Olajireolapoju

Olajireolapoju Updated 

Gold is due for some minor correction and has a high probability of getting to the 1960-1962 zone before correction. or drop from any moment. However, With Closure above 1966, will be looking toward a major sell-off from 1979-182 zone Trade safely and apply proper risk management.

Olajireolapoju Updated 

Dear Traders, Gold continued its uptrend on the 26th of January 2023 and but could not go past 1949.1 and then gave convincing double top in 4hr time frame and later close below the previous daily high of 1942.4, that gave me the confirmation I needed to sell at a retest of 1742-1744 zone and we exited the trade at 1922, where my buy trade set up activated with...

Olajireolapoju

Dear Trader, Plenty of untapped Liquidity where I circled in blank ink. A smart Trader should not see that and still be attempting trade even when it looks like wanting to go in our direction. Play safe and wait or risk selling with tight SL. The TP area I am seeing in the first instance is the 1911-1912 area. Trade carefully

Olajireolapoju Updated 

Gold may be attempting to close the imbalance up to 1935 and reject to sell to 19013-1902 zone or break the resistance and by to 1942-1945 zone. I ma still waiting for my buy or sell signal.

Olajireolapoju

Dear Traders, This is why it is always safer not to always trade in-between on major resistance and support on Gold. a break of Major support and resistance is always massive especially during New Your session when there is usually a lot of liquidity in the market. The sell_stop Setup Activated and and has done about 80 pips now. Congratulations to those that...

Olajireolapoju

Though I still have a bullish bias for Gold but I am still going to be patient and wait for confirmation whilst keeping my mid open for any bearish sign to sell. A lot of traders loose money because of lack of patience and sometimes fear though. I see a W-Pattern formation on that has already played out in 30 minutes time-France which took gold price to above...

Olajireolapoju

I see three possible scenarios for BTC. There is a potential W-Patter formation that may play out but we could not get confirmation from the last daily candle. if today's candle closes above the order the bearish order block, then that may be the confirmation needed to look for potential areas for a bullish run and my immediate entry zone would be $19,444 zone....

Olajireolapoju

Dear Traders, From the price action I am see on EURUSD 4HR, this pair may be ready for a sell back to the bullish break out point and i sincerely have bearish on this pair for as it may be due for some reasonable correction . However, with a 15 mins candle close above 1.2245 i will be careul about selling. and we might see this pair get bullish to the next...

Olajireolapoju

Dear Traders, With SL at 1925, we may be to sell gold to 1895 fro 1920. We will keep monitoring any possible closure below 1833 next week for possible Gold reversal Let's see what happens at market open next week. Trade carefully and apply proper risk management

Olajireolapoju Updated 

Dear Traders, Haven see Gold hit 1879 based on my weekly analysis of the metal in October 2022, it still appears the pair is not ready for a major fall yet. I would like to see Gold break below 1820 for to check for possible reversal or see gold break 1920 for a double top possibility before reversal. I am currently neutral until i see how tomorrow daily candle...

Olajireolapoju

Dear Traders, We may just be approaching that 1875 zone for a sell. I am going to wait to see how the news play out today. With a break of 1860, then 1875-1879 zone may be an initial sell entry. I am definitely going to wait for the new to see what happens with the news Trade carefully and watch out for price action. Have fun

Olajireolapoju Updated 

High Trader, In the current Gold situation, price action is telling me with the three consecutive weekly rejection and closure below the previous support and resistance that gold is not ready to buy on the weekly. Make it simple and wait for a bodily close above the yellow zone then go to lower time frame and do the same thing. However, whilst you are waiting on...

Olajireolapoju

Dear Traders, Simple 4-HR price action tells me that gold is still bullish for now and a closure above the previous high of 1824.5 zone will confirm a bullish continuation after today's daily candle closure. This might just open the gate for 1875-1878 zone but would like to see how price will react to the next key level at 1833-1841 area. This zone looks like...

Olajireolapoju Updated 

Dear Traders, I am a bit neutral today though I'm still a bit skewed towards bearish as gold seem to have been consolidating and may be a bit to jump into new sell trades as I believe we need to wait for confirmation. If gold is serious about continuing the bearish trend today, then it need to break the bluish zone on my chart. If Gold breaks the trend line to...

Olajireolapoju

HI Traders, Whilst keeping my Bullish bias until after NFP today, I see two possible scenarios depending on the news. There are a number of news for the US. Average Hourly Rate, Non-Farm Payroll (NFP) and the unemployment rate. These are three major economic indicators. if the three turns out negative, i will be very near 100% probability for a bullish gold....

Olajireolapoju Updated 

Dear Traders, With a combination of a confirmed bullish flag based on the 4 Hour closure above the flag and a potential W-Pattern formation.... I strong feel Gold is set to bull to the 1800 zone if tit breaks 1787 zone. My strong Bullish Bias for this pair in the interim to 1807 still stands. Trade carefully and apply proper risk management. Regards

Olajireolapoju

i see the Bull hiding in 15 mins chart with Bullish flag. They seem tired on the surface but i see a retest of 1780 any moment before minor retracement.

Olajireolapoju

Dear Traders, It is always good to pay attention to the bigger picture when analyzing the lower time frame. I share my idea on the possibility of gold testing the 1800 zone some fews back just as soon as the the weekly down trend line was broken and all of the preceding bearish order blocks have been broken with the exception of the 1800 bearish order block, is...