Today we had a very interesting day upon us. A day where Gold barely moved until basically the last half of the US exchange where we hovered in the 1511-1512 range. Despite a reasonable move today, most of the Gold and Silver stocks finished down today due to them being heavily overbought: I expect a rebound tomorrow. Why are they being overbought? Many...
Our long Gold bull-run is set to continue. While the markets finished up today, Gold and Silver continue to hold their specific resistances and maintain their sound technical strength which should provide great confidence for traders. I am expecting perhaps a slight pullback when Gold opens somewhere into the 1460s. However, I see muted major retracements of...
GOLD's breakout of the triangle it formed was quite something. First, what appeared to be a fakeout to the upside, catching the bulls a bit early. Then collapsing back into the triangle. Price threatened a downside break, and then picked itself up, broke up again (and retested) and then promptly took out the $1325 target I had drawn in. Friday's candle looks a...
On May 9 I highlighted the wedge GOLD found itself in. On May 14, price had broken the wedge and looked to break to the upside. However, my caveat was that to confirm the breakout, we needed to see price stick around at the new highs it had more, or retest the trendline from above. And this is why we wait for confirmation! The breakout, and failure with price...
Looking at a buy for Gold - once it breaks the D1 Dec ending trend line then ill be looking for further upside movement to the next major resistance HOPEFULLY NFP TODAY HAS A POSITIVE EFFECT ON THIS SIGNAL
its a good oportuinity to buy XAUD/USD pair , taking advantge of the 5th and last motive wave
Hi all , I'm opening a sell on this pair , as we are still in the range of our H&S pattern i drawn out on my previous post . This is an aggressive entry , as price is a few pips away from the key resistance level i would have love to enter from , But with a stop just above that , the r:r looks okay to me . Many Thanks
Sell when the price hit the resistance trend line on top, wait for 3 confirmations then short carefully and wait until Sep. money management is the key.
A downside move that will push below $1311.55 will put pressure on the bulls, with no real support until $1307.30 Do not open short position if the price pushes above 1314.50, wait for a Strong resistance level
REMEMBER This is for educational PURPOSE ONLY Hidden Demand Zone + Symitrical Triangle
USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price breaks below the blue line @109.819 If...
XAUUSD As I posted before - we had 2 options. And first option now is active. Waiting for correction and entry confirm.to open a LONG position.
Friday price retraced from 1226 to 1217 after rallying from 1195 to 1226 on Thursday. I was expecting price to retrace at-least up-to 1210 overview ;buy
Based on supply and demand Zones