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gold advise

victoriajensen
Nov 15 2018 at 16:35
posts 1117
There is a pullback indeed, but the precious metal is still consolidating sideways between $1,200 and $1,215 and so far there is no signal that consolidation will end.

alexforex007
Nov 16 2018 at 02:15
posts 774
Gold has found a good resistance at the 55 day EMA around the 1216 level and if the price bounces to the downside, it may consolidate between the 1200 level and the 55 day EMA. The most relevant support levels are the 1180 level and the low at the 1160 level. Above the 55 day EMA, the 200 day EMA is still its most relevant resistance at the 1245 level.

victoriajensen
Nov 16 2018 at 18:22
posts 1117
Gold broke out above $1,215 and continued rising towards $1,222, next week the move to the upside will probably continue.

victoriajensen
Nov 19 2018 at 17:29
posts 1117
Gold is still consolidating around $1,222 but the move to the upside towards $1,230 will probably continue.

alexforex007
Nov 20 2018 at 00:18
posts 774
Gold breaks above the 55 day EMA at the 1216 level and reaches the 1223 zone. To the upside, we must be aware of the 200 day EMA around the 1244 level, because it could act as resistance. Below the 55 day EMA, its next support is still the 1200 level.

victoriajensen
Nov 20 2018 at 17:56
posts 1117
The sideways consolidation continues and Gold has formed a shooting star candlestick at $1,230 on the four-hour time-frame, there may be a new move to the downside.

victoriajensen
Nov 21 2018 at 18:32
posts 1117
Gold continues testing $1,230 but so far there is no breakout above that level. A breakout above it could lead to another move to the upside towards $1,245.

victoriajensen
Nov 22 2018 at 17:57
posts 1117
Gold is consolidating sideways, next target will likely be around $1,220.

victoriajensen
Nov 23 2018 at 18:23
posts 1117
There is still no breakout below $1,220, there likely won't be one until the end of the day.

victoriajensen
Nov 26 2018 at 18:15
posts 1117
Gold is still consolidating and it has formed a spinning top candlestick at $1,228 on the daily time-frame, so the move to the downside will probably continue.

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