Only charts

The news that warren buffet has joined the gold rush and turning some of the firm investment in Gold are giving a boost for the precious metal. Gold has fallen sharply last week after reaching all time high at 2060$ area. Gold found support at 1860$ area and reversed back up sharply to trade currently at 2000$ area again. I dont believe this reversal will last long , we will have some range trading between 1930$ and 2020$ area for a long while before breaking below 1860$.   This view is invalidate if gold breaks above 2020$ area.

gold , the precious recovered sharply from 1212$ area to trade currently at 1228$ , as recommended earlier , I advised buying xau/usd at 1218$ for target 1226$ . Now it is breaking a bearish trendline and is probably heading smoothly towards 1233$ . It is recommended to buy any dip  in gold and hold until it reaches 1250$ area.

Do you think gold has bottomed at 1196$ ?! definitely , and its first resistance area to break is the 1235$ . The rally from 1196$ to 1223$ at the time of writing is technical driven , however the catalyst was brexit deal news , cabinet support and ministers resignation. Would that rally vaporize anytime soon?! Nooo...big no , for real. Soon enough we will see 1250$ . dont get trapped shorting the precious metal before 1500$ is seen ... Be a friend to the trend if you wanna make some money trading gold in 2019.

Gold / the precious yellow metal made it clear on friday post NFP figures that it is targeting higher levels. Gold already broke the bearish weekly trendline and declined to test daily support/trendline at 1260$ and reversed sharply to 1285$ during the asian session. The precious metal might find some resistance in the area of 1295-1300$ before resuming the bullish move to 1550$ in medium term. I recommend going long at current 1275$ area with stop loss on daily close below 1260$ ...

Hi all ,  This is friday and it is better to leave your accounts clean without any open trades to start next week fresh. I have been buying gold this week anywhere near 1215-18$ and this is beacause of the chart below. You can see there is a daily trend in the make. The yellow metal has fallen almost 80$ since macron winning first round of french elections and there is a minor gap which might be filled in near future. SO I am bullish as long as we dont close below that trendline on a daily basis. On the 1h chart , there is also a trendline being made and you can go long anywhere in the area close to 1223$ . RSI is also showing a trending pattern and this is signaling a rebound to 1240$ as first target after tackling1232$... Feel free to contact me anytime.