gold advise

Gold continues pulling back to the upside, but the 55 day EMA at the 1326 level may still act as resistance. Only a breakdown below the 1300 level could take the price of gold out of consolidation.

It's likely moving to the upside towards $1,320, which is the (MA)89 indicator on the four-hour time-frame.

Gold is testing the support at $1,306 yet again, next target should be around $1,300.

Gold is consolidating for now and that will probably continue until the fundamentals later this week.

Gold is slowly moving to the upside, it may reach $1,330 again.

Intraday Elliottwave Analysis: Gold, 1335.5 is key level to watch

Gold closed back above 1318.4.

As we disscussed yesterday, it is a short term bullish sign.

But we see the downtrend from recent high is a 5 wave pattern.

1335.5 is key level to watch.

We maintain the former long trade from 1313.5.

Support Levels: 1319.6 1318.9 1318.6 1317 1316.7 1313.7 1311.6

Resistance Levels: 1322.5 1323.7 1324.8 1327.5 1328.3

Gold Trade Idea:

Buy Limit @ 1318.6 SL @ 1313 Take Profit @ 1327

Gold bounced off from $1,325 and it may fall towards $1,315 again.

Intraday Elliottwave Analysis: Gold, 1335.5 is key level to watch

Gold is quite in the narrow range.

Close above 1335.5 will regain upside momentum.

Below 200 day MA will threaten some deeper retracement.

Daily support Levels: 1317.3 1316.6 1314.1 1313.4 1311.4 1310.9

Daily resistance Levels: 1322.2 1323.3 1324.9 1325.3 1326.0 1328.2

Intraday Trade Idea:

Sell Latentinterest Order: 1330.1

Buy Latentinterest Order: 1310.9

Gold is stuck in a tight sideways consolidation, but it may move to the downside again soon.

It finally broke out below $1,300 after months of consolidation above that level. Next target is likely at $1,280.

Gold found some support at $1,285 but it is still quite bearish and it may continue falling.

Gold continues consolidating after its latest decline and breakout below $1,300. The move to the downside will likely eventually continue.

Gold has formed a pair of spinning tops at $1,295 on the daily time-frame so there may be some retracement next week before the move to the downside continues.

The consolidation on gold continues around the 1289 level and it has formed what it appears to be a bearish flag. Therefore, the price of gold may continue falling to the 1270 level.

Gold continues forming spinning top candlesticks on the daily time-frame above $1,285, the consolidation clearly continues for now.

The consolidation continues but Gold also formed a hammer candlestick on the daily time-frame above $1,285, so there may be a new move to the upside.

SNF_Complex posted:


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new target is 1315-1320 ...

m30 TF signal ...

If it bounces off from $1,290 it will probably reach those levels, I agree.

Gold broke out above $1,300, next target will probably be around $1,315 - $1,320 indeed.

Gold is stuck in a tight consolidation, but next week there may be a new move to the upside.