On Monday and extending through the week, there's a discernible bullish momentum. The key area of interest lies in the supply zone between 1930-1950. There are two plausible scenarios to anticipate:
The market could experience an immediate surge, surpassing the supply zone ranging from 1930-1950 without significant resistance.
Alternatively, we could observe a...
In the early trading, we bought at 1918 and took profit at 1929!
Now:
If there is pressure near 1930, you can sell, stop loss at 1935, target 1915; if 1915 stabilizes, it will be bullish. If it breaks, pay attention to the 1910 support below before making plans.
Good to see gold is following us
Hope this Analysis will help you guys to plan your trades
I see an Order Block area in Weekly Time frame and sooner or later it will be fulfilled
This area would be a good long area for those who missed last rally of gold.
Cheers
DYOR
This week was a major chopfest and I hope nobody got blended.
We failed to take out the previous weekly low at the start of the week which meant I needed price to trade higher into a premium market to then allow central banks to reverse and go short from.
The target I sent on Sunday of 1890 hit perfectly on Thursday and immediately ran to the overall weekly...
11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80...
NASDAQ:ABNB I has been consolidating in a large range from around 174-214. It tapped the 173.50 support a couple of times last week and may be looking to reverse and head back up to to the upper end of the channel. The confirmation would be the hold of the support while also breaking through the trend line(green), this would also serve as your safe entry. First...
NASDAQ:NVDA Take a look at NVDA on the Daily timeframe. It had a nice consolidation at the top, that looks a lot like distribution. It had a failed rally and then started to come down and test support and then another rally, this time on lower volume which is where we are right now. I failure to hold support in the 475 range could be the break needed for the mark...
major weakness in dollar + weary US election uncertainty (runoff guaranteed)
forming higher lows and failing to drop under major support 1840 (triple bottom here)
next 2 weeks can be shaky
bottom wick could form at 1898-92 upon market open*
1940-1970 demand zone to drive price higher
looking to close above 1908 on MONDAY 10/27/2020
******ALWAYS...
I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend.
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
As this...
Struggling dollar vs safe haven. Gold standard to come
**May test 1898.3* if test 1895 then blown trade.
(can consolidate at 1920 to gain fuel for rocket)
Early 4th qtr test
Gold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion :
Sell Limit at $2,029
Stop Loss at $2,082
Take Profit...
more sell off power from DXY will drive gold to $2000.
Last month in 3rd QTR.
Loss of revenue from corp America/Education/ sports/ lack of political security in hindsight of 2020 election = gold to $2020 for 2020.
Orsu metals released some interesting & pretty impressive drilling results on multiple holes in Russia, indicating they've "struck gold," for lack of a better expression.
I'm not great at reading drilling results from Gold mining companies, but I can read the charts fairly well, and apparently the market likes the results, so far.
An ascending triangle is a...
