FxDollarZar

FxDollarZar

Ok traders ...FOMC news or Is it FED ,it might be a decider for Gold"s next direction... So i got 2 possible scenarios on Gold . the first one is we might get a move to the resistance zone (1868-1877) ,giving us the double top and a third touch of the ascending channel which is obviously gonna be a valid signal if we reject those zones with a bearish candle...

FxDollarZar

As of the start of this year/month ,Gold has been struggling to push passed resistance zone 1827-1831 and as soon as it tested that zone for the third time and still hasn't moved down ...i knew price was going up . That's when i spotted that flag pattern and entered a trade that i'm currently holding. for the next coming week ,i'm really expecting price to push...

FxDollarZar

The reason i'm going long on us30 is simply because the market is in an uptrend creating higher highs and higher lows .. So im expecting a new higher high as the market has bounced off the inner ascending channel support trendline with a third touch and we also have a double bottom on the demand zone and to round it off , a strong bullish candle close on the...

FxDollarZar

On this first idea it seems like we have a pattern inside the rising wedge pattern which is an ascending channel and that automatically tells me that we might grab liquidity at the 3rd touch of both patterns just above resistance zone (1828-1831) then shoot bearish to the nearest support zone (1783-1788) . Second idea , the market might create a bullish...

FxDollarZar

Well I thought I should introduce Silver to the analysis as I've been testing it for months now and I'd like to share my idea's on it ... Now if we take a look at silver ,its really not that much different from Gold and it somehow moves in Gold's footprints or should i say they correlate . So Silver had a triple top formation and impulsively broke through...

FxDollarZar

TRADERS! I think we can all agree that Gold is looking bearish for this upcoming week. Gold recently created a double top formation and broke the neckline which was a support zone (1798 -1801) and now it is retesting it as resistance , now my plan is very much simple and it is advanceable that we wait for a bearish flag formation to occur as we already have an...

FxDollarZar

Earlier this week i anticipated that we would get a 3rd touch of the ascending channel resistance just above local resistance zone (1829 -1831) and it didn't play out like that ,instead it created a double top formation and has broken out of the ascending channel and through the local support zone (1798-1801) creating a new low ... So since we have a bearish...

FxDollarZar

I have a quick update lined up ...2 ideas !!! 1st idea could play out as a bearish flag pattern which is marked as (1st setup) . 2nd idea we could expect the market to drive to the local resistance zone then give us a reversal pattern and a 3rd touch of the resistance trendline which is marked (2nd setup) WHAT DO YOU HAVE IN MIND?

FxDollarZar

HAPPY NEW YEAR TRADERS ...ITS BACK TO WORK AS USUAL, THIS WEEK'S GOLD ANALYSES ARE QUIET SIMPLE JUST LEND ME 2 SECONDS OF YOUR TIME ... Last week Gold bounced off a local resistance zone and came back breaking through it creating a new high, so currently Gold is looking bullish . SO WHAT TO EXPECT? Very simple, I will be waiting for a bullish flag or a...

FxDollarZar

As we're a few days left to a new year, it is not a good idea trading at these days as a lot can happen , including low volatility in the market ... but i'll just quickly share my analyses with you guys. Throughout last week and the beginning of this week price has been creating a rising wedge towards Strong resistance zone 1810-1815 ,which is now complete and i...

FxDollarZar

Last week i uploaded an idea (CHECK LINK BELLOW) based on what i would like to see happen on GOLD this week and , the plan was to wait for a corrective type of structure to show up as we just had a very impulsive move to the upside ... So what really happened is that the market really did create a corrective structure which is a continuation pattern after finding...

FxDollarZar

This week GOLD has been massively great and it decided to break out of the long overdue consolidation which means its now ready to move...FINALLY !!! On Wednesday there was a FOMC meeting held up and price reacted positively from it after a false breakout of the strong support zone(1759-63) which led to price moving impulsively ,breaking out of the reversal...

FxDollarZar

Gold has not being moving much since its festive season and there's not a lot of investors in the market at this moment but it can still be traded , with caution obviously ...and for this coming week i have 2 ideas lined up ... Firstly , after the massive drop that happened last month , the market has been in a corrective type of structure for almost 2 weeks and...

FxDollarZar

As i am analysing GOLD i have spotted a pattern inside the reversal pattern and it is a continuation pattern formed along with the resistance marked in RED arrows...and as i continue i realise that we also have the 3rd touch on the support trendline of the reversal pattern and the market is reacting from it ... now i have came to a conclusion that if price gives...

FxDollarZar

Ok so... Gold has been very steady since last week and my bais is still bullish ,reason being that we have a strong support level in confluence with the reversal pattern that still needs to be completed before we could see some movement to the upside ... I have 2 setups in line for this week , the first setup is a very common setup (expanding channel) and the...

FxDollarZar

This is the current situation we have on Gold... At this point I'm really convinced that Gold is bullish unless it makes a new low... We have NFP lined up in an hour or 2 and I'm just patiently waiting to see what will happen...other than that my bias is bullish.. HAVE A GREAT WEEKEND ✌️ (THIS IS NOT A SIGNAL)

FxDollarZar

At the beggining of the week i spotted a Head and Shoulders pattern (check link bellow) and was just waiting for a sell signal ...well that idea is still Valid but as i am busy analysing it thoroughly , i've spotted something Quite different but amazing ... In this scenario as you can see ,price is trading in an ascending channel and on the support trendline we...

FxDollarZar

We are one leg short for a nice bearish movement ... the plan is to wait for the 3rd touch around 1808-1813 and a bearish momentum running away from that zone indicating bearish movement as a selling signal On the 1 hour timeframe we have a bearish flag pattern and on the 4 hour timeframe we spot a head and shoulders pattern ...It all adds up to my idea of a...