Or / Dollar Américain
Long
Mis à jour

Gold break the resistance? add to watch list

Gold reach the ~ 1350, which is the major resistance in the latest years. I'm watching closely for the potential beak, and take in to consider the macro economy, lower interest ratio is the trend for latest future.

Let's see if break & hold above 1350 can be realize or not. take action accordingly.
Transaction en cours
A higher low ~ 1330 seems formed, hope it can be hold, and then upside movement channel is expected, final try to break the previous high.

second scenario is bounce ~ 1320, possible to form the H&S pattern, let's see which one will happen.

snapshot
Transaction en cours
move just as our expected, next is try to break up ~1360 again, let's see if succeed. if it done, will be a exciting moment!

snapshot
Transaction en cours
snapshot

A uptrend triangle is possible to form, we may see the final battle ~ 1360 soon.
Transaction en cours
good move, hope it can hold ~ 1360
snapshot
Transaction en cours
Great move! As long as hold above ~ 1360, the break out is high possibility to happen, and we have the second support line in below.

snapshot
Transaction en cours
Gold bull continue, long on the way.

snapshot
Transaction en cours
Very good setup for longs, what's our target? the first target should be H&S target ~ 1700, depends on the policy in the 2nd half of 2019, my second target is ~ 2000.

snapshot

Only message we should take into consideration for our long desicion is the macro economy stratege from USA.
Transaction en cours
As long as hold above 1404, we may see the correction end soon.
snapshot
Transaction en cours
Can 1400 support hold?

snapshot
Note
good to see bounch from 1400
Transaction en cours
snapshot

Find support in the uptrend channel, next, keep an eye closely to the resistance line ~ 1440.
Transaction en cours
snapshot
Transaction en cours
Still on our path:
snapshot
Transaction en cours
Third time test the resistance ~ 1440? I think it's time to breakout!

snapshot
Transaction en cours
consolidation in triangle, direction choose is near.
snapshot
Transaction en cours
direction has been chosen.
snapshot

Clause de non-responsabilité