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We can see that XAUUSD is about to go up based on the current price action
Overall market sentiment is bullish right now
And I can see smart money entering longs
So we will buy too!
Like and subscribe and comment my ideas if you like them!
Before the first strong impulse, we had an eight-year consolidation, it is difficult to imagine how much energy has accumulated.
After some stopping and testing of strong trend support,
I expect another strong upward movement to the key points 1.2928 and 35.5
Share your opinion in the comments and support the idea with likes.
Thank you for...
Just two hours "before" the 2 pm Wed Fed announcement
on policy and interest rates very big money had started to sell US stocks..
The selling continued almost unabated for the remainder of the week,
picking up heavy volume Friday afternoon, with S+P 500 Futures
closing the week at a significant discount to cash.
There were clear warnings that this was...
Thank you so much for coming today, this post is simply because I feel gold is extremely overvalued.
We have a nice pitchfork channel depicted above that is a possible route of gold price .📉🆗👍
When the market crashes, you hear them say "Gold!! It's store of value , stack it up!!!" 👉 🤔😄🥱😮👀🥴🔻🔻🔻🔻🔻
This makes no sense to me, Gold has been...
Gold on the daily chart reached the weekly support as expected from our previous analysis.
The price closes the week around the 0.618 Fibonacci retracement level near the ascending weekly trendline.
We can expect at the beginning of next week some retracements to the upside around the 1810 area.
The commodity will be on our radar to check a new opportunity at the...
XAUUSD is now on the consolidation zone, possible correction happen. We'll look for buy set-up, this correction might get big.
Please trade with care, especially with this pair. This is not a signal area, this is what i see based on my technical analysis with this pair.
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XAGUSD H16: 50%/60% BEST level to BUY/HOLD SILVER (NEW)
Happy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: How to spot a possible market reversal. Of course, there are many strategies and various methods one can implement to identify a reversal in the markets. The method that we will be talking about today is relatively simple and really effective.
We use two...
Hy trader !
This Gold weekly chart is a combination of 2 original- 1 innside- and 1 modifiziert Pitchfork, Fib retracement and Fib time !
Confluence areas of the fibs are key price zones to watch !
No trading advice !
If you like this post smash the like👍 button, comment or follow me.
Thanks for reading my idea,
big fund ,larg banks(brokers) use it to predict future
backwardation=gold futures price GC1! - gold spot price
when it goes up show larg banks,big fund start buying in futures market
whenit goes down show larg banks,big fund start big sell in future market
now we have high backwardation in 2 days ago , show big banks,big funds start huge buying ,...
Well, referring at my last idea in which we are into an E leg before the last wave 5 in the bull run (related in the follow), I think that it might be wrong.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the...