GOLD: CANDLES SPEAK: 16.03.2021

Today gold futures closed a few pips above the daily 20 EMA line, reaching the next target in the list posted yesterday. https://investingangles.com/2021/03/15/gold-candles-speak-15-03-2021/ Even though the stock closed with a rather undecisive doji candle, I view the closure above 20 EMA as a significant achievement in cementing the bottom. Forecast I am expecting the slowContinue reading “GOLD: CANDLES SPEAK: 16.03.2021”

GOLD: CANDLES SPEAK: 15.03.2021

I love it when a stock follows the path that was determined by candlesticks. In my weekly update I mentioned that “There is a high chance of a continued slow advance. The first positive sign would be a closure above the daily 20 EMA line.”https://investingangles.com/2021/03/14/gold-weekly-14-03-2021/ Today’s green candle was the 5th in a row toContinue reading “GOLD: CANDLES SPEAK: 15.03.2021”

GOLD: Weekly: 14.03.2021

This week closed with the optimistic tone. Following one of the possible scenarios that I outlined few days ago, the weekly candles produced a Bullish Harami combo. This is a bullish reversal sign, however, it is considered not as strong as a Bullish Engulfing. Still, the odds flipped to the bulls side. Let’s discuss theContinue reading “GOLD: Weekly: 14.03.2021”

GOLD: CANDLES SPEAK: 13.03.2021

There was a very interesting battle on Friday. The bears were trying hard to ensure that the downfall continues. However, by the end of the day the bulls managed to close just 2 pips above the daily 8 EMA line. Just 2 pips! The daily candle looks like a Dragonfly Doji that comes with theContinue reading “GOLD: CANDLES SPEAK: 13.03.2021”

GOLD: CANDLES SPEAK: 11.03.2021

Today’s closure instills optimism. Two days in a row the daily candles closed above the daily 8 EMA and I view this as a very positive sign at the beginning of the last trading day this week. The stock has a good chance to close the week above 1732.80, above 20 EMA, to form aContinue reading “GOLD: CANDLES SPEAK: 11.03.2021”

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