gold advise

Gold keeps its bearish trend in the short-term and breaks below the low at the 1211 level. The price of gold is getting closer and closer to the 1200 level, which could act as a very good support.

Gold bounced off from $1,204 but next week there may finally be a breakout below $1,200.

The precious metal is still testing the support at $1,204 but considering how bearish it is it will likely break out below it.

Gold is still in 'Up' mood.

NotyaBusiness posted:
Gold is still in 'Up' mood.

Why do you think so?

Today it hit 1,217. Still +0.16% at the moment.

NotyaBusiness posted:
Today it hit 1,217. Still +0.16% at the moment.

It's still consolidating sideways below $1,215 though.

Consolidation continues for now, there may not be a breakout below $1,200 this week.

Consolidation did continue today and it will likely last into next week.

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my current target 1235-1240 ...


we hit low at 2 days TF ... now we must go back ... slow to 1230-240 .. than possible 1270-1300.




Have a nice day !

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Interesting opinions from all of you, always trying to keep an open mind. Very good point of view, objective thinking, it deserves attention.

Gold briefly broke out below $1,200 today, the move to the downside will likely continue.

The move to the downside continues, next target is likely at $1,180.

Gold reached $1,175 and found some support at that level but it will likely continue moving to the downside.

last fixation of silver\gold -



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about 1180 for gold I tell all about month ago .. & now we hit the targets ...

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system final target for gold is about 1135 ..


after that we possible go up

Bullish breakout on gold. Gold tried to complete a breakout-pullback pattern on the daily chart, around the 1200 level, but it couldn’t continue falling after yesterday’s session. Today the price of gold breaks above the 1200 level and accelerates its bullish momentum. The breakout comes after the FED’s chairman, Jerome Powell, said that rates will go up slowly. His comments caused the Dollar to retrace to the downside and gold to rally, due to the negative correlation between those two instruments. In case of continuing higher, gold may reach the 55 day EMA at the 1230 level. To the downside, the low at the 1160 level could act as support.

Gold is losing its bullish momentum around the 1209 level, but it it continues rallying, then the 55 day EMA around the 1226 level could act as resistance. To the downside, its closest support is the 1200 level, followed by the low at the 1160 level.

The price of gold stays above the 1200 level after bouncing to the upside from the low at the 1160 level as shown on the weekly chart. Last week was bullish for gold as the US Dollar was retracing to the downside. The current weekly candle is in the shape of a doji, which is an indecision Japanese candlestick pattern. If gold continues rising, the 1227 level could act as resistance. Below the 1200 level, the low at the 1160 level could act as support.