gold advise
Mitglied seit Jul 10, 2014
1117 Posts
Sep 03, 2018 at 11:27
The consolidation around $1,200 continues and so far there is no indication for a breakout in either direction.
Mitglied seit Oct 11, 2013
775 Posts
Sep 03, 2018 at 23:53
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.
Mitglied seit Sep 03, 2018
1 Posts
Sep 04, 2018 at 06:41
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 04, 2018 at 17:16
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.
Mitglied seit Oct 11, 2013
775 Posts
Sep 05, 2018 at 03:08
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 05, 2018 at 17:03
For now Gold continues consolidating around $1,200 although there may be a new move to the downside soon.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 06, 2018 at 16:52
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 11, 2018 at 16:56
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.
Mitglied seit Oct 11, 2013
775 Posts
Sep 11, 2018 at 22:51
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 12, 2018 at 16:22
(bearbeitet Sep 12, 2018 at 16:24)
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.
Mitglied seit Oct 11, 2013
775 Posts
Sep 13, 2018 at 02:49
Gold goes back up above the 1200 level, but the 55 day EMA at the 1218 level may act as resistance.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 13, 2018 at 17:19
It bounced off from $1,212, for now the sideways consolidation around $1,200 continues.
Mitglied seit Sep 01, 2018
18 Posts
Sep 18, 2018 at 06:38
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 18, 2018 at 16:54
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.
Mitglied seit Oct 11, 2013
775 Posts
Sep 19, 2018 at 01:35
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 19, 2018 at 17:02
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 20, 2018 at 17:14
Gold is currently moving to the upside indeed, next short-term target is likely the last high at $1,213.
Mitglied seit Oct 11, 2013
775 Posts
Sep 21, 2018 at 02:23
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.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 25, 2018 at 17:00
Gold is consolidating once again, that likely won't end before tomorrow when there will be major US fundamentals.
Mitglied seit Jul 10, 2014
1117 Posts
Sep 26, 2018 at 17:35
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.
