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Analysis on #GOLD
I got a lot of messages and request to analyze
XAUUSD
today
let me start with a simple stupid plan which you must only use with a valid technical reason.
if the silver is up and gold still did not follow, then find a valid reason to go long gold as it is going to follow most of the times, find chart patterns, harmonic patterns, etc.
if the gold is up but silver is down then fade the move as gold will most likely reverse most of the time to follow silver.
must be aware that the gold market has been doing this crazy behavior for the couple months and you do not have to take my word for it go check it for yourself.
the crazy move is if the market is up before the US session opens, once the US opens they sell it hard and it goes down a lot almost all that it has moved before the US market opens.
My plan:
I have been successfully scalping the market for the past couple of days after it has been clear to me that the silver market is supported at this level and after the gold survived the rise in bond yields but am not commiting to big trades as the market could reveres on any economic news.
i am still scalping long-only till the market reach 1780, if the market goes to 1780 I will then stop.
if the market however breaks and closes above 1785 i will reenter the market because at that time I will have good reason the market will likely continue to 1790 and maybe 1800
Forever grateful for the time you spent here reading my analysis.
Check today's analysis below⠀
>>“ luck is when preparation meets opportunity."
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis on #GOLD
I got a lot of messages and request to analyze
XAUUSD
today let me start with a simple stupid plan which you must only use with a valid technical reason.
if the silver is up and gold still did not follow, then find a valid reason to go long gold as it is going to follow most of the times, find chart patterns, harmonic patterns, etc.
if the gold is up but silver is down then fade the move as gold will most likely reverse most of the time to follow silver.
must be aware that the gold market has been doing this crazy behavior for the couple months and you do not have to take my word for it go check it for yourself.
the crazy move is if the market is up before the US session opens, once the US opens they sell it hard and it goes down a lot almost all that it has moved before the US market opens.
My plan:
I have been successfully scalping the market for the past couple of days after it has been clear to me that the silver market is supported at this level and after the gold survived the rise in bond yields but am not commiting to big trades as the market could reveres on any economic news.
i am still scalping long-only till the market reach 1780, if the market goes to 1780 I will then stop.
if the market however breaks and closes above 1785 i will reenter the market because at that time I will have good reason the market will likely continue to 1790 and maybe 1800
Forever grateful for the time you spent here reading my analysis.
Check today's analysis below⠀
>>“ luck is when preparation meets opportunity."
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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