-
Gold - Gaining Bullish Momentum from a Price Bottom
Since the March and 2014-high near 1388, Gold (XAU/USD) has fell to 1240.50 in May, but has found support there.. So far in June, price has respected this 1240.50 low. The 1H chart shows xau/usd consolidating above 1240 for a few sessions. Last week, after the ECB announced its stimulus plans, gold rallied from this consolidation. We also saw price action test the price bottom, which traders treated as support. From purely price action perspective, gold looks like it is setting up for some short-term bullish attempt. In the 1H chart, the momentum is turning as well. The 1H RSI has tagged 70, and is holding above 40. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 9, 2014 1:59am Jun 9, 2014 1:59am
- Guest
- | IP XX.XXX.5.72
- Comment #2
- Quote
- Jun 9, 2014 2:27am Jun 9, 2014 2:27am
- The Fool
- Joined Apr 2009 | Status: Live and learn. | 1472 Comments
"If The Fool persists in his Folly he will become wise." - William Blake
- Comment #3
- Quote
- Jun 9, 2014 3:07am Jun 9, 2014 3:07am
- deepak925
- | Joined Aug 2011 | Status: CHINTU CAPITAL | 8 Comments
GBP/USD
- Comment #4
- Quote
- Jun 9, 2014 3:19am Jun 9, 2014 3:19am
- Guest
- | IP X.XXX.170.139
- Comment #5
- Quote
- Jun 9, 2014 5:05am Jun 9, 2014 5:05am
- Guest
- | IP XX.XXX.9.234
- Comment #6
- Quote
- Jun 9, 2014 5:55am Jun 9, 2014 5:55am
- Guest
- | IP XXX.XXX.231.249
- Comment #7
- Quote
- Jun 9, 2014 6:42am Jun 9, 2014 6:42am
- Guest
- | IP XXX.XX.147.218
- Comment #8
- Quote
- Jun 9, 2014 8:43am Jun 9, 2014 8:43am
- Guest
- | IP XXX.XXX.210.42
- Comment #9
- Quote
- Jun 9, 2014 10:43am Jun 9, 2014 10:43am
- ForexMinute
- | Commercial Member | Joined Oct 2012 | 182 Comments
- Comment #10
- Quote
- Jun 9, 2014 4:48pm Jun 9, 2014 4:48pm
- Ringkon
- | Joined Oct 2013 | Status: Member | 151 Comments
- Comment #11
- Quote
- Jun 9, 2014 5:55pm Jun 9, 2014 5:55pm
- Guest
- | IP XX.XXX.4.159
- Comment #12
- Quote
- Jun 10, 2014 12:53am Jun 10, 2014 12:53am
- acidguy
- | Joined Aug 2007 | Status: Trading make u smarter. | 99 Comments
- Comment #13
- Quote
- Jun 10, 2014 9:14am Jun 10, 2014 9:14am
- Ringkon
- | Joined Oct 2013 | Status: Member | 151 Comments
- Comment #14
- Quote
- Jun 10, 2014 9:23am Jun 10, 2014 9:23am
- upasna
- | Joined May 2011 | Status: Member | 801 Comments