Please see our updated 1H chart setup.
We are seeing price bounce between both structures. we saw price test 1779 on NFP and rejected for a push back up towards the upper structure.
We will need to see EMA5 cross and lock above 1802 to open the upper structure. Failure to cross will see prices head towards lower structure to look for support...
Please see the daily chart setup we have been tracking for a while playing out perfectly. We had a daily chart close above 1790, which opens our long-term daily chart target to 1856. However, we would like to see EMA5 cross 1790 to confirm and solidify the direction to the next target.
Our long-term stance is Bullish, keeping in mind any big swings...
This is the weekly chart setup we have been tracking our mid to longer-term targets and so far, this has been playing out as planned with 1787 being hit last week.
We saw the weekly candle close above 1790 last week confirming further bullish momentum up with our 1858 target open. However, EMA5 cross and lock above 1790 will confirm this movement....
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US30 has broken out of the bearish trendline. The price still moves above the EMA 90, indicating a bullish trend. The MACD Indicator created a golden cross that...
Please see our DAILY chart posted on Sunday. This played out to perfection hitting our target zone in line with ma200.
We had an amazing week catching buys from every dip. Today was NFP yet we bravely committed to our buys, as per our analysis but keeping in mind the retracement due at daily chart EMA5 detachment.
NFP numbers came in with higher...
Please see update on our 4H chart setup from Sunday. This has played out to perfection with our final target at 1797 being HIT. This target was open from the EMA5 cross and lock above 1755 confirming the target and the failed EMA5 cross at 1739 forming a double bottom also confirming the push up.
We are now seeing price above 1797 and a candle...
Another fantastic day for us with our plans playing out to perfection. We stated yesterday that we would look to take buys from support levels and expecting price to move within the range until we see a break of 1758 to confirm a breakout.
We had a lovely push above the retracement range during Tokyo session. EMA5 crossed and locked above 1758...
If the retail trading pattern plays out, price action will break out of this descending channel.
The only way I see this accelerating is if we get a continued decline in the US dollar. Nothing else has changed geopolitically or economically.
Monetarists still believe that increased rate hikes will bring down the economy, yet the Atlanta Fed's own GDPNow model is...
Please see our updated daily chart setup.
We tracked the descending channel over the last few months and identified the breakout when we started to see the failure to cross below the channel half line with the double bottom.
The daily chart has a mid to long term open gap target to 1790 also not too far from MA200 challenge with a swing range at...
Please see our updated weekly chart analysis.
As you can see our long-term plans on the weekly chart is playing out perfectly. Although we are Bullish long term, we identified EMA5 detachment below, which was attached last week on the retracement, as expected and analysed by us, followed with the push up once again.
This area of resistance that...
We did it again!!! We stated yesterday - (Although the full swing range is open now, we can expect a push up in price from any of the Goldturns along the way down. We will be waiting patiently in VIP for signal confirmation to confirm the turn and pick buys from dips.) - This played out to perfection, as 1739 Goldturn provided support...
Please see updated Goldturn levels and structures.
We are seeing EMA5 challenging 1750 Goldturn which is a significant challenge. Although we saw price go below this level on Friday, we will need to see EMA5 cross and lock to confirm the breakout to the next structure below otherwise another push up will follow to 1758 also in line with MA21.
We posted this chart on OCTOBER 16TH.
This chart is also playing out our long-term plans for Gold. MA50 provided the dynamic support for the push up we projected with half the target already done.
We are now seeing a new Goldturn form at 1704. However, we will need to see the month close to lock the Goldturn. Once locked it will confirm a bigger...