Hey Everyone, We finish off the week completing all our targets into 2045 weighted level to complete the range. 2045 failed to break with ema5, as stated yesterday and therefore followed with the rejection. We will now wait patiently for price to settle into a weighted support level below from this rejection and create a new Goldturn to catch the bounce...
Gold reached the top of the ATH Channel Down and so far is being rejected. Turning bullish on its 1D technical outlook (RSI = 57.506, MACD = 11.660, ADX = 41.229) means that it is not unlikely for the top to break but we will engage (buy) only if the R1 level (2,048) breaks and target the R2 level (TP = 2,090). Until this happens, we will use the rejection to...
Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence,...
Hey Everyone, And what can I say apart from BOOOOOOM!!!! We got the swing range reaction we expected once again for another perfect swing and a lovely catch for us, from the bottom inline with our plans to buy dips. We also got our Bullish targets at 2001 and 2012 now complete. 2012 is a weighted level and will need ema5 to lock above it to open the range above...
Attempting to recover in the first half of the session, buyers were unable to push the price above the important psychological resistance level of 2000. Selling pressure returned strongly around this resistance level and created a new bearish signal. This price behavior shows that sellers are still in control of the situation, the price will likely continue to go...
World gold prices are on a decline, influenced by the strengthening USD and the upward trend in bond yields. The USD saw a 0.2% increase, rendering gold more costly for those holding different currencies. Concurrently, the surge in US 10-year Treasury yields elevated the opportunity cost associated with holding gold. Investor attention is currently focused on...
Hey Everyone, Another great day on the charts today, catching the bounce from the swing range. Once again it did exactly what it says on the tin!! Yesterday we stated on the chart update that we had the first test on the swing range level at 1978 and we were expecting a swing reaction here. This played out perfectly, as we got the swing into 1990 inline with our...
Hey Everyone, The bearish continuation from Friday followed through today with price heading straight into the highlighted retracement range. This weighted level gave the 40 pip bounce as suggested. Even against the trend our levels provide the bounce from the weighted levels, allowing us to track and trade the movement with or against the trend. Ema5 broke the...
Gold turned very bearish after NFP release on Friday. The price attempted to violate 1997 - 2008 horizontal support and closed within its boundaries. I believe that we gonna see one more of its breakout attempt next week. A daily candle close below will confirm a violation. A bearish continuation will be anticipated to 1977 then. ❤️Please, support my work...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We have been safely riding the move up last 2 week from dips and then tracking the movement down last week. We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990 However, we...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We have been safely riding the move up last 2 week from dips and then tracking the movement down last week similar to our 1H chart idea. We are now seeing price test support above 1999 Goldturn with a immediate bullish target open at 2014 and Bearish targets at 1999 and a...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line. We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into...
Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July and now completed this chart idea hitting all our targets perfectly with a perfect finish on the channel top. - BOOOOOM!!!! We are now seeing the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still...
Today we are expecting the US NFP report. Here are the potential scenarios for Gold. Bearish If the price drops and closes below 1998 key daily structure support, it will be a strong bearish signal and a further decline will be anticipated at least to 1978 Bullish The price formed an inverted head and shoulders formation on a 4H time frame. Bullish breakout...
at level 2060 USD as previsous TOP , We notice some weak of bulls as we can see the divergence on CCI mixed with Pin Bare on Weekly timeframe we expected a possible breaking uptrendline for the next three ou fours weeks. TP and SL are clearly showing
Gold hit the bottom of the 4H Channel Up and the 4H MA200 turning neutral on 1D and bearish on 4H (RSI = 37.407, MACD = -6.030, ADX = 14.273). The 4H MACD also indicates that we are on bottom territory so we expect a short term rebound and we're bullish targeting the 4H MA50 (TP = 2,035). As long as the designated dashed Channel Down holds, we will then turn...
Hey Everyone, A piptastic finish to the week for us hitting all our Bullish targets!!! We the saw price drop down for a correction clearing all our bearish targets and yet respecting our weighted level supports for 30 to 40 pip bounce as suggested all week. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as...
Today’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities...