Cashdaflow

Cashdaflow

Hello guys! After this crazy week in gold, this is my idea on the current short term outlook. It seems to be forming some sort of bullish ascending triangle for the last few months. Each buying phase has accumulated about a 10% gain only to lose about 50% of this gain in a correction. This doesn't have to happen again but considering the size of the move in such...

Cashdaflow

Given the extension of the move on late Friday. We can assume that there is plenty of buying power in this pair. Possibly an exit of short positions as well. For the opening this evening, we need to look at price action and reaction of certain levels. There is a high chance of new sells coming in, as well as for buys coming in out of FOMO. So this leaves place...

Cashdaflow Updated 

Obviously the market is pricing in the new expectations and will probably see some more selling pressure in the near term. However, I think we will see some buying pressure at key levels since it's attractive for many institutions at this price. The long term price target remains high but maybe it's gonna take a bit longer t get there. I see this recent selloff...

Cashdaflow

The chart analyses XAUUSD price action comparing it with the DXY. Look at how the gold price reacts at key events and how the different correlations with the dollar index. It's pretty evident that gold keeps gaining even when DXY gets stronger, a clear indication of bullish movement. Next week I believe we have crucial news that will push gold out of its...

Cashdaflow

- Bullish Scenario in the long term. -Overbought conditions, risky levels to buy. -Mid term corrective pullback to liquidity areas. -Opportunity to buy on these dips. Basically, I expect a similar move as the one described on the chart.

Cashdaflow

After the recent bottom in the last sessions, I see trend changing bullish towards 1890-1900$. I feel the market has already priced in any further rate hikes and will eventually resume the major picture price targets. The loss of bearish momentum, the break of upper trendline resistance plus the formation of what looks like a inverted H+S pattern all support a...

Cashdaflow

Expected Price Action on XAUUSD considering multiple technical factors and fundamental factors (US GDP, Feb. Interest Rate Decision, etc.) This is a personal journaling analysis.

Cashdaflow

It’s obvious that there is bug buyers moving to Gold as a hedge against recession. Jumping into this bullish trend seems like the safest option in the long term. However, I expect a corrective pullback from its current level towards prior support/resistance levels in the near term. The chart explains itself… RSI Divergences, Trendlines, Fibonacci… What I expect...

Cashdaflow

"This is a personal trading journal" The current view I have in XAUUSD in the short/medium term is the one projected in the ghost Japanese candles. It's obvious that the DXY is getting weaker and weaker and recession is coming in slowly with its effects. The effect has already been felt on XAUUSD and other parities. To me it seems as XAUUSD is currently overly...

Cashdaflow

This is my trading plan for XAUUSD at the market open in a few hours. Considering the extensive bullish movement in the last 4h candlesticks, i expect a retracement before continuing or consolidating into a sideways market. I honestly dont see a massive pullback, more like a small corrective move towards 1670/1660. We will have to see where the market positions...

Cashdaflow

This last bullish movement was quite unexpected. It is clear that the 1616/1620 price level is a strong supply area, and I feel like the USD will slowly lose its safe haven currency status. This will obviously push XAU to its real value in the future. However, I feel like correction is needed before any continuation is achieved. I expect a pullback from the...

Cashdaflow

GBP/JPY directional idea of the start of second week of February! I see a obvious break of trend since the end of January, and for me its aiming to go down to levels of early December 2019. My idea is to short on small pullbacks when market opens with a stop loss around the 142.000 area and targeting levels 141.100 and if break of 141.000 happens will probably...

Cashdaflow

Considering the festivities it will probably be a slow market but I wouldn't be surprised to se a 200/400 pip move down in the next 2/3 weeks... The pair is losing its upwards strength and has allready bounced of a strong resistance... I see some selling action coming in Happy xmas to all!