Forecast:
A possible Bullish Ending Diagonal completion this week. Which means price action can drop a bit lower before bulls take over and push price higher. But, if bond selling continues then gold will drop also. Have that in mind. I'll update throughout the week as always. Trade safe.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / EFT's A-z, $DXY and US10/30Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: Nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
A possible Bullish Ending Diagonal completion this week. Which means price action can drop a bit lower before bulls take over and push price higher. But, if bond selling continues then gold will drop also. Have that in mind. I'll update throughout the week as always. Trade safe.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / EFT's A-z, $DXY and US10/30Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: Nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
Comment:
Update!
In previous update I pinpointed my downside targets @ ~1681 ~1677 and ~1671 before a bullish reversal. Price action made a open low @ ~1676 before closing @ ~1677 and then turning. Asia session took over where US session left off and pushed price action higher, giving London session traders a easy morning jumping on a already started trend. At current levels a counter-trend correction is not unlikely - targets ~1703, ~1698 or ~1694 before new bullish momentum pick's up again. My upside target @ ~1740 is still valid for this week. Trade safe!
In previous update I pinpointed my downside targets @ ~1681 ~1677 and ~1671 before a bullish reversal. Price action made a open low @ ~1676 before closing @ ~1677 and then turning. Asia session took over where US session left off and pushed price action higher, giving London session traders a easy morning jumping on a already started trend. At current levels a counter-trend correction is not unlikely - targets ~1703, ~1698 or ~1694 before new bullish momentum pick's up again. My upside target @ ~1740 is still valid for this week. Trade safe!
Comment:
Update!
As I said in previous update - I still had my eyes on ~1740 level valid... price action hit ~1739ish and reversed.
What now? a deserved pull back perhaps, if not! bullish strength is continuing.
Pull back target's - fib, level in the blue box.
Trade safe!
As I said in previous update - I still had my eyes on ~1740 level valid... price action hit ~1739ish and reversed.
What now? a deserved pull back perhaps, if not! bullish strength is continuing.
Pull back target's - fib, level in the blue box.
Trade safe!
Comment:
Update!
If you find my weekly forecast useful leave a like.
Price action corrected yesterday's bullish trend down to ~1699 open low before closing @ ~1701 and reversed. A $63 dollar move is always follow by a pull back before continuing. But we'll see what market sentiment next week brings.
I still have fib, 50% @ ~1746 and fib, 0.618% @ ~1762 next week/11.
Trade safe.Have a great weekend.
If you find my weekly forecast useful leave a like.
Price action corrected yesterday's bullish trend down to ~1699 open low before closing @ ~1701 and reversed. A $63 dollar move is always follow by a pull back before continuing. But we'll see what market sentiment next week brings.
I still have fib, 50% @ ~1746 and fib, 0.618% @ ~1762 next week/11.
Trade safe.Have a great weekend.
Overnight price action took out ~1709 and 1714 I had targeted. London session this morning - sellers had upper hand, broke the low, before bulls took charge and pushed price a bit higher. (only a bullish Counter trend/ pull back)
US session is getting ready to open, we'll see what sentiment the intraday traders will give us.
I still have my downside targets mentioned in the video valid. (Pink-lines)
Trade safe!