AdeptGold

AdeptGold

Now, there are 2 resistance levels being broke as price soars higher. These 2 levels are currently strong support level (green zone). For now, the BULLISH trend seems strong on Gold. It is good opportunity to eye on 161.8% fib level (1877-1880 price level). If price level manage to move back towards the BULLISH trend, we can anticipate further BULLISH movement in...

AdeptGold

My analysis is based on the 5 min chart. Tradingview did not allow publishing of 5 min chart. Price has rejected the 1858 resistance level. For now, short opportunity is valid. However, do note this trade should be a quick scalp. Overall Trend: BULLISH Short Term Opportunity: BEARISH (scalp) Long Term Opportunity: BULLISH Do drop a LIKE to support my...

AdeptGold

With gold's strong movement to the downside, I have identified 2 levels where a potential price correction can occur. On Friday, we managed to see price level hitting the 161.8% fib level. The first potential price range to look out for will be 1795-1800. This will be a demand zone where we can anticipate buyers entering position for gold. However, if you wish to...

AdeptGold Updated 

My analysis is based on the 5 min chart. Tradingview did not allow publishing of 5 min chart. Gold price retracing back to the price range prior to the FOMC news which created great volatility on gold. For now, price reaching an area of support which I anticipate a long opportunity for us. I will be updating the progress of this trade on this post. Do drop a...

AdeptGold Updated 

Second trade for the day. For those who yet to see our first trade do refer to it first. Gold price failed to break 1869 resistance level. Currently, price is trading outside its trend. Now, we are looking at a retest to the resistance zone for us to enter a sell. I will be updating the progress of this trade on this post. Do drop a LIKE to support my content....

AdeptGold Updated 

My analysis is based on the 5 min chart. Tradingview did not allow publishing of 5 min chart. Will be looking for buy opportunity near the 38.2% fib level (support level). Eyeing a move to 161.8% fib level. Please close this trade by the end of today. This trade allows for a good RRR. I will be updating the progress of this trade on this post. Do drop a LIKE...

AdeptGold Updated 

Today's price movement mainly fluctuates near the trend support level. Not expecting any form of confirmation on a reject or breakout. For now, we are eyeing a neutral candlestick. I will be updating the progress of this trade on this post. Do drop a LIKE to support my content. Also, if you enjoy my daily updates on gold (XAUUSD), do drop me a FOLLOW on...

AdeptGold Updated 

Today's New York session we should be seeing bullish retracement movement towards the 61.8% Fib Level. Do note that this is a scalp opportunity and this analysis is based on current market movement.