CesaroPelucci

CesaroPelucci

Hi guys, Crazy week in the precious metals market and the FED crashed the whole market into oblivion. Luckily we were on the right side this time as a bearish correction was more than likely, however I did not expect a move below 1800. We closed the week a couple dollars below the 61.8 fibo support line at 1768, so this is concerning (it might just be a SL-hunt...

CesaroPelucci

Hi guys, Another superbullish week with an excellent weekly close and gold looks in excellent form. We have the 7th straight green day in a row, with bull candles showing exhaustion near the weekly top Boilinger Band. This should be good enough for a 40-50 dollar retrace. This retrace is obviously a gift from the big guys for us little fish to catch the bull...

CesaroPelucci

Hey guys, All looking great in goldyland and we are well underway to my 1875 target I mentioned last week, it is within reaching distance. I can almost smell it. A fantastic weekly close 1833+ was needed to confirm 1875, and that is exactly what gold did, leaving us with a 'Three Inside Up' breakout pattern on the daily chart and a break of the Weekly 50 SMA....

CesaroPelucci

Hey guys, An absolutely beautiful bullish week in goldyland with an excellent close 1830+ (above the 61.8 weekly fibo level) and we settled the '1805-gap saga' finally after 3 long months. So what's next? The rip your face off-rally is here and it isn't going away for a while. I remain bullish on gold, and buying dips is the way to go as it seems we are heading...

CesaroPelucci

Hey guys, Bulls defending their breakout this week, with a reasonable weekly close 1771+ (0.236 weekly fibo support) and within the bull channel. This still can develop as a bearflag towards 1680, so bullish caution remains important. Goldbears are known for their sudden & strong moves (they reminded us on Friday). On the daily we see a nice impulse move to...

CesaroPelucci Updated 

Hi guys, an awesome week behind us and we hit our first 1785 bullish target with almost bulls-eye precision! This tastes like there is more juice after a great & convincing bullish close for gold on the weekly above the 23.6 fibo retracement (1771), and this should attract more bulls to the party. The H4 candles look strongly bullish since a long time and the...

CesaroPelucci

Hey guys, I trust you are in good health and enjoying your weekend with your loved ones. An interesting week we had and more interesting weeks ahead, with volatility growing each day as we head into spring 2021. This spring season is extra important, as most developed countries have been vaccinating their people and the expectation is that these economies can...

CesaroPelucci

Traders, gamblers and the rest of the financial market riffraff, I salute you. What an awesome week it was, raining pips all over the place in goldyland and we scooped it up and down like we have been working in a gelateria in one of the alleyways of Rome. The coming week will be decisive for gold as we have been stuck in this beautiful range for too long and...

CesaroPelucci

For Gold we have a textbook bullish Wolfe Wave with target 1751. Next re-entry would be around the H1 50 SMA which is now around 1713.

CesaroPelucci

Good evening from the tiny but great country of the Netherlands. I hope everyone had a great weekend and is ready for the coming tradingweek. It promises to be an awesome one. Looking at the price action of the previous week, I can not conclude otherwise that the bearwindow is closing rather rapidly. An overview of arguments for a bearish and bullish view: 🐻...

CesaroPelucci

Last Friday USDCAD showed a very nice bullish candle that started the journey to C$1.48 in Major Wave 5. Your entry points are the fibo retracements of this candle.

CesaroPelucci

Gold is doing exactly what it is meant to do and has been following the EW and Fibonacci rules on the dollar. There is one last bearish leg to 1645 and from there I will start buying this beauty towards 1780-1800.

CesaroPelucci

GBPUSD is showing a very nice shorting opportunity with targets $1.21500 & $1.20 in extension in the form of wave 5.

CesaroPelucci

Last week Major Wave C got initiated with minor wave 1&2 completed on Friday. Now there is nice shorting opportunity in the form of minor wave 3 for the DowJones (and other indices as they broadly move the same) for targets 22900 & 22300 in extension.

CesaroPelucci

A perfect retrace to the 0.886 fibo level for EURGBP which is not uncommon for a wave 2. The wave 5 pattern is forming and it needs to show more of its true colors (expect some more up & down in wave 2 & wave 4) but eventually we should see 0.897 & 0.90 in due time. This coincides with the H4 bearflag on GBPUSD & the COT data on Euro which is certainly bullish....

CesaroPelucci

The bearish signals for gold are piling up with a strong sell off on Thursday for equities, bullish DXY and a bearish daily divergence. I expect this to play out starting friday and the weekly to close as a pinbar or a red doji.

CesaroPelucci

Can´t believe we are lucky enough to get the bull juice for a discounted price. Gold is being very generous to us. I will buy every dollar below 1570 for 1750 & 1790 - SL 1545.

CesaroPelucci

We have a H4 bearish divergence on gold and I expect it to retest 1535 this week.