if you guys want to buy the upper bollinger band, be my guest. From my experience, buying above the upper band and selling below the lower band are both mistakes. Also, we see a clear divergence in the RSI (RSI is not confirming this bull move)
Waiting balance trade on volume base area. If these zones hold and make small balance, i will trade those zones.
has achieved all technical targets for a short term gold is a super bullish for investors for short term i will like to book some profits and wait for dips to enter again
As you see on the chart we have a spring effect on vwap indicator it's mean that we will have a big probabilitty of an uptrend.Thanks.
Top should happen end this week or beginning next one (monday - tuesday) That would mean futures arnu 1880-1890, with DXY (dollar index) 102-103 points. After that a correction for a bullish continuation. Bull is here to stay and could probably see again the hights of previous years this spring. So.. GDXJ around 41$-42$ also. GDX around 33$ too by the end of...
Gold continued to push towards the upside last week and is reaching key resistance region at 1880. Momentum has been relatively strong only the weekly chart and we expect Gold to experience some retracement since the 1880 key mid range resistance is reached...entries should only be entered upon confirmation
January second week trade ideas. If those prices hold, I will trade.
Gold moved opposite to the dollar in 2022. Since the greenback has been strengthening against major currencies, the gold did not perform very well and reached a low of USD1,618 (COMEX Gold Futures) before recovering by the end of the year. However, things might change in 2023 and there are several important factors supporting the gold price. We might expect gold...
While the forecast on small degrees, which is updated here on the 7th of each month, continues to come true, let's talk about the future, not about trading. So, the ending diagonal in a cyclic wave "V" is forming, with the alternative being impulse. These calculations are very similar by the nature of the expected movement, with the only exception that impulse (D)...
Very likely 1900+ to take-out stops above 1880...👍😎 Also,1840 was best long entry at bottom of corrective wave 4!
Weekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.
My research suggests Gold may continue to rally above $2079 in early July 2023. I believe the current US/Global market crisis event is very unique - something many people fail to understand. Many professional analysts have gotten married to the 2008 market collapse scenario. I'm watching dozens of posts on social media and other sites where everyone is uber...
Using pitchforks to determine golds support and resistance.
Weekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.
Hey Traders so I figured because it's a new year why not start the year off right by setting us up for success. Having a trade journal or Trading Business Plan may be one of the most overlooked aspects of trading. However in my opinion it will separate those who are successful from those who are not. Trading is a game of probabilities and odds. Mistakes made are...
As you see on the chart we could have an uptrend if we have the breakout with strenght the vwap indicator and the resistance line by a big green candle with a large green volume. In other hand, we could have also a downtrend if we have the breakout with strenght the vwap indicator by a big red candle with a large red volume. Thanks.
GOLD FUTURES As we said in the previous analysis, he penetrated the strongest resistance zone, or a very strong display area, and he went up, and we could see a very strong retest, and who was aggressively climbed to the previous summit