pepy Posted June 3, 2016 Share Posted June 3, 2016 Bullish engulfing pattern formed on gold one hour frame and it is clear that the price closed above middle band. RSI(14) is rising to level 45, while Stochastic (5,3,3) rise to level 64. Macd (12,26,9) also formed lower high. So, the bias of the price for this weekend will rise sharply. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 6, 2016 Author Share Posted June 6, 2016 Bullish engulfing pattern seen on gold's daily frame, indicated the price might be rise and break upper band. To make it sure, RSI (14) appears to rise to level 52. Stochastic (5,3,3) is ascending to 87 but moving near overbought line and Macd forms lowers high. So overall, gold has bigger chance for strong bullish. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 8, 2016 Author Share Posted June 8, 2016 In this 2 days gold don't make much movement and there aren't much other stimulus for the movement too. Even yesterday the price still Quiet but the price still hold its position above MA 100 and it seems gold still waiting for the right momentum. I predict the price of gold seems tend to strengthening with higher potency if able to close above trend cloud. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 9, 2016 Author Share Posted June 9, 2016 XAUDUSD or gold successfully rise and break resistance level at 12601 on daily chart after there is bearish engulfing pattern formed and confirmed, this rising movement also supported by RSI(14) which rose to 57, Stochastic rose to 57, and MACD just forms lowers high, with these indicators it seems the bias price is bullish and it may meets its resistance at 1270. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 13, 2016 Author Share Posted June 13, 2016 Gold hold its position above middle band on one hour time frame and continue the uptrend with double bottom pattern. Stoch and RSI observed to rise to 39 for Stoch and 58 for RSI. Macd (12,26,9) on the other hand forms highers high. With these signals it seems that bias is strong bullish and the price may passing through 1277 or even up to 1280. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 20, 2016 Author Share Posted June 20, 2016 On one hour time frame gold price observed to strengthened after corrected last weekend but this morning the price corrected itself once again. Technically EMA25 and KDJ are marking the bullish sentiment on this chart with support from RSI which fall to near oversold. I predict this commodity may back to the bullish way. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 9, 2016 Author Share Posted July 9, 2016 Bearish engulfing pattern formed on Gold H4 chart leaving the price to break down middle band and closed below of that middle band. Stochastic and RSI(14) seen fall down below to around 37 and 52 respectively while MACD formed a higher low position, at the current condition it seems there is strong bias that the price may descend further to 1322. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 15, 2016 Author Share Posted July 15, 2016 Gold price turning around and and break the former pivot point at 1333 which now is resistance for this commodity, this also indicated before with bearish engulfing formation candle which formed on H4 chart and H1 chart. Other indicators indicated bearish sentiment where: Stochastic (5,3,3) fall to 55. RSI (14) fall to 37. Macd (12,26,9) forms lowers low. The bias for this pair is strong with the support for this bearish sentiment is at around 1320. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 22, 2016 Author Share Posted July 22, 2016 Well, based on the daily chart it looks like gold is experiencing a strong bullish enough yesterday with bullish pattern formed yesterday, so this could be the beginning for the return of gold to the bullish track, but I would be more convinced if the price is able to rise above the MA line 21 back since that become the resistance point at the moment. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 2, 2016 Author Share Posted August 2, 2016 Gold on 1 hour time frame is moving up still even near the end of Tokyo session, but this bullish trend maybe just limited trend because KDJ indicated the price is moving near overbought zone. MACD is still good with higher highs. With the price is nearing MA at the same time then it may have potential to break it and rise up to 1352.66 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 8, 2016 Author Share Posted August 8, 2016 Gold on daily chart successfully formed bearish engulfing pattern following by one single bearish candle. The price also break middle band and closed below. RSI (14) fall to around level 47. Stochastic (5,3,3) falls to around level 33 and Macd (12,26,9) forms higher low. This means the price bias is strong bearish. The support for this pair is located at 1327. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 9, 2016 Author Share Posted August 9, 2016 Morning star doji formed on xau/usd's daily time frame, after that the price rose back above the middle band. Indicated more bullish pressure. Other indicators such as RSI (14) rise up to around level 51, Stochastic (5,3,3) intersect and rise to around 11 while Macd (12,26,9) formed higher high. The bias is bullish with the price may meet resistance at level 1345. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 12, 2016 Author Share Posted August 12, 2016 Bullish engulfing candlestick pattern was formed on the gold in 1 hour time frame. Macd (12,26,9) made higher high and price is moving above EMA25 plus that RSI (14) observed to rise up to level 63 and Stochastic (5,3,3) up to around level 83. Bias is bullish and the rice will rise towards resistance at 1358. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 17, 2016 Author Share Posted August 17, 2016 Three inside down pattern formed on XAU's H1 time frame chart. Price successfully penetrate the middle band and closed below. Other indicators show bearish signal.RSI (14) observed to fall down to level 51. Stochastic (5,3,3) also fall down to level 11. Macd (12,26,9) formed higher low. Bias is bearish and it seems the price will descend up to the lower band line at 1340. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 18, 2016 Author Share Posted August 18, 2016 Condition current price is above the daily pivot point line with the price before formed bullish engulfing pattern on H1 chart. Other indicators gives bullish signal with RSI (14) rises to a level 59. While the Stochastic(5,3,3) rise to level 70 while Macd(12,26,9) formed lower high formation. Predictions for the moment, Gold will get bullish sentiment and price for Gold may reach it at 1335.56. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2016 Author Share Posted August 22, 2016 Inverted hammer formed on 30 minutes chart of Gold, before the price also suffered from the gap. The correction is happening now and RSI(14) seen rise to level 66 while Stoch make a breakthrough to level 85 and into overbought zone. MACD formed higher highs. Bias is limited bearish before getting correction once again to bullish. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 23, 2016 Author Share Posted August 23, 2016 Bearish engulfing pattern seen at XAUUSD(gold) H1 frame chart, the price is under bullish sentiment and price break EMA20 now. RSI(14) is clearly rise to 61 while Stochastic (5,3,3) rise to level 32 and MACD(12,29,6) formed lower high formation. The bias is bullish and the price can touch 1344.70 . Quote Link to comment Share on other sites More sharing options...
pepy Posted August 25, 2016 Author Share Posted August 25, 2016 3 black crows formed here and i don't think the price may rise more than that now. There is possibility for correction but as other indicator stated it seems won't happen so much. Stochastic is in near overbought position so it is safe to say there will be reversal by this indicator, while RSI doesn't have much movement. MACD on the other hand is higher low now. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 26, 2016 Author Share Posted August 26, 2016 Middle band on 1 hour time frame broken of Gold commodity by the bearish candle, also right now all indicators formed bearish stance. Macd(12,26,9) formed lower high, RSI(14) as we can see pointing towards lower level and fell to 45 before. Stochastic (5,3,3) also fell to 44. Up to the ending i think this pair may fall at most to the first support level at 1317.75 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2016 Author Share Posted August 29, 2016 Gold on 1 hour time frame failed to press down and break the first support level, followed by bullish candle which broke EMA20. RSI14 observed to rose at around level 47, Stochastic(5,3,3) rose to level 67, MACD formed higher low. The bias is limited bullish and next target at 1322.50 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 30, 2016 Author Share Posted August 30, 2016 The price of Gold just broke the EMA 20 and the middle band line also closed below. not to mention there is hammer spotted there increasing the chance for this pair to fall deeper. RSI (14) and Stochastic (5, 3, 3) fell both to around level 42 and level 23, MACD formed lower high and the prediction is bearish with the price may fall towards 1317.18 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 31, 2016 Author Share Posted August 31, 2016 Gold on this 1 hour time frame observed to rise with the evening star formed below pivot and the price is now rising. RSI(14) spotted rise to higher level at 45, while Stochastic (5,3,3) spotted rise to level 50. MACD formed higher low. The bias for now is bullish and the next target is at 1315.50 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Author Share Posted September 1, 2016 Gold based on 30 minutes time frame chart under bearish trend after hanging man spotted there, following the break out of middle band. RSI (14) and Stochastic(5,3,3) observe fall to around level 33 and around level 49 respectively. For now i think the bias is bearish with target is at 1303.76 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 2, 2016 Author Share Posted September 2, 2016 Gold based on 1 hour time frame observed the price to be bearish with the bearish engulfing pattern formed and where the price able to break the lower band. RSI (14) seems fall to around 53 . While Stochastic(5,3,3) observed to fall at around level 18. Prediction for the pair above is bearish. So i will go for SELL. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 9, 2016 Author Share Posted September 9, 2016 Big black candle found on XAU one hour chart, it seems this comodity under bearish sentiment, considering that RSI(14) fell to level 41, while Stochastic (5,3,3) fell to around level 35. I must admit also MACD formed higher low, so there might be some correction first but overall it is bearish trend. Quote Link to comment Share on other sites More sharing options...
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