May 06 2018 at 06:46
Gold continues pulling back to the upside, but the 55 day EMA at the 1326 level may still act as resistance. Only a breakdown below the 1300 level could take the price of gold out of consolidation.
May 07 2018 at 15:16
It's likely moving to the upside towards $1,320, which is the (MA)89 indicator on the four-hour time-frame.
May 08 2018 at 15:28
Gold is testing the support at $1,306 yet again, next target should be around $1,300.
May 09 2018 at 16:00
Gold is consolidating for now and that will probably continue until the fundamentals later this week.
May 10 2018 at 15:40
Gold is slowly moving to the upside, it may reach $1,330 again.
Intraday Elliottwave Analysis: Gold, 1335.5 is key level to watch
Gold closed back above 1318.4.
As we disscussed yesterday, it is a short term bullish sign.
But we see the downtrend from recent high is a 5 wave pattern.
1335.5 is key level to watch.
We maintain the former long trade from 1313.5.
Support Levels: 1319.6 1318.9 1318.6 1317 1316.7 1313.7 1311.6
Resistance Levels: 1322.5 1323.7 1324.8 1327.5 1328.3
Gold Trade Idea:
Buy Limit @ 1318.6 SL @ 1313 Take Profit @ 1327
Gold closed back above 1318.4.
As we disscussed yesterday, it is a short term bullish sign.
But we see the downtrend from recent high is a 5 wave pattern.
1335.5 is key level to watch.
We maintain the former long trade from 1313.5.
Support Levels: 1319.6 1318.9 1318.6 1317 1316.7 1313.7 1311.6
Resistance Levels: 1322.5 1323.7 1324.8 1327.5 1328.3
Gold Trade Idea:
Buy Limit @ 1318.6 SL @ 1313 Take Profit @ 1327
Attachments:
http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
May 11 2018 at 17:08
Gold bounced off from $1,325 and it may fall towards $1,315 again.
Intraday Elliottwave Analysis: Gold, 1335.5 is key level to watch
Gold is quite in the narrow range.
Close above 1335.5 will regain upside momentum.
Below 200 day MA will threaten some deeper retracement.
Daily support Levels: 1317.3 1316.6 1314.1 1313.4 1311.4 1310.9
Daily resistance Levels: 1322.2 1323.3 1324.9 1325.3 1326.0 1328.2
Intraday Trade Idea:
Sell Latentinterest Order: 1330.1
Buy Latentinterest Order: 1310.9
Gold is quite in the narrow range.
Close above 1335.5 will regain upside momentum.
Below 200 day MA will threaten some deeper retracement.
Daily support Levels: 1317.3 1316.6 1314.1 1313.4 1311.4 1310.9
Daily resistance Levels: 1322.2 1323.3 1324.9 1325.3 1326.0 1328.2
Intraday Trade Idea:
Sell Latentinterest Order: 1330.1
Buy Latentinterest Order: 1310.9
http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
May 14 2018 at 15:29
Gold is stuck in a tight sideways consolidation, but it may move to the downside again soon.
May 15 2018 at 16:58
It finally broke out below $1,300 after months of consolidation above that level. Next target is likely at $1,280.
May 16 2018 at 16:44
Gold found some support at $1,285 but it is still quite bearish and it may continue falling.
May 17 2018 at 17:28
Gold continues consolidating after its latest decline and breakout below $1,300. The move to the downside will likely eventually continue.
May 18 2018 at 16:37
Gold has formed a pair of spinning tops at $1,295 on the daily time-frame so there may be some retracement next week before the move to the downside continues.
May 21 2018 at 07:26
The consolidation on gold continues around the 1289 level and it has formed what it appears to be a bearish flag. Therefore, the price of gold may continue falling to the 1270 level.
May 21 2018 at 17:30
Gold continues forming spinning top candlesticks on the daily time-frame above $1,285, the consolidation clearly continues for now.
May 22 2018 at 16:51
The consolidation continues but Gold also formed a hammer candlestick on the daily time-frame above $1,285, so there may be a new move to the upside.
May 23 2018 at 15:30
SNF_Complex posted:
==
new target is 1315-1320 ...
m30 TF signal ...
If it bounces off from $1,290 it will probably reach those levels, I agree.
May 24 2018 at 16:52
Gold broke out above $1,300, next target will probably be around $1,315 - $1,320 indeed.
May 25 2018 at 17:22
Gold is stuck in a tight consolidation, but next week there may be a new move to the upside.
May 28 2018 at 15:45
Gold is still consolidating around $1,300, when it will continue moving to the upside remains to be seen.
