Metalixt

Metalixt

Gold refused to break down below 1829 yesterday and headed back up today to retest previous day high which could result in hitting 1851-54. Which one hold which one hold will like lead to daily engulfing candle and a breaking of the uptrend. Good luck with that and don't forget to comment your opinion

Metalixt

Gold jump from previous close to 1829 and still heading. But any move further up likely to cap at 1840-44. Sight at 1840 a sell you don't want to miss with target to 1780s. You can open 3 orders. Take profit one 1820 take profit 2: 1790 Then keep the last order.

Metalixt

Gold likely to retest 1821-30s if the head and and shoulder pattern on smaller time is not broken. But dollar still incharge in higher time frame outlook. A move to 1799.74 will be a nice buy for intraday trade with target to 1816 1821 1830s. Above 1830 we start looking for a selling opportunity. Good luck with that Don't forget to drop ur opinion

Metalixt

There's possible move back to yesterday high at 1832 before resuming downtrend or 1821-24 might be the limit. Move below 1780s is needed to shun uptrend threat.

Metalixt

After recovering from 1600S to 1800s.Dollar is set to regain strength and start heading back down before ending of January. Sight at 1821 and 1831 is great selling opportunity you don't want to miss out. Good luck. And don't forget to drop ur opinion.

Metalixt

Gold likely to move back to previous week low as long as it trades below 1728. A clear break of 1728 comes 1748 which once broken brings 1800 on the card. At the mean time I'll see any move to 1734-36 as a cautious selling opportunity with risk management expecting it to pull back on the same candle below 1728 on 4h-daily time frame. Target at 1683 followed by 1650s-60s.

Metalixt

I told u guys about gold having trend in trend in 1htf in previous post and what is likely to play and we've only broken down from orange uptrend and now trying to head down to the down part of the yellow trend. The market pulled out of 1695 zone which I put as the first target. If the zone is to be crossed 1670s will be next down followed by 1660s. If the...

Metalixt

TAKING PROFIT: trading trend pattern sometimes is not that easy because sometimes our targets meets some hurdle on the way which make us to exit the trade with fear before our target and we end up regretting it because the market finally gets to our target. But believe me incase whereby you've a sell order in a descending channel you don't have to panic in such...

Metalixt

Gold have been wandering sideways for sometimes now having no direction. This is 1hr timeframe having trend in trend. A break up of the yellow trend comes 1720 which if broken brings 1748 next and after which comes 1770s. While break down of the orange trend come 1695 which if broken come 1670s. Possible wide 4h uptrend in play. Good luck

Metalixt

Gold have shown bit but not convincing reversal signal. If gold is to be found below 1700 again the next target should be at 1695-80s which once broken comes 1677 a move to 1660s not ruled out. If the downpart of the yellow uptrend holds that keeps gold hopeful of move back to 1878 and year high. Break below 1660s to limit upside potential and kill dream of move...

Metalixt

We have achieved our goal to 1753 from 1878. Further downside looks more likely than upside. Gold recently broke out of new 1hr timeframe uptrend having triple touch at the top of the trend which is likely to lead to the new trend expansion. Downside targets first at 1722 and second at 1670-80s. Gold need to trade above 1700 for hope back to 1878 to yearly high to...

Metalixt

Dollar broke the 4h and daily symmetrical triangle on Friday but not bodily. The body capped on 4h timeframe which keep bull hopeful of 1850s. A clear break is needed for bears to stay hopeful of 1753. Gold bounced back to 1810 from 1785 driven by oversold silver. And the yellow trendline I told guys about brokeout bodily on 4h but pulled back in 1 candle stick...

Metalixt

Gold traded bit freely today but still ranged and getting back to choppy mode before the close. Gold upside is still getting more limited with upside risk looking likely down to 1832. At 1830 I'll be tempted to sell and at 1832 I won't hesitate to sell with my risk management. The new resistance is at 1823, 1827 ahead of 1830 and 1832. If any move up to 1830-32...

Metalixt

Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I ...

Metalixt

Gold traded in 1820s-40 yesterday still inside the the descending trendline. 1840s now likely knocked out of the game. With the new resistance being at 1830 first and 1832-34 next. Gold is still bearish biased any move up to 1832-34 I will cautiously resell if hold with target to previous low 1821 scalping term and 1816-12 long term with possible breakdown. Gold...

Metalixt

Gold still trading in lower timeframe trend which shows 1841 slightly on the card. A visit to 1838-41will be a good selling opportunity I'll sell cautiously if hold with target to previous low 1816 long term with possible breakdown and target 1830 scalping term. Gold now likely limited to 1838-41 A break above 1842-44 likely to lead to M-formation on daily...

Metalixt

I told u guys about USD considering daily engulfing candle which it did. Dollar cracking of 1823 zone that it have been rejected twice is a good sign for further decline. The next move for dollar should be turning the 1823 zone to resistance. Upside pressure still limited to 1842-44 which will be a good selling opportunity again if capped but 1830 and 38 will be...

Metalixt

I told u guys yesterday about a possible upswing ahead of Chair Powell. Which happened earlier today. Which clearly created M( or partial M cos of. The delay before formation) and trend retest on my 4h FXCM xauusd which I stopped uploading because of the complaint of the roughness. Gold still trading at the upswing zone with 1842-44 standing for the bears and 1834...