Hello traders, Gold is really on a strong trend that every time it retests EMS, it got support and it rise up again. CPI later before Newyork session. Will price be pushed again after fluctuations with CPI? Please remember to check with your EMAS on this plan for new signal to open buy again. WILL SEE! GOOD LUCK ON THIS PLAN TO BUY. LESS IS MORE!
Hello traders, If you check news in the weekend, you should know what is happening in the Middle East. And that is also why usoil make a such jump in this Asia Monday morning. Now price has reached fibo 382, will the London session and Newyork session to push price up more to fibo 618? Lets see and make a plan on it. GOOD LUCK!! LESS IS MORE!
Hello traders, This Wed and Thurs will have US PPI AND CPI. Just trade with care before that. On this 4H chart, GOLD is pulling down for correction. But it is still on a bull trend on daily chart. And down to B position, it is where to look for a new entry signal to long again. Hopefully, will test FIBO 500, WEEKLY Resistance zone ON this chart. GOOD...
Hello traders, GOLD made a big move in the last 2 weeks. This is not good for weekly trend. Why? Let's check it on the right weekly chart first. In the new downtrend channel, price could pull back to retest the upper channel before new long leg down. Down to support 3, gold could make another $160 from 1880 to1620. Take a look at the 4H chart on the left. This...
Hello traders, USOIL made a strong leg down to SUPPORT 1 in my long vacation. What a strong bearish trend on both charts in this idea. Now what is the next plan for next week? Let's go through it step by step. First of all, let's review it on 4H chart. This new bearish trend start from 94.99, almost 95 on the last trading day of Sep. There was sign for that....
Hello traders, GOLD has reach the FIBO ext 2.27 POSITION of last wave A. This is a position only usually hit on a strong trend like this bearish trend for GOLD. This is a not a position to open sell for your own account safe. But you could try if you prefer to trade on a smaller timeframe chart. Now we are checking Fibo 382 position for BC wave to pull back...
Hello traders, See there are two pattens on this 4H USOIL chart. One is the RED ABC wave was expected down to break low of last week. The other one is the Cypher Pattern to drop from D position. None of these patterns really happened. USOIL just retest the low of last week and start to rise from there without any stop. Now it is sideways in a small range in...
Hello traders, USOIL seems hard to push for a new high before a correction. Check the weekly outlook, it is going to reach the low of last week. Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance. GOOD LUCK ON LOOKING FOR ENTRY TO SELL. LESS IS MORE!
Hello traders, The weekly trend line seems still hard to break through for gold. Now gold it turning to the easier way to move. The new ABC wave is the lower level ABC (GREEN) . And fibo ext 1.414-1.618 of the Red higher level ABC wave is the selling target zone. GOOD LUCK ! LESS IS MORE!
Hello traders, USOIL is still on a very strong bullish trend on weekly chart even though it finished a little bearish candlestick last week. This is the first bearish signal in last 4 weeks. But this may not be a signal for reversal. The red arrow is the plan for a weekly correction which it is not easy to say it would happen in a very high possibility. In...
Hello traders, Check out last weekly outlook of Gold first. Still, Gold is running beneath the weekly trend line but a small bullish body candlestick. It is saying that gold is still struggling in a small range. Down to the weekly support could help making a retest of the support level. And more possible for gold to break through the squeezing triangle to...
Hello traders, This is 1H chart for USOIL. It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend. Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top. Good luck on this selling plan. LESS IS MORE!
Hello traders, GOLD seems finishing its ABC wave correction from Wed's Fed rate decision. This ABC wave made a perfect position C on Fibo 1.414 of Wave A. Now gold is rising. Actually, it begins to rise since last NY session. Back to the big picture, remember that we are still expecting a rising trend for gold on weekly chart if gold could break through the...
Hello traders, For now, XAUUSD is making small range of sideways on 4H chart with all price action running above support level. On daily chart, we keep the idea that gold is on a bullish trend that will make a test of last high. Good luck on this buying plan. LESS IS MORE!
Hello traders, USOIL has been rising so long. And without any good news to push it up again, it could turn down for a correction. It has made a bearish daily candlestick on Monday. It has made up to FIbo 1.414 position of daily WAVE A. Now back for a correction, it could down to test FIBO 382-500-618. But should wait for B position to confirm on 4H right...
Hello traders, Quick review for gold's last week performance. The pressure weekly line seems going to be broken but still need more signals to check this week. The support seems valid for now. In our last weekly outlook, we were expecting 1886 to be retest again. But it did not. Only test higher position 1900-1902. So higher low appears and now it is good to...
Hello traders, USOIL is on a very strong uptrend on weekly chart now. Any opportunities to catch a lower price position to open long with reasonable sizes could make a great chance to profit. Last week we were expecting a correction before new high. That happen on last Thursday. This week, we should keep following bullish trend on USOIL with a potential...
Hello traders, Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday. But it gives us a clue that 1908 right now could be a short-term support. To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell This time will target recent daily lows as...