FINAL BULLISH LEG FOR GOLD! too late to buy now, this chart is only for those who are still holding on to your longs from below! i entered longs from $1238! Private message me if you're interested in trading live with me on Gold, Silver & AUDUSD. I give only good risk/reward trades only.
SILVER TWO SCENARIOS Private message me if you're interested in trading live with me on Gold, Silver & AUDUSD. I give only good risk/reward trades only.
GOLD BOUNCE OFF KEY SUPPORT LINE So its $1300 region > $1263 region > $1325 region Private message me if you're interested in trading with me Live. i give only good risk reward trades on gold and silver.
GOOD BUYING OPPORTUNITY FOR GBPUSD double channel bottom = solid support
SILVER LONG. based on price action and channel Private message me if you're interested in trading Gold, Silver & AUDUSD live with me. I give only good risk/reward trades only.
I accidentally published my previous chart on private, here is a public one. i believe there will be a 3 wave bullish movement from 1215-1220 area.
POSSIBLE LONG SCENARIO FOR GOLD -RSI DAILY above 50 -nfp last week is expect to keep rates on hold. -we broke the key resistance of 1243 which has been a strong resistance this year multiple times. If you're interested in trading with me live, private message me for details :) I give only sensible trades with good Risk Reward and technical analysis.
2 POSSIBLE SCENARIOS FOR GOLD. not favoring any of the scenarios. my bottom is $1250 or $1243.
UPDATED: 2 SCENARIOS FOR GOLD two potential bottom: $1230 or $1180 both scenario seems equally possible. so if you were to buy at 1230, make sure you use tight sl @ $1224 or so. I will long at $1230
my trade plan for this week. #1 hits around $1310 and then bounces back to the bottom of channel. if this plays out we can still see a bounce from the bottom of the channel #2 test $1310, breaks and tops channel at $1325-1330 (I am favoring this as long as we break $1310 and rsi daily is above 70)
UPDATED 2 POSSIBLE LONG SCENARIOS FOR GOLD. This is why u need to use SL and good Risk-Reward trades only. Any of these 2 scenario is likely. My bias is on a drop to $1250-1243 then a rally, unless gold makes a supportive base at 1265-1263.
2 SCENARIOS FOR GOLD. I wll tp at 1281 if 1281 does not break
I will be staying out of the markets until friday this week. my buy zone is $1238-1243. I predict a big bear after this rally, however I didnt expect it to come 1 week earlier! i do not plan on buying at 1260. key levels is 1243. if this breaks lower, we will retest 1238. i see this as strong support. This whole week looks very bearish so best to wait until...
CHANNEL TOP is in the range of $1323-1325 rsi 4h and d1 also supports this move. I will tp around there or at the end of next fri. whichever comes first. when this hits the top, we should see a strong 3-4 day bearish trend that will test the bottom of the channel on the charts. still on holiday, wont be posting more than once a week.
CASE FOR NEW TRENDING BULL MARKET! 1. We had a 5 in a row bullish daily candle close which hasn't happen since early Feb 2 .This happens all the time when daily RSI is above 70! See late jan - early feb trending rally. 3. DXY is about to break its major support levels Currently only long 0.5 lots with a stop loss under $1270. low risk for me
USD INDEX BEARISH CYCLE FOR 2016-2017 1. bearish divergence 2. daily RSI under 30! everything has a cycle, the next 2-3 year is bearish for the us dollar index, the sooner you realise this the more profits you will make.