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gold advise

victoriajensen
Sep 03 2018 at 11:27
1117 posts
The consolidation around $1,200 continues and so far there is no indication for a breakout in either direction.
alexforex007
Sep 03 2018 at 23:53
775 posts
Six sessions in a row consolidated around the 1200 level completes the price of gold. From the current level the price may head in any direction or it may continue oscillating around the 1200 level. To the upside, the 55 day EMA at the 1225 level may act as resistance. To the downside, the low at the 1160 may act as support.
MakeItRain26
Sep 04 2018 at 06:41
1 posts
U.S dollar looks strong and retail traders are long on the most of the various consensus measures. If you have to take a position on it I would place a sell on it with a short term outlook. reasonably safe 50-100 pips to be made IMHO.
victoriajensen
Sep 04 2018 at 17:16
1117 posts
alexforex007 posted:
Six sessions in a row consolidated around the 1200 level completes the price of gold. From the current level the price may head in any direction or it may continue oscillating around the 1200 level. To the upside, the 55 day EMA at the 1225 level may act as resistance. To the downside, the low at the 1160 may act as support.

I agree, a further move to the downside requires a breakout below the last low at $1,160.
alexforex007
Sep 05 2018 at 03:08
775 posts
Gold breaks below the 1200 level and stays below it. The low at the 1160 could act as support and above the 1200 level, the 55 day EMA around the 1222 could act as resistance.
victoriajensen
Sep 05 2018 at 17:03
1117 posts
For now Gold continues consolidating around $1,200 although there may be a new move to the downside soon.
victoriajensen
Sep 06 2018 at 16:52
1117 posts
The consolidation continued today too, the pair is still testing $1,200 and unless fundamentals cause enough volatility for a breakout tomorrow the consolidation may last into next week.
victoriajensen
Sep 11 2018 at 16:56
1117 posts
Gold is still stuck in a tight range around $1,200 and that may last all week unless the fundamentals cause enough volatility for a breakout to occur.
alexforex007
Sep 11 2018 at 22:51
775 posts
The consolidation continues on gold around the 1200 level. The 55 day EMA at the 1219 level may act as resistance and to the downside, the low at the 1160 level may act as support.
victoriajensen
Sep 12 2018 at 16:22
1117 posts
It bounced off from $1,185 after forming a spinning top candlestick and a hammer candlestick on the daily time-frame at that level and it may test the resistance at $1,215 again.
alexforex007
Sep 13 2018 at 02:49
775 posts
Gold goes back up above the 1200 level, but the 55 day EMA at the 1218 level may act as resistance.
victoriajensen
Sep 13 2018 at 17:19
1117 posts
It bounced off from $1,212, for now the sideways consolidation around $1,200 continues.
keycurrency
Sep 18 2018 at 06:38
18 posts
Target $1,300, stop loss at $1,100. That leaves room for 5X leverage. Could fill before 2019. Prudent timing to buy XAUUSD today.
If you want the currency we got the advantage.
victoriajensen
Sep 18 2018 at 16:54
1117 posts
Gold has formed a hammer candlestick on the monthly time-frame above 1,160 so a long-term move to the upside may indeed begin soon.
alexforex007
Sep 19 2018 at 01:35
775 posts
The consolidation continues on gold and from the current range, which is getting tighter, the price may head in any direction. Just prepare yourself for an acceleration either above the 1214 level or below the 1187 level.
victoriajensen
Sep 19 2018 at 17:02
1117 posts
It has formed a spinning top candlestick at $1,200 on the weekly time-frame, which in combination with the above-mentioned hammer candlestick on the monthly time-frame is a good signal for a move to the upside.
victoriajensen
Sep 20 2018 at 17:14
1117 posts
Gold is currently moving to the upside indeed, next short-term target is likely the last high at $1,213.
alexforex007
Sep 21 2018 at 02:23
775 posts
There is a good resistance on gold at the 55 day EMA around the 1214, but a breakout of that level could accelerate the bullish momentum towards the 200 day EMA around the 1259 level. To the downside, the 1187 level could still act as support.
victoriajensen
Sep 25 2018 at 17:00
1117 posts
Gold is consolidating once again, that likely won't end before tomorrow when there will be major US fundamentals.
victoriajensen
Sep 26 2018 at 17:35
1117 posts
Gold is testing the support at $1,194 and is quite bearish for the moment, but the actual breakout likely depends on the fundamentals coming out later today.
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