Trade fearless not careless...
Syed Mohsin Ali Profit This Month:
-629
Gold futures & XAU 78 replies
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} Currently we have 1351.xx sell in play against 1357.xx risk with 1334.xx as it defence.Ignored
DislikedHello everybody ... my view ... ( gold Weekly ... see post 43251) gold (d) inside a 5th wave ... (b3(3co)three mother ... TP = 1375) ... ABC correction = a(a)+b(a)+c(a)+b1+b2+b3compo+b4+b5+a(c)+b(c)+c(c) gold (h1) inside a 4th one ... (3rd composed wave inside a ... 5th wave mother) gold (m15) inside 4th ( 3rd compo of 5th mother) my Forecast : waiting 3rd(5) TP=1358 4th (5th mother) @1358 to 1348 5th (5th mother) @ 1348 to 1375 nothing is guaranteed: everything is probable with an enter point (sl, TP) P.S. ... waiting then the (3co)four wave @...Ignored
Disliked{quote} Sattar9Gann, thanks for the analysis - it will be interesting to compare the time and price targets as the month unfolds. Please let me know what software you are using.Ignored
DislikedHere's a top-down technical outlook on GOLD. On the weekly time frame, the order flow has been strongly under the control of buyers since July 2017. Last week, a strong bullish candlestick showed the intent of buyers to follow through the bullish rejection candlesticks formed in the previous three weeks. The technicals on the weekly time frame favour further northward move, which may target the immediate resistance around the 1338.20 area; this area was last visited in November 2016 and marked the origin of a strong bearish move to the low of December...Ignored
DislikedGold is still technically northward despite the current southward mode, which is for a corrective purpose as the price action was too far from the mean value area. I expect a retracement to the 50/61.8 Fib zone of the most recent swing high on D1 (or somewhere shy of 1306.30) before a northward turnaround. I may be wrong. Trade safe and prosper. KP {quote}Ignored
Disliked{quote} Yes daily roll below 1339.xx will confirm 1306.xx with risk 1357.xx from there the battle will be on.Ignored