SteadyFund

SteadyFund

Gold did fall from 2323-2330 and it found a strong support at 2283-2290. Overall trend is bullish but there is a high chance it will spike down and touch 2073 then reverse. Today's strategy is to sell from 2323-2330 zone and buy from 2283-2290 zone, depending on which touches first and the price action at these zones. Be reminded that today is NFP. Market will...

SteadyFund

Gold still bearish in medium term. Short from current 2323-2330 level. First target is 2300 and ultimate target is 2270.

SteadyFund

Gold has broken daily support at 2292-2295 and closed below. Selling is the main idea today. Will look for selling opportunities from 2307 and toward 2272.

SteadyFund

Gold didn't break 2328-2333 support yesterday. Ideally I was expecting it tests 2360 and goes down. However, Gold may directly go down from current price today, as today is the last day of the month and a lot of profit taking will take place. We should sell if the 4hourly trend line is broken or from 2360 zone. Patience is the key!

SteadyFund

Main strategy is selling today. If Gold breaks 2328-2333 support, looking for retracement for selling opportunities. If Gold goes up to 2352-2364 zone, sell directly. Patience is the key.

SteadyFund

Not as expected, Gold didn't retest 2400 zone but went straight down. This is a lesson learned to control risk and have patience. There is always trading opportunities. No need to rush into a trade. Forcast next week: Gold should first go up to 2364 then to 2290. Happy weekend and Have a balanced life.

SteadyFund

Technically Gold is still stuck in 2313-2333 range. Daily perspective, it's still bearish. I will not go long from here. Today's main strategy is still sell.

SteadyFund

Gold didn't break 2325 yesterday and form a red daily candle. This is a sign of bearish continuation. I will only short today. Expecting from 2325 zone and targeting 2300.

SteadyFund

After water fall, Gold should retrace at least to 2354 level. Daily candle didn't break 2305 yesterday, indicating retracement is coming. We should have couple of days bulls running before short opportunity appears. Today we will try to buy from 2310-2315.

SteadyFund

Gold didn't provide a spike again at the beginning of this week but delivered a waterfall. In regards of the weekly channel, Gold should not fall below 2325, which will be monitored closely. If broken, should go all the way to 2250. If not, it will retrace to 2355-2365. Watch out for the signals in lower timeframe.

SteadyFund

As illustrated in the chart, I am expecting Gold to rise to 2400-2410 and then fall again at least to 2380. After the conflict in middle east, Gold should come to normal trading behaviours now.

SteadyFund

In my opinion, Gold is now in its 5th wave. Within this 5th wave, there are 5 waves and current in its 5th wave as well. Gold is going to reverse into temporary correction and should correct until 2305. Afterward, it will rebound to at least 2430 and close May in slightly green candle. Then Gold will engage several months of correction toward 2135.8. From...

SteadyFund

Gold can do anything right now. I am not trading breakout. There are a lot of stop loss hunters. I will keep close at those two tread lines. Engage trades when not broken.

SteadyFund

All structure lines have been broken. Sell from 2375 region. Targeting 2329

SteadyFund

Beware of the triple top formation for Silver. It's possible Gold will have a huge drop today. But in regards of current war tension, it's better to trade in range today. Buy: 2365 Sell: 2398 Do not hold trade overnight. Market is not normal these days.

SteadyFund

Gold has survived 2325 support and closed with strong daily bullish candle. And it also broke 2365 resistance. Looking at lower timeframe. Gold should retrace to bullish trend line which is from 2355-2365 level. Then we can buy from there. Will only engage buying order today. Reminder to all and myself: Patience is the key! There is always chance in...

SteadyFund

From Monthly comparison with 2008-2010 period, they have similar structures. Gold should close this month with positive candle and follow by a negative one next month. Then it will retest previous resistance turning into support. Weekly comparison, we should see a red candle in the coming week. But there is another possibility in consideration of current...

SteadyFund

Bulls took over again yesterday. They have no sign of slowing down. Today's strategy is still buying. Expecting another ATH today. But I will wait until 2352 pivot point get touched. Remember today is Friday. Market will fluctuate a lot.