In my opinion, Monday trading really good practice, take a look at the fib lvl, we got 4 good spots to trade for 1. 1550 2. 1538 3. 1516 4. 1508 and all of it far away from the nearest spot we targetting for which is 1538 and 1516, it's safe to assume we could wait for the break out and forming a new trend line from it so here is my action on Monday 1. I will be...
From the chart, there has been an increase in gold in a close-knit candlestick pattern, with it increasing value. This has caused a bearish flag to arise. This is recognised due to: 1. quick increase to reach the basis of the flag. 2. once it was reached began forming an upwards flag shape with close-knit candlestick high/ low closes. 3. once the flag lines...
In this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk. I recommend to use Historical levels or Breakpoint of the trend: - Most of the retail traders set stop Losses below or above such key levels. - Stop Losses of retail traders is a Fuel for Big...
A major mistake traders make is to assume that in order to be profitable you need to use so many tools and it's in fact the opposite. Let's start off with basic support resistance. We know the market moves up, down and side ways. But it never moves straight up or down. As it moves up or down it will meet levels of support and resistance. It's important you...
This is the end of July and #GOLD can start the next month with a bull mommentum, the last week the price slow down but this week we have non-farm payroll so we can expect volatility. Enjoy the video and let me know your thoughts about #GOLD.
How the US10YR and Gold correlate against each other..
Gold, denominated in Chinese yuan (CNY) has really made the grade. 10,000 yuan per ounce looks like firm resistance; so suggestion is the price has to be juiced into some lower floors.
XAUUSD 4H chart sees a price consolidation and the current action seems to lean towards bullishness. Is this a fake movement for sellers to sell at better prices or will it be a real breakout?
In this video we analise the Monthly. Weekly and Daily chart for the week ahead. Enjoy the video and good week for everubody.
Silver and Gold - An example of Correlation and Divergence In this educational post, we discuss the correlation and divergence between Silver and Gold
Hello Fellow Traders, Here we would like to talk about Trendlines and how they can be used along with Horizontal support to find great entry points , both for short term scalping and swing trades , We all know about trendlines yet traders don't use it to the full potential which this tool can provide , In this article we will be talking about Trendline...
This is a classic change of market stages - after an impulse down there is a deep corrective pullback. The Bear Flag pattern is in the making. Another drop to follow once the price breaks below the pattern.
In the chart above, we have a bullish pin bar that formed on the USDJPY weekly chart. .This pin bar formed at a previous resistance level, which is now acting as support. This price action signal tells us that the market is likely to see higher ground in the weeks ahead. "BUT" instead of trading the weekly time frame, we can move to the daily chart and watch...
Long term Bullish trend however a possible correction down to the 50% before climbing to 1324+-.
Gold Bulls in control of this trade above the 200MA passing the 38.2% fibo, with a view now of pushing towards $1,313 the 50% Level $XAUUSD. Where do you think this is going to move?
Saw this support & resistance, As you may know the market sentiment around GOLD is bullish. However before I decide to step in I can see this playing out before upside targets.