Hello traders, Let's go back on a downtrend on weekly chart for GOLD. Now considering last week that gold has finished a weekly correction up to hit the line again on position 4, it is possible for gold to continue downtrend from 4 to 5 IN THE COMING FEW WEEKS. This assumption won't be valid if gold rally up to break the weekly trend line. So for this week, we...
Hello traders, USOIL as expected make a retest of the channel after breaking through. Now it hit the support zone 86.19 once and making a correction. To open a new selling order again, it is much better if price go up to retest the red zone on this 4h chart and make a reversal signal as confirming signal for us. Targets are round 85.0. GOOD LUCK ON THIS...
Hello traders, I hope this idea was helpful for setting up a selling order on gold for you guys. If you follow, keep your selling order still and focus on the bottom supports as your targets. Or if you want to open a new order or add a new one, you should take a look on price action during later sessions on the retest zone on this 4H chart. The positions are...
Hello traders, USOIL is bullish still in my last 4H idea, In last idea, it was expecting a ABC wave up to make a new high to FIBO 1.27 WEEKLY. Seems it did make a RALLY up after finishing AB wave, but no new high. In such a situation, it is really reasonable to check it again on 4H chart today. It is possible for USOIL to make a double top and going to make a...
Hello traders, USOIL made a rally up on Tuesday with news from that Saudi Arabia and its "ally" Russia may continue to cut crude oil production. So, the correction did not happen. Now to follow the Wkly trend on this 4H char, it is possible for USOIL to make back test of support zone to before starting a new BC wave up. Check the SUPPORT ZONE for entry signal...
Hello traders, Now we got a clear clue on 4H chart for gold. It made a bearish bowl top and broke the green trend line and made the first support zone become a resistance zone. This is a opposite way as our weekly outlook on GOLD. So we would like to concern it as a corrective wave first and follow 4H chart to go. Down there in this idea, there are 3 support...
Hello traders, GOLD is bullish on my weekly outlook idea. It was a holiday for US on Monday, and gold slowly move down to the support zone and testing the support line on this chart right now. If gold keep moving down or sideways to break the trend line, we should think about a lower support zone for buying. If gold make a fake breakout with this support...
Hello traders, In my wkly outlook idea, the resistance zone become a support zone for now WHICH happen to be FIBO 382 of last impulse leg IN THIS IDEA. Once 4H confirming single confirm, this corrective leg could down to test 82.5-83.50 OR LOWER . GOOD LUCK ON THIS PLAN. LESS IS MORE!
Hello traders, This a new week outlook for usoil. First let review last week outlook. USOIL did not make a lower support than FIBO 382 but keep rising up all week to 86. The resistance zone now has become a support zone which could be a position for support or fake breakout. So, for the simplest plan is that price retest the support and make a new high up to...
Hello traders, A new week here again also is a new trading month. Hope will be a great week for us. Remember last week outlook that we have a downtrend channel for gold? Now the upper line of the channel seems broken with all candlesticks stand above EMAS. Back on this chart, there is a invalid line that you should not treat it as a trend line anymore. This...
Hello traders, GOLD did make us a good trade to finish WAVE B. Check with last idea on GOLD. Now it is turning down from C which is the end of Wave B. And three support positions are marked out on this chart as selling targets. So far I would only treat the new swing as a corrective wave unless it make a new low lower than low of Wave A. GOOD LUCK ON THIS...
Hello traders, USOIL is on a plan for correction right now. First lets review our outlook of USOIL in this idea. USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL? Yes. On this 4H chart, with a later NFP releasing, it is possible for USOIL to...
Hello traders, I have all the trends on GOLD marked out with channels or rectangle. Just check with the last on the right. Gold now is making a new downtrend channel and getting some support in last week. To drop down again inside the channel, the better plan is retest the upper line of the channel and turn down to next fibo position. And this is my plan...
Hello traders, USOIL seems making a big weekly W bottom. Focusing back to last few weeks price action, Oil seems just making a fibo 382 correction and still standing on the EMAS. It still looks bullish on this chart. With the potential uptrend green channel on this chart, it would be very nice for buyers if oil finish correction and turn up again to reach the...
Hello traders, GOLD is looking up still inside the 4H channel on Monday. The sideways price action could push price up again after getting support on the bottom line of the uptrend channel on this chart. Now in the LONDON session, it is moving slow because of holiday. Check again in US session to see if there would be any signal for this buying plan. GOOD...
Hello traders, In my last idea, I was looking for a higher high C before USOIL making a new leg down. But it did not happen. Now following the main trend still on daily chart, I would like to look for a new B as end of corrective wave before wave BC happen. C is targeting FIbo ext 1.27 and S1. B is targeting Fibo 382-618. Back to R1 is also possible. We need...
Hello traders, GOLD has reached our selling zone but still not ready for sell yet. Check with last idea on GOLD: Inside the selling zone marked out on this chart, there are two possibilities. A. Gold could go wide sideways up to reach Fibo EXT 2.27 before making a new strong bearish signal to sell. B. Gold could drop down alone with the red arrow and retest...
Hello traders, USOIL turned down from fibo 382 just like we expected in this idea. But it does not make a new low, at least no in this Asia morning. Seems like this way would be more possible. Making a new high up to C to finish a ABC corrective wave. And then should wait for more signal to see if price would like to turn down again to FIBO ext 1.27 POSITION on...