gold advise

Very interesting price action on the daily chart of gold. The precious metal has fallen to the 55 day EMA at the 1324 level and consolidates at that area. From here the price of gold may head in any direction, up, down, or consolidate sideways. To the upside, the 1350 level is its next resistance and to the downside, the 1300 level is its next support.

Gold continues consolidating and it may reach $1,330 at best by the end of the day.

SNF_Complex posted:

SNF_Complex posted:

gold possible scenario

we hit main target 1323,

now I wait correct to 1355, than possible 1370-80

scenario in work !

wait for 1345 & upper ...

The precious metal is very bullish, the closest target is likely around $1,350.

we hit 1344 ... just 1pip to my target ..

now a get revers signal on m15 & close buy orders of gold ...

gold fixations

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I try to buy again ... I can't find analog pattern in past but think this is continuation patter ..

short stop big tp ...

Gold bounced off from $1,345 and is currently testing the support at $1,330. If it breaks out below that level it could fall back to $1,306 again.

Gold is testing $1,330 for a second time in twenty-four hours, this time it may be able to break out below it.

victoriajensen posted:
Gold is testing $1,330 for a second time in twenty-four hours, this time it may be able to break out below it.

I still hold buy with stop at 1328

& sell stop
at 1328 with target at 1306 ..

but think we go back up ... have h2 signal on buy at platinum ...

Sideways consolidation continues for now and it likely won't end before the fundamentals tomorrow.

The fundamentals pushed Gold down to $1,319 but it has since recovered and it will likely continue rising towards $1,340.

victoriajensen posted:
The fundamentals pushed Gold down to $1,319 but it has since recovered and it will likely continue rising towards $1,340.

Should do looking at eur/usd bottom today.

Gold has almost reached $1,340 and it may continue moving to the upside towards $1,360.

Gold finally broke out above $1,340, the move to the upside will probably continue for now.

Gold keeps a slight bullish trend and stays around the 1341 level, if it continues going higher, the next resistance could be the 1350 level.

victoriajensen posted:
Gold has almost reached $1,340 and it may continue moving to the upside towards $1,360.

yes ! good target ...

SNF_Complex posted:

victoriajensen posted:
Gold is testing $1,330 for a second time in twenty-four hours, this time it may be able to break out below it.

I still hold buy with stop at 1328

& sell stop
at 1328 with target at 1306 ..

but think we go back up ... have h2 signal on buy at platinum ...

we back on up trend !

Gold is testing the resistance at $1,365 but the question is whether it will finally be able to break out above it, because it has bounced off from it several times already.