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Post by Mr Oakmont on Aug 16, 2016 15:07:39 GMT -8
Nice little triangle formation on the daily XAU/USD happening. With gold prices going high and no indications at this time of a reversal soon we're hoping for a bullish breakout. If a bullish breakout happens we'll be expecting it to hit around 1360.0 before any further action is taken. Keep your eyes peeled!  |
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Post by redpig on Aug 16, 2016 23:38:55 GMT -8
Yea, I'm watching that... Aiming for 1500...
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koozi
New Member
Posts: 7 
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Post by koozi on Aug 27, 2016 13:41:07 GMT -8
Yellen the chairman of federal reserve U.S announced an interest rate spike as early as next week, this could hurt the gold price for the US... stronger U.S dollar means a weaker gold value.
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Post by Mr Oakmont on Aug 27, 2016 18:18:10 GMT -8
For now I'm expecting a raise in this pair to around 19.281 at elast
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Post by Genioustrader on Aug 28, 2016 22:09:27 GMT -8
Interesting. I'm very much expecting Gold to keep on raising, we're only in a minor pull back at the moment. I trade on weekly and monthly charts, i prefer the bigger picture.
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Post by Traderlady on Aug 29, 2016 13:14:18 GMT -8
Nice looking Genious but for the short term as Koozi has said if U.S interest rates go up this could effect the price of Gold and send it back down before it goes back up
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Post by Mr Oakmont on Sept 2, 2016 21:54:40 GMT -8
4hr Chart with Fibo I'm confident on selling gold when it hits the 38.2 mark again. It smashed through my 50 line and continued down  |
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