Olajireolapoju

Olajireolapoju

Dear Traders, I am quite neutral on Gold for today until I see how the daily candle closes. From my chart, I could see that Gold is obviously bearish on the weekly but still leaving us with an unmitigated Fair Value Gap just below the daily order block. I am actually looking forward to seeing Gold retest 2001-2022 zone and hoping to see a closure below the...

Olajireolapoju Updated 

I am hoping to see USDCAD hold price within the current zone then I will look for a buy opportunity at NY session

Olajireolapoju

Dear Traders, Gold is yet to give us a bearish continuation confirmation. As you can see the up trend is still very valid until we see a close below the lower uptrend in my chart. if that closure happens, then we see Gold at 189x - 1867 as there is a market open Gap at the 1866-1867 zone that is yet to be closed. I will like to see how the daily candle closes...

Olajireolapoju

Dear Traders, From my monthly analysis of Gold, it is only looking bearish but yet to confirm that this metal is ready to sell aggressively until I see closure below the upper Bullish Order block and the Fair-Value-Gap (FVG) right below the zone. There are still plenty of opportunities for buyers and sellers to make intraday profits until this happens. DXY is...

Olajireolapoju

Dear Traders, My bias for GU at market open is bearish. This is because I saw the immediate order block on GU as of Friday violated with a daily closure below the bullish order block which became a bearish breaker block as a result of that violation and then mitigated confirming bearish continuation. Depending on the DXY movement which looks bullish on the...

Olajireolapoju Updated 

Dear Traders, I have been taking time to watch these pair lately and waiting for that full bearish confirmation with happened to with the closure of of 1 hr candle below 2005, which was the beginning of the bullish run we saw to 2067 zone. If the current 4 hr closes below that same zone and confirms a change of character, then we can be sure that Gold is about...

Olajireolapoju

Dear Traders, Based on the W-Pattern I saw on DXY, I think i am seeing bearish pattern loading on GBPUSD but I still require confirmation based on the bullish pin closure on the daily candle observed at the last trading day of the week.

Olajireolapoju

Hello Traders, Looking at Gold, I see the opposite of the DXY but not so clean because of I think we have seen two major fundamentals in the last 1 year (The Russian/Ukraine war & The Silicon Bank Failure) that may have impacted gold. Going by M-Pattern price action Gold is a bit very tricky now, but I will sell Gold massively if I see a closure below the 1819...

Olajireolapoju

Dear Traders, We have seen in few weeks some strong bullish momentum on Gold largely facilitated by the Silicon bank failure which made the probability of Gold making another all time high but could not go past 2048 in the interim. As far as I am concerned, Gold id still very bullish but I think may be due for some level of entrancement. In my opinion, I see...

Olajireolapoju

Dear Traders... Gold has been so bullish since October 2022. I am going to stay neutral to see what price will do but take short trades based on what I see price do in the short run Happy trading

Olajireolapoju

Dear Traders, XAUUSD has shown very strong bullish momentum but started retracing on Monday but has consistently been rejecting 1937 since Tuesday 21/03/2023. This pair broke and close above a major resistance residing at 1966. This actually opened the door for Bullish continuation. With the daily closure above 1966, I will be looking for bullish entry at market open.

Olajireolapoju Updated 

Dear Traders, Patience earlier gave us a whooping 220+ pips earlier today when we waited for the bullish flag identified earlier that took the Gold price to 1937+ after which we saw a pullback to the 1908 -1909 zone and still close above the precious daily high of 1914.69. This actually opened up the possibility of seeing old touch 1959 which was February's...

Olajireolapoju Updated 

Gold looks generally bullish. However, I see an attempt by the bears to end the bullish run. The bullish flag seen here also calls for caution to be a bit more patient with Gold and get validation to sell or buy. Usually best to wait for Bullish Flag failure before attempting to sell. Or wait for breakout above 1914.695 before attempting to buy. Great caution...

Olajireolapoju Updated 

Dear Traders, I believe Gold is still bearish and we my still be seeing 1825. Let's see what gold does today but let's bear in mind today is CPI news and market will get very volatile when the new is out. Trade safely.

Olajireolapoju Updated 

Only a closure below the blue trend line will validate this trade. We need to be careful of Jumping into a sell before the sell-stop setup. Gold may bounce if we don't see bodily closure below the trendline.

Olajireolapoju

Dear Traders, From technical perspective on this pair, I see the possibly of gold testing the 178x zone soon and 172x in the next few days if nothing fundamental changes. I have been on the sell sin 1921 and we may likely see the retest of 1680 which happens to be the breakout point for Gold since October 2022.

Olajireolapoju

With the W-patter that failed to play out in 4 HR time frame, I see the possibility of BTC going straight to the blue zone or retesting the yellow zone and then crash

Olajireolapoju

My bias for Gold today, remains bearish and if that happens, the the sell stop order from 18634 will activate and may go straight to TO with little or no draw-down. I am still waiting for that confirmation which is a HR candle close below the trendline. Trade safely though and apply proper risk management