Gold is forming bearish manipulation. Until gold stays in the channel my bias will be bearish to the 1990 area. In my opinion, gold will remain stuck between the recent manipulations for a while and perhaps during the NY session or tomorrow we will see a breakout.
In my opinion gold formed one of the reversal patterns last week and the medium term the target is the all time high. We may see some pullbacks, I have marked my buying zones where there is a concentration of previous manipulation. In the last two weeks, NFP and CPI have been very bearish for gold, but every time gold fell, the banks bought. You know what the...
Gold was very tricky on Friday and although the news was extremely bearish for the yellow metal, it bounced back. However, the level at which gold reacted was a very suspicious one and we see that it has almost come back to that level. My view is that gold will continue to fall. The current price action suggests further bearish moves. However, keep your eyes open...
Sooner or later gold should come back to test the marked area. This area has been tested many times and from there I think gold should rise to the upper band of the channel.
I am still bullish and expect gold to stay in the yellow area I have marked. My reaction area is yesterday's daily open. Gold is currently forming a bearish manipulation on the higher time frames, which adds to the possibility of a deeper pullback. The open level from last week should be considered as a possible reaction area. This scenario is still far away, but...
Friday as usual surprised with a good decline on Gold. My bias remain bullish for this week. If the current candle close as strong bullish manipulation, most likely gold will continue up, but if it fails, it will give us better price to buy again. No need to rush it is only Monday and as we already saw markets are not much liquid. The London session will...
Gold has reached an all-time high. I expect it to break and then fall, forming the second swing. Macroeconomics Last week's PCE reading showed lower inflation and instead of gold rising, it fell. The FED is about to pause, or at least that is the expectation at the moment. Unemployment rate is rising, which is bullish for gold. It seems that the banks are...
Gold moved pretty much sideways last week, building up strength to break the October high. The question is not whether the breakout will happen or not, but how deep the retracement will be. Will it be a deep retracement and the start of a choppy price action like last year or not? Top-Down Analysis 3 weeks For now, the price is forming another bullish...
Gold is falling in a tight bearish channel. Until this channel is broken or a new bullish manipulation is formed, gold will remain bearish. CPI could be the trigger. For me, the main trend is bullish and the current decline is just a retracement. The question is when the banks will start buying gold again. Trading carries a high level of risk and can affect...
Next week I expect gold to continue to rise. If you read the analysis to the end, you will see why. Let's start digging deeper into the market. Macroeconomics The FED has paused on interest rates, saying that decisions will be made meeting by meeting. Overall, they are not convinced that policy is restrictive enough to bring inflation down. J.P. also said...
This week will be a very tricky one. My long term bias is still bullish but I am very cautious about the current price and we will see why later. In my opinion it is too high to buy and too bullish to sell. The last few days of the month are very manipulated, so the price could move very strangely. Banks may use the NFP to take profits and create a bearish...
After two strong weeks, gold may slow down, starting with a retracement. The most likely scenario is that the price will go down, break the channel and fool the traders with a false breakout. But the price broke very strong reaction are, which we will observe later. I do not think gold will break the 4H manipulation that I have marked, but most likely it will use...
The banks seem to be buying again. I do not have much to say - just buy when you find a good entry. Macroeconomics I will observe a few reasons why gold has been very aggressive. - The Fed has become a bit dovish because of the war. The probability that they will pause again is 94%. - The NFP showed that a lot of new jobs were created, but if we dig...
Although the NFP was very bearish for gold, the metal rallied. The banks used the news to manipulate the price. My bias for next week is bullish ( at least for a while) and I have already marked the reaction areas. Let's dive in and do a full analysis. Macroeconomics The general expectation is for one more rate hike this year. One FED member said last week...
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After the fiasco of the 800 pip drop last week (which we caught), we may see a pullback this week. Overall, my bias is still bearish, but gold is approaching an old manipulation area where it could bounce. Let us dig even deeper! Macroeconomics FED Nothing has changed from last week. The hawkish FED was the catalyst for the appr. 100 dollar drop in gold....
It will not be an easy week as gold is back in range. It has already formed inside bars on higher time frames. As this is the last week of the month, I do not think it will break the consolidation. The FOMC has left a liquidity gap and gold is likely to fill it before moving in any direction. The analysis below shows that despite the hawkish FED, gold still has...