For this next bull run, this is your chance to buy Gold at cheap prices & hold towards new ATH’s, if you haven’t bought already☝️
On a smaller TF we've seen Oil spike up & break structure, by taking out the previous high at $93.80. This indicates a change in structure from bearish to bullish. We're currently seeing an accumulation order take place (Wave II), where new buyers are entering the Oil market. The average retail trader will be scared to take advantage of this dip, which is...
Price came back to retest our entry & supply zone, so this was a chance to re-enter for those who might have missed it. Running in small profits, so you can still enter late but with a smaller position size. Manage your risk accordingly. Much more downside anticipated overall.
- 5 Sub-Wave Bullish Move Complete. - Price At A Major Supply Zone. - Overbought Market Conditions/Downside Imbalance.
On a short term scale, I see Gold heading higher towards $1,957 - $1,965 to complete its current bull move. We also have pending liquidity above the previous Wave 4 (X) high. Wait for a small sell dip lower & let price settle, before looking to enter any buy positions. If price don’t settle, then no move to enter.
Bitcoin (BTCUSD) has spiked up by an enormous 2,090 PIPS (7.50%) in the last hourly candle, on the rumour that a Bitcoin Spot ETF application has been approved by the SEC. BlackRock has come out to deny it, calling it 'fake news'. Just like that market crashed back down & wiped out its 7.50% gain. In the process trapping a lot of new buyers, taking out sellers &...
The price of Crude Oil just keeps rocketing with no stop in sight😍 Oil is up 25% from our POI & the best thing is, we're only at the start of the bull run😂 We've completed Wave I & now seeing a retracement (Wave II) for new buyers to get into the market at a discount.
If Gold sellers (Wave Y) really have completed their correction earlier then expected & if we REALLY have bottomed at $1,812 then this could be the start of a huge bull run🚀. But first let's see how price reacts off major zones this week, before coming to that bias.
Gold bulls have been absolutely rocketing today on the news of Israel invading Palestine & killing even more citizens. 500+ PIPS within a day & it's only been half a day😵💫 Be interesting to see how market closes its weekly candle today. Below $1,920 - Bearish $1,930 - $1,940 - Neutral Above $1,940 - Bullish
If you look at the 4H candles you'll be able to see buying momentum is slowing down rapidly. Price has also taken out the equal high liquidity at $1,880 which'll give sellers the momentum to carry on down. Waiting for price to settle down now & provide a more clear market structure. But overall, looking very good👍
GBPJPY still up 700 PIPS in profit so far from our Wave V POI. Very similar to our USDJPY long term bias; one final leg up before the long term downtrend starts. These sell's will be the start of MULTI-YEAR downtrend. Getting ready to enter sells🌪
Still waiting for a strong impulse move down from 1 of our 2 zones. Right now it's a waiting game & being patient in the markets. As soon as the sell off happens our entry zone will become more clear, as we'll wait for a retest from a MINOR supply zone.
2017 - 2021: Market made its first impulse wave. Created a new ATH (all time high) at $2,074. 2022 - 2023: Long term correction & accumulation for buy orders. Also, market trapped late buyers at the top, who got in during the end of Covid. Liquidated them during the correction. 2024 = New all time high’s for the market. Markets move in cycles. Never a...
The Dollar Index has just about missed our $108 target, shy of 50 PIPS. However, I still think the DXY will make its way back up. USD markets like USDJPY haven't topped yet & neither has negative correlating markets like Gold bottomed either. I expect the Dollar to to find its top in the coming weeks, with Gold also bottoming soon. Then we'll witness major reversals📈
Now that our short term buy's have been closed out in profit, we can go back to focusing on Gold's mid term view. Option 1; expecting Gold to range within this zone, which'll be used as a chance by sellers to accumulate more positions. Waiting for a strong impulse move down, followed by a retest of the grey zone (Wave 4) so we can enter the next sell...
The 1H chart can possibly offer a buying opportunity, allowing you to buy & sell numerous times within this consolidation phase. After the extreme selling pressure since last week, sellers will need to take a rest & accumulate more selling orders, before they can carry on back down. This can lead to short term buying pressure (correction). Overall, this a...
Ripple prices still down since yesterday, so far in 2.5% profit. Another 5.11% profit still remaining on the card. Should hit TP by end of the week hopefully🙌
XRP moved as we said it would on yesterday's analysis. It moved a little higher above the yellow resistance zone, seen a small wick fill & now dropping back below $0.52 zone. A nice 7.5% profit gain to make from this trade. 7.5% without leverage, could easily do 50-100% with leverage😉 Trade accordingly to your account balance & your personal risk appetite.