pepy Posted November 5, 2016 Author Share Posted November 5, 2016 Gold show the price has big potential to grow up after failed to break EMA72 and right now the price is above EMA100 and EMA72 itself. The opening price is also above pivot indicated for further bullish sentiment. RSI and Stochastic both observed to be bullish with rise to level 54 and 80 respectively, and Macd(12,26,9) which is forms lower high. So based on that this pair expected to be bullish with resistance at 1310.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 8, 2016 Author Share Posted November 8, 2016 Gold on 4 hour chart made a gravestone doji followed by bearish candlestick. This one indicated that reversal is happening and the price is under bearish sentiment. Leading indicators which are RSI and Stochastic seems to fall around 39 and 77. On the other side MACD formed lower high with Parabolic SAR is moving above the price. So this commodity expected to weakening at 1274.15 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 12, 2016 Author Share Posted November 12, 2016 Gold analytical on 1 hour time frame chart show that the price still weak conitune this week's weakening trend, this indicated by EMA50 and EMA100 which is below the current price, pivot also above the price now. RSI and Stoch has different reaction. RSI rise to 38 while Stoch fall to 50. MACD formed lower low on red zone. Based on that this pair is expected to fall down around 1250.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 14, 2016 Author Share Posted November 14, 2016 Bearish engulfing pattern spotted on H1 chart of Gold also with the rejection by the lower band this pair still closed below the lower band. This means bearish sentiment is dominating the market, this also supported by 3 indicators. RSI and Stochastic as usual both fall down to 33 and 28 respectively and Parabolic SAR is moving above the current price. So the target is supposed to be next support at 1211.15 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 25, 2016 Author Share Posted November 25, 2016 Rejection by the first resistance level and also gravestone doji makes a strong impression for bearish dominated scene for Gold based on 1 hour time frame chart. The price may keep falling and fall to 1175.00. Stochastic(5,3,3) on the other hand is rise to 29 but RSI seems fall towards 40 and MACD formed lower low. Considering the current trend this pair may fall to the first support at 1180.90 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 29, 2016 Author Share Posted November 29, 2016 Bullish engulfing pattern on H4 chart spotted and not jsut that there seems rejection from the support here before the price able to break EMA100 and the middle band. RSI and Stochastic also supportive in this case, both rise towards 45 and 58 respectively signalling bullish. Parabolic seems to be about to break so overall this pair may rise towards 1196.70 today. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 12, 2016 Author Share Posted December 12, 2016 Based on 1 hour time frame chart, it seems that Gold failed to break the lower band instead rejected and closed below. Another thing is Parabolic SAR status right now is strongly bearish now and RSI(14) seems fall to level 25 also supported by Stochastic(5,3,3) which fall to level 22. If price can break 1st support at 1156.43, will fall further to around 1153.75 Quote Link to comment Share on other sites More sharing options...
pepy Posted December 19, 2016 Author Share Posted December 19, 2016 Gold based on 1 hour time frame chart rose slightly on a bullish channel today. The price seems to rise up to around the resistance at 1141.41 and may continue to rise higher. MACD is forming higher high while Parabolic SAR is moving above the price and RSI rise to level 56 but Stoch fall to level 33. In mid term, this pair may fall to the pivot if failed to do that at 1133.62 Quote Link to comment Share on other sites More sharing options...
pepy Posted January 5, 2017 Author Share Posted January 5, 2017 Based on H1 chart it seems that strengthening Gold today started since the opening of the market. Now the price is already below the second resistance level at 1174.01 and trying to break it. This sentiment seems to be supported by RSI, Stochastic, and Parabolic SAR but MACD is not. Prices likely to continue to rise to 1178.70 Quote Link to comment Share on other sites More sharing options...
pepy Posted January 14, 2017 Author Share Posted January 14, 2017 Gold based on 30M chart in this session still try to rise and getting closer to the pivot line at 1197.46, if the price able to rise above pivot line and closed there, the price will rise higher or at around 1204.43 since it is also supported by RSI and Stochastic, even it seems that MACD is bearish and only PSAR which is moving above the candle. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 13, 2017 Author Share Posted February 13, 2017 Based on 1 hour time frame chart it seems that the mapping patterns show Gold is under bullish sentiment from now own. The price is also still inside the bullish channel and considering that RSI also MACD and Parabolic SAR which are bullish, leaving only Stochastich under bearish signal. By the current condition it seems that for the next session gold still under bullish sentiment. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 15, 2017 Author Share Posted February 15, 2017 Gold in this chart seems to be fine enough, the trend is clear especially with bearish engulfing pattern which break the pivot down and the price closed below too. RSI and Stochastic both fall down towards level 40 and level 37 respectively. MACD formed lower low, and Parabolic SAR is moving above the candle. So, the prediction is bearish with the support at 1219.11 Quote Link to comment Share on other sites More sharing options...
pepy Posted February 22, 2017 Author Share Posted February 22, 2017 Gold still don't have much significant movement and the price "play around" at 1236.00 or a bit lower. There is possibility that Gold may tend to move flat on the range between 1232.00 and 1240.00. There is no dominant trend at the moment for Gold, even on daily time frame chart this commodity is the same, tend to be flat. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 22, 2017 Author Share Posted June 22, 2017 Since this pair able to break the pivot level today and also the first resistance then i can see that Gold may have few correction in future but with bullish overall reaction. RSI up to now still on bullish state and so do Stochastic. While MACD still a bit flat leaving uncertainty. I can see this commodity may rise up to around 1254.90 Quote Link to comment Share on other sites More sharing options...
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