Jump to content

Gold Heading For 1276.61

Recommended Posts

If you like to trade gold its looking good to me right now. Take a look at this H4 chart showing a potential high to sell with a clear stop at 1289. a break above that could be a signal to reverse and go long.xauusd-h4-ig-group-limited.png

  • Like 2

Share this post


Link to post

 

13 minutes ago, Foxy said:

If you like to trade gold its looking good to me right now. Take a look at this H4 chart showing a potential high to sell with a clear stop at 1289. a break above that could be a signal to reverse and go long.xauusd-h4-ig-group-limited.png

It wouldn't be unreasonable to add the high from Feb to your trendline.

image.thumb.png.a531feac3689d6956824480597a0c0cf.png

Share this post


Link to post

@Caseynotes

I know what you mean, but that would be horizontal resistance not trend. I am looking to sell the current trend as shown on my chart if that trend breaks maybe I could look to that high as a long term bull target.

  • Thought provoking 1

Share this post


Link to post
On ‎03‎/‎05‎/‎2019 at 20:05, elle said:

hanging on to that channel ( just! )

Capture glddds.PNG

currently,    a closer look

Capture gold ch.PNG

Share this post


Link to post

@Caseynotes

Just my opinion but not a reliable source. There was a big sell-off at the breakout so I think it may be a false break.

Share this post


Link to post

@Foxy  interesting, you may well be right,  the sell off started before the US market open as well.

  • Like 1

Share this post


Link to post

IG seems to have a 'bullish bias' towards buying gold.  JN often has guests on talking about the 'inevitability' of gold rising.  🤣

Share this post


Link to post
12 minutes ago, dmedin said:

IG seems to have a 'bullish bias' towards buying gold.  JN often has guests on talking about the 'inevitability' of gold rising.  🤣

@dmedin

Every time I've seen IG broadcasts they have got it wrong, so I no longer bother with it!!

  • Like 1

Share this post


Link to post

Gold seems to be the main mover this morning, heading down currently at 1283, has tendline support on H1 just below and key  support on the Daily at 1266.

image.thumb.png.53c30d409a76e5c1fc6f8598b70311ee.png

image.thumb.png.bb6ed6e6d219d105e1590370bc0cbb06.png

Share this post


Link to post
On ‎27‎/‎04‎/‎2019 at 16:08, elle said:

generally an upward trend 

Capture channel.PNG

 

Capture andreas.PNG

Capture gold cvf.PNG

Share this post


Link to post

Looks like a strong breakout today 😎

Need to wait a day or two to see if it has legs. 

Share this post


Link to post

Very much back to risk on today, Dow up, dollar up, oil up, bonds down and gold heading back to 1280.

image.thumb.png.1c5237f247c2886da613380a89cdf836.png

image.png.63fd0bd2774e1647e7c99b7e35248e97.png

Share this post


Link to post

Question is, will you 'put your money where your mouth is' and place a bet on it going to 1280? 

😁

Share this post


Link to post

 

8 hours ago, dmedin said:

Question is, will you 'put your money where your mouth is' and place a bet on it going to 1280? 

😁

Can't trade everything @dmedin but no matter what you do trade you always need to know what gold is doing.

  • Thanks 1

Share this post


Link to post
On ‎27‎/‎04‎/‎2019 at 16:08, elle said:

generally an upward trend 

Capture channel.PNG

still hanging on in that channel !

Capture gold.PNG

  • Like 1
  • Great! 1

Share this post


Link to post

That's a nice thought but I doubt that the likes or you or I will ever really 'own' gold.  If the world descends into chaos, do you think the governments of the world will let you drive up to the fortified bunkers where the gold is stored and take your gold out?  I will try and read that report though it seems very naieve.  :D

Edited by dmedin

Share this post


Link to post

Some big claims being made for gold right now.  These tend to crop up and reappear on the internet quite frequently.  Interesting, IG was originally called Investors Gold and came about after the international gold standard was abolished.  :)

  • Like 1

Share this post


Link to post

Gold starts red and looks to be checking Tuesday's low 1276, could provide relief for the indices.

image.thumb.png.bc095e5050432e0b00fceead13563c96.png

Share this post


Link to post

Gold has rallied the last couple of hours, now at 1281 hence the indices reluctance to move forward.

image.thumb.png.9fcd14d448e9fdf2fdf7e51a8cbd70ff.png

Share this post


Link to post
On ‎23‎/‎05‎/‎2019 at 16:02, elle said:

still hanging on in that channel !

Capture gold.PNG

still in that up trending channel

Capture gold.PNG

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×