this week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
Gold looks bullish on hourly but needs to break 1205FX_IDC:XAUUSD AMEX:NUGT AMEX:JNUG AMEX:DUST AMEX:JDST AMEX:GDX
$XAUUSD vs $GLDCan anyone explain a. why there is a variation between the gold price and the ETF price, and b. much more importantly, why the price of the ETF as function of the gold price is slowly falling?
$GC_F $GLD $XAUUSD No support hereCan't see any support here. The 38.2% (1171) has been breached, next stop 23.6% (1122). It is, however, oversold.
$XAUUSD ($GC_F $GLD) might be a buy hereSame time of year, fractal from last year overlaid. 38.2% fib is not great support, but a great RR if you believe it. Oversold as well.
$USDJPY at crossroads - may be due for a pullback$USDJPY at a critical juncture medium term. Wkly 100 sma @ 114.75 plus fib resistance @ 114. Downtrend line support @ 108 then 106.65 Fib support. This could affect gold, miners and equities near term as carry trades get unwound.
Gold in love with 60 handleBounced off this level numerous times now. The break out will be quite large!! Looking for the short side though.
Bollinger bands are closing in.
XAUUSD - 4hr Head & ShouldersGold broke 76 handle few moments ago
Looking for a quick TP soon at 39 levels now that more interest has been put back into USDJPY
GBPUSD now on the decline after hitting its limit at where the referendum date was set.back in Feb.
"Gold Update" $GC_F $GLD $GDX $GDXJ $DUST $NUGT $GOLD SI_F $SLVPatterns are in place for a retreat....
3 drive into Market Structure...
Above 1334 on a closing basis changes the pattern and decreases the odds.
