gold advise
Membre depuis Oct 11, 2013
posts 775
Sep 28, 2018 at 00:00
Gold has finally broken out of the current consolidation zone between the 1187 and the 1214 levels to the downside. The price of gold breaks below the 1187 level and drops to the 1183 as the US Dollar rallied during today's session. When the Dollar rallies, gold drops due to the negative correlation between those two instruments. To the downside, its next support could be at the 1160 level.
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Membre depuis Sep 25, 2018
posts 7
Sep 28, 2018 at 07:24
The price hit our first 2 targets now we waiting for the strong breakout. Our target is green area
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Trading, Golf
Membre depuis Jul 10, 2014
posts 1117
Sep 28, 2018 at 17:15
Gold bounced off from $1,180 and it is still quite bullish, next week it will likely reach $1,200 again.
Membre depuis Jul 10, 2014
posts 1117
Oct 01, 2018 at 17:25
Gold is consolidating around $1,190 and it may move to the upside again but the overall trend is bearish.
Membre depuis Jul 10, 2014
posts 1117
Oct 02, 2018 at 16:56
Gold is still consolidating and so far there is no signal for a breakout, later this week there will be major fundamentals so the consolidation may last until then.
Membre depuis Jul 10, 2014
posts 1117
Oct 03, 2018 at 17:31
The sideways consolidation is getting tighter and tighter, Gold will likely fall back towards $1,190.
Membre depuis Oct 11, 2013
posts 775
Oct 04, 2018 at 02:19
GStoneHoldings posted:
The price hit our first 2 targets now we waiting for the strong breakout. Our target is green area
It stayed within that range, good support levels. The main resistance is still around the 1214 zone. Nice chart.
Membre depuis Jul 10, 2014
posts 1117
Oct 04, 2018 at 17:31
The consolidation likely won't end before the fundamentals tomorrow, I have stopped trading Gold for now.
Membre depuis Jul 10, 2014
posts 1117
Oct 05, 2018 at 16:44
Neither, apparently, the fundamentals had no effect and it will likely remain around $1,200 until next week at least.
Membre depuis Sep 01, 2018
posts 18
Oct 07, 2018 at 06:07
I only feel comfortable long-term bullish gold. Price is clearly suppressed.
If you want the currency we got the advantage.
Membre depuis Jul 10, 2014
posts 1117
Oct 08, 2018 at 17:27
Gold is testing the support at $1,185 once again but for now there is no signal that the sideways consolidation is about to end, so it will likely bounce off from that level.
Membre depuis Jul 10, 2014
posts 1117
Oct 09, 2018 at 18:21
The sideways consolidation continues and Gold is yet to even bounce off from $1,185, I wouldn't open new positions before a breakout or at least a decent signal for a new movement.
Membre depuis Jul 10, 2014
posts 1117
Oct 10, 2018 at 16:42
Gold formed a spinning top candlestick at $1,185 on the daily time-frame, there will likely be a new move to the upside as a part of the sideways consolidation.
Membre depuis Jul 10, 2014
posts 1117
Oct 11, 2018 at 17:32
Gold finally broke out above $1,210 today and it is currently testing the resistance at $1,220, which is the (MA)89 indicator on the daily time-frame. If it breaks out above that level next target will likely be at $1,260, which is the same indicator, but on the weekly time-frame.
Membre depuis Jul 10, 2014
posts 1117
Oct 15, 2018 at 16:25
Gold broke out above the aforementioned resistance level at $1,220, the move to the upside towards $1,260 will likely continue.
Membre depuis Jul 10, 2014
posts 1117
Oct 18, 2018 at 17:04
The sideways consolidation continues and unless the fundamentals tomorrow cause a breakout it will likely last until the end of the week.
Membre depuis Jul 10, 2014
posts 1117
Oct 19, 2018 at 08:43
The range continues and there likely won't be any changes before the beginning of the new week. That said, next target is still at $1,260 for now.
Membre depuis Oct 11, 2013
posts 775
Oct 23, 2018 at 03:42
Gold has broken out of the consolidation between the 1187 level and the 1214 level. At the same time, the price of the precious metal breaks above the 55 day EMA. Now gold completes 8 consecutive trading sessions consolidating. The 200 day EMA at the 1248 level may act as resistance. Below the 1214 level, the 1200 level may act as support. For now gold is directionless.
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Membre depuis Jul 10, 2014
posts 1117
Oct 23, 2018 at 17:05
I agree, the sideways consolidation continues. Gold had broken out above the resistance at $1,235 but quickly retraced back below that level. A true breakout will likely depend on the fundamentals.
