Intro - Don't have any time this morning, so to sum it dungo jinxed London sessio now we have to do 2460 the hard way.
Details - Ditto. Obviously 2460 right? Is that still obvious? Will add if time.
Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher.
Details - Follow up to 9-1 DRAFT's failure to break out...
Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with 2355, as our Bullish target and 2312, as the support target.
We are looking for a retest at 2355 and a further ema5 cross and lock above this level will open the levels above. Failure to lock will follow with a...
Introduction - Didn't your mother ever tell you not to play with your food? Bulls with upper hand near 2400s once again trapped by hubris. Believing themselves invincible post Powell speech allowing bears to hang around with the door to 2275 still wide open. Will they regret this indecisive decision? Only time and Binary Forecasting Service's trend engine will...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly.
Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
Introduction - This is the follow up to 8-1 and today's strong finish above 2380.
Details - If I wanted to do macro, I wouldn't try this hard. I've been long since 1610, and I have the receipts. I still have 4800 in the title, I am not bearish gold overall. But daily price action is an entirely different animal. At 4:41 PM ET and 2381.34, gold has NOT...
Intro - This should be the next step on our way to 4800. 5500 is now unlikely considering what Friday's top means going forward.
Details - Will break it down as we go. But be aware, I am not going to as helpful as I usually am.
Hey Everyone,
What a fantastic finish to the week!!!!!
Yesterday we shared our completed 1H chart idea update and today we completed our 4H chart idea.
We started the week with our first bullish target hit at 2348 on this chart. Followed with the lock confirmation opening 2367 and then completing the first range.
We then had the ema5 lock above 2367 opening...
Hello, dear friends! Let's dive into today's gold price dynamics together!
Last night, gold underwent a significant adjustment. The precious metal's price sharply declined as fading expectations for a U.S. interest rate cut overshadowed the demand for safe-haven assets amid escalating tensions in the Middle East.
On the analysis chart, gold traded around $2365...
Hey Everyone,
Great start to the week with our first target hit at 2355 - BOOOM!!
We now have a lock above this level leaving 2382 open.
We will continue with our plans to buy dips and also keeping in mind our retracement range at 2312.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing.
The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
By checking the gold chart in the 1-hour time frame, we can see that according to the latest analysis, the price was able to fall from the level of $2393 to $2369 and bring us more than 230 pips of profit! After that, the price was fluctuating in the same range. This morning, with the announcement of Israel's attack on Iran, gold was accompanied by a strong growth...
Greetings, esteemed investors. Today we stand at a crossroads, pondering whether to bask in the glow of gold once more or to reel in our sails.
Yesterday, gold experienced a tumultuous shake-up, with its price briefly tumbling to the depths below $2325. However, in a dramatic turnaround reminiscent of a thriller, it swiftly regained its luster, climbing to a new...
Hey Everyone,
Another great day on the chat today buying dips in true level to level style.
After hitting our Bullish target yesterday at 2355 we stated we had 2382 left open. Once again we delivered the results with 2382 hit today completing this target.
We now have a gap left open at 2408 but we will only continue to buy dips also keeping in mind our...
Hello dear traders! Come discuss and strategize with me today!
Today XAUUSD is still moving according to the strategy of continuing to trade below the $2365 resistance level that needs to be broken.
I still maintain my view and continue to wait for a market correction signal (as indicated on h4) with a target of 2280 USD and a retest of EMA 34.89.
Introduction - London, of all places, vigorously defended 2373 and destroyed scheming bears' setup for 2285 this morning. Is this a sign that miracles do happen? No, it simply means 2444 is next. This also means a slow side-ways-to-up to 25xx in mid-May before MAJOR CORRECTION ahead of 6/12 FOMC. As always, we trade one day at a time and will cross that bridge...
Hey Everyone,
Please see update on our 4h chart idea we shared Sunday, which is playing out perfectly.
We were looking for a retest at 2389, as our Bullish target, which was hit perfectly completing this target and no further ema5 cross and lock above this level, which confirmed the rejection.
We will need to see ema5 lock above this level to see a continuation...
A lot of traders apply trend lines for trading and making predictions on different financial markets.
Trend line can also be an important element of price action patterns.
However, only few knows that some trend lines are better to be avoided.
In this article, I will share with you the types of trend lines that you should avoid and not rely on for...
