Gold/USD pair එකේ trading signals

DON999RU

Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    Guys...:cool:

    It seems Gold/USD is laying foundation for LONG TERM BULLISH RALLY after got denied/supported at the level of 1284/1281 region.There will be lots of retrace opportunities for short term sells/buys.There are 2 possible scenarios..,

    1.If it goes over 1302 breaking long term weekly head and shoulder pattern...the rally might continue to 1400+.:P

    2.If it gets a Bearish reversal at 1302 region it could rally down to 1240.
    so...approach with caution!:yes:

    # I recommend to wait and see how market behaves at the 1302/1307 region.Then Enter the LONG TERM TRADING. Otherwise I'll be posting Short-term signals in the whatsapp group.:love:
     

    DON999RU

    Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    Guys...:cool:

    It seems Gold/USD is laying foundation for LONG TERM BULLISH RALLY after got denied/supported at the level of 1284/1281 region.There will be lots of retrace opportunities for short term sells/buys.There are 2 possible scenarios..,

    1.If it goes over 1302 breaking long term weekly head and shoulder pattern...the rally might continue to 1400+.:P

    2.If it gets a Bearish reversal at 1302 region it could rally down to 1240.
    so...approach with caution!:yes:

    # I recommend to wait and see how market behaves at the 1302/1307 region.Then Enter the LONG TERM TRADING. Otherwise I'll be posting Short-term signals in the whatsapp group.:love:

    (A) Bullish Trend(Long Term) 1st Profit Target 1333/1337
     
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    Reactions: Vandetta

    DON999RU

    Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    Guys...:cool:

    It seems Gold/USD is laying foundation for LONG TERM BULLISH RALLY after got denied/supported at the level of 1284/1281 region.There will be lots of retrace opportunities for short term sells/buys.There are 2 possible scenarios..,

    1.If it goes over 1302 breaking long term weekly head and shoulder pattern...the rally might continue to 1400+.:P

    2.If it gets a Bearish reversal at 1302 region it could rally down to 1240.
    so...approach with caution!:yes:

    # I recommend to wait and see how market behaves at the 1302/1307 region.Then Enter the LONG TERM TRADING. Otherwise I'll be posting Short-term signals in the whatsapp group.:love:


    So, as we already discussed above :rolleyes:...Gold attempted to break 1302/1307 key resistance level (neck line of the weekly head & shoulder pattern)but it seemed to me that bulls had temporarily gone out of steam by end of the trading week.I reckon that...Gold might have another sell off (short term downtrend) before it accelerate towards big numbers(up trend).Also we have to keep in mind that monthly setup is still favouring bearish trend :eek: .As long as we've got all the possibilities on the table..please approach your trading activities with caution !:love:
     

    DON999RU

    Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    Sea Of Red In Europe As Italy Risk Rocks Markets

    A deepening political crisis in Italy provoked a second day of heavy selling on European financial markets, with the euro cut to a 6-1/2 month low, stocks punished and short-term borrowing costs surging for the government in Rome.

    Italy’s FTSE MIB led losses across the continent, with the index down around 3%.

    Investors also fled Italian debt, as the 2-year bond yield soared by 172 percentage points to 2.42%, the biggest one-day rise since 1992.

    Italy's anti-establishment parties abandoned plans to form a coalition government after the country's president, Sergio Mattarella, refused to accept their euroskeptic candidate for economy minister.

    Mattarella then asked Carlo Cottarelli, a former International Monetary Fund official, to try to form a new government, with snap elections expected.

    Financial markets fear that the elections, which could take place as early as August, may become a de facto referendum on Italian membership of the currency bloc and the country's role in the European Union.

    That sparked the euro to slip below the $1.16 level for the first time since late 2017, while the gap between Italian and German 10-year bond yields - a measure of Italian risk - widened to its highest in over four years.

    Meanwhile, political uncertainty in Spain hit Madrid-traded stocks, as Prime Minister Mariano Rajoy’s struggle to stay in power raised fears of new elections.

    Source: Investing.com :Tuesday, May 29

    :rolleyes: According to this, European(Italian) crisis would have a direct impact on Euro(to go down) which behaves 80%-90% similar to GOLD , there by ...we cannot expect GOLD/USD to move upward upcoming weeks.So due to this political unrest Gold is getting more and more Bearish sentiment.Stay up-to-date with news if you are a serious trader. ;)

    Good Luck !
     
    Last edited:

    DON999RU

    Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    :yes: ########### Sell Signal ############ :yes:

    ******* Opportunity to gain some profit*****

    It seems to me that GOLD/USD market is ready for a 24H to 48H down trend starting from tonight.

    Target : 80 to 150 pips

    Good Luck ! :love:
     

    CyberKing

    Well-known member
  • Apr 12, 2015
    1,404
    270
    83
    :yes: ########### Sell Signal ############ :yes:

    ******* Opportunity to gain some profit*****

    It seems to me that GOLD/USD market is ready for a 24H to 48H down trend starting from tonight.

    Target : 80 to 150 pips

    Good Luck ! :love:

    Thaama sell wenna patan gaththe na neda, thawa poddak uda yayida
     

    DON999RU

    Active member
  • Feb 1, 2014
    125
    28
    28
    Colombo
    ########### Buy Signal ############

    *******Signal No.020618A*****

    Entered the trade @ 1293.007
    Target : 80 to 150 pips

    Good Luck !