Gold, XAUUSD: Trade Setup and Levels

Check July Performance and all Active Positions here. Gold has entered into a corrective wave which is expected to retrace from 38% up to 61.8% of the entire 2016 rally. It topped on July 11 and the action so far has been complex, dominated by bearish bias. However on...

Gold: Not Time Yet – Still Bullish!

Gold has been trading very difficult these last trading days by erasing all gains in a very complicated wave structure. We have been writing that Gold is trading in an Ending-Diagonal wave structure in all our latest articles. In our last article, Gold: Long Signal,...

Gold: Long Signal, Target New High

Prerequisite Reading: Gold: $1350-$1400 in Less than 4 Weeks? These day’s price action in XAUUSD has confirmed our previous gold analysis. The 4th wave of this ED respected the lower bound of the channel and what we are experiencing now is an immediate recovery,...

Gold: $1350-$1400 in Less than 4 Weeks?

Yes, that is what our channeling method suggests. XAUUSD Daily Chart – May 1, 2016 (Close of April 29, 2016) In this daily chart, we have 5 moves up off the low and Gold is currently trading in the red wave iii of the blue wave (5) of the intermediary i.  We...

XAUUSD: Too Much Going on Today, Stay Away!

Pre-Requisite Reading: GLD, The Bullish Case for Gold We are currently positioned short in XAUUSD from 1259.4 level, however this pair did not react the way we would have preferred around 1233.00 level. A strong bearish confirmation would have been the breach of the...

XAUUSD: Short Setup In the Money (Medium Term)

Pre-Requisite Reading: GLD, The Bullish Case for Gold On our yesterday’s post regarding a possible short setup on the yellow metal, keeping in mind the long term overview of XAUUSD, we were expecting the upper line of the triangle to be respected. Volatility...

GLD: The Bullish Case for Gold

What we have seen for the past months in the metals market has been increased volatility mainly caused by the diverging monetary policies of different central banks. While this fact has boosted the yellow metal, post March 11 price action has not revealed much as Gold...
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