ZAYN1001

ZAYN1001 Updated 

Good day risk takers, Gold has plummeted from a multi year high of 1550 in September 2019 to currently (12 November 2019) trade around 1450.00 so in just a span of 10 weeks we saw a 1000 pip move in a textbook style downtrend of lower lows on the daily and 4 Hour time frame. Zooming out on to the daily chart we can see an uptrend which began in 2015 in a channel...

ZAYN1001 Updated 

Good day risk takers, As we can see from the left of the daily chart for GOLD the yellow metal moves in a somewhat predictable fashion in that every time before a big move happens like anything beyond 200 pips there is that one candle stick at the beginning of that big move. I made boxes to show how this happens, the characteristics of the candle are that their...

ZAYN1001

Good day risk takers, The Market has been in an intermediate down trend since early April 2018, for the first two months of the downtrend it had a strong momentum. Market then started to run out of steam but slowly pushing down until entering an 11 month channel with occasional fake outs to trap sellers and buyers. In November 2018 Market tested support at...

ZAYN1001 Updated 

From the daily chart we can see the price is approaching the supply zone at 1250.00 from a textbook uptrend of higher highs since November 13th 2018, from the RSI we also see some form of divergence which even though its still premature to confirm it,if it fails to break above the 76.20 which is the high of the year will be confirmation of a reversal. A short...