GOLD FUT-DAILY – CONSTRUCTIVE MOVE … by Ironman8848 on TradingView.com


Currently caught between the KIJUN-SEN @ 1’914 in SUPPORT and the TENKAN-SEN @ 1’943 in RESISTANCE !

A WEEKLY CLOSING ABOVE 1’940.50 would confirm a PIERCING LINE pattern or even better above the former high @ 1’959.80 of the previous weekly candle which if it was the case would even be better bullish as it will trigger a BULLISH ENGULFING PATTERN.

On the DOWNSIDE , a weekly closing below 1’914 should be seen as the first warning negative signal calling for lower levels (see daily comments)


Ongoing sideways price action between 1’900 and 1965, testing currently the first resistance (Mid Bollinger Band ) @ 1’945.00

Levels to watch on a DAILY CLOSING BASIS are the following :

UPSIDE. : 1’945
DOWNSIDE : 1’914


UPSIDE : 1965 ahead of 1’983 – daily closing above 1’983 would put the focus to former highs

DOWNSIDE : Daily clouds 1’896-1864

RSI slightly above 50 @ 52.82

LAGGING LINE far above the daily clouds and above both KIJUN-SEN and TENKAN-SEN

As usual monitor and watch closely price action on intraday shorter time frame to get intermediate clues which will help you to validate or invalidate the implications of the scenarios mentioned in longer time frames (daily and weekly).

IRONMAN8848 – Jean-Pierre Burki


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All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

Toutes les opinions exprimées dans mes analyses sont les miennes et ne représentent pas les opinions d’une entité, quelle qu’elle soit, avec laquelle j’ai été, je suis ou je serai affilié. Toute action que vous entreprenez sur la base des informations contenues dans ces analyses est strictement à vos propres risques et ne doit pas être considérée comme un conseil. L’auteur n’assume aucune responsabilité pour toute erreur ou omission dans le contenu de ses analyses. Les informations contenues sont fournies “en l’état”, sans garantie d’exhaustivité, d’exactitude, d’utilité ou d’opportunité et sans aucune garantie de quelque nature que ce soit, expresse ou implicite.