SteadyFund

SteadyFund

Gold can do anything right now. I am not trading breakout. There are a lot of stop loss hunters. I will keep close at those two tread lines. Engage trades when not broken.

SteadyFund

All structure lines have been broken. Sell from 2375 region. Targeting 2329

SteadyFund

Beware of the triple top formation for Silver. It's possible Gold will have a huge drop today. But in regards of current war tension, it's better to trade in range today. Buy: 2365 Sell: 2398 Do not hold trade overnight. Market is not normal these days.

SteadyFund

Gold has survived 2325 support and closed with strong daily bullish candle. And it also broke 2365 resistance. Looking at lower timeframe. Gold should retrace to bullish trend line which is from 2355-2365 level. Then we can buy from there. Will only engage buying order today. Reminder to all and myself: Patience is the key! There is always chance in...

SteadyFund

From Monthly comparison with 2008-2010 period, they have similar structures. Gold should close this month with positive candle and follow by a negative one next month. Then it will retest previous resistance turning into support. Weekly comparison, we should see a red candle in the coming week. But there is another possibility in consideration of current...

SteadyFund

Bulls took over again yesterday. They have no sign of slowing down. Today's strategy is still buying. Expecting another ATH today. But I will wait until 2352 pivot point get touched. Remember today is Friday. Market will fluctuate a lot.

SteadyFund

Gold behaved almost according to what I predicted yesterday, but it didn't trigger my selling limit at 2364. I was able to catch the ride when it retraced to 2350. Today we can sell from 50% retrace at 2339 and targeting 2309.

SteadyFund

Gold indeed form a hourly double top at 3358-3365. Today before CPI data release, we can trade range. Support: 3343.5-3346.5 Resistance: 3362-3365 We should see serious correction after today's session.

SteadyFund

Daily candle was closed on positive note. Another ATH was reached during Asian session. After that, Gold was kind of consolidating from 2322-2342. 5th wave should end pretty soon. Buying needs to be cautious. Monitoring closely at 4hourly timeframe for possible rising wedge formation. Once formed, we could see price correction until 2300 first. If not formed,...

SteadyFund

Bullish for today. Gold has retraced to 2300-2305.8 level. Buy toward 2350.

SteadyFund

Elliot Wave Analysis Currently gold is at the 5th leg of the 3rd wave. This 3rd wave should at least extend to 2358.8 before some consolidation. The final wave (5th wave) should be reached anytime before Jun the next interest rate cut. Once interest rate cut happens, we should see a few months' correction. Trade with caution. Fund security is No 1 priority.

SteadyFund

Today is NFP day. Market will be very volatile during US session. Before that, there should be some trading opportunities. Yesterday daily bearish signal is not strong enough. There could be one final push up to complete 12345 wave pattern before serious correction. Try trading ranges today. Support: 2282-2284 Resistance: 2300-2304 I will look for patterns in...

SteadyFund

Gold did not retest 50% retrace yesterday. It may not do so today. But take note of the trend line, which was tested three times. Bullish is still strong. In such situation, short is not advised. Try to buy from 2283-2287 level.

SteadyFund

Bulls are very strong. Do not try to trade short. You may be left out without ceiling.

SteadyFund

Gold is strongly bullish. Do not take short trades. I will closely monitor lower timeframe for any trading opportunities.

SteadyFund

Gold is strongly bullish. Short should be traded cautiously. Could be no chance of pull back. Will closely monitor lower timeframe for trading signals.

SteadyFund

Remember it's month end. Market will be volatile. Expect huge move up for Gold.

SteadyFund

Watch out for the key resistance and support line. Trade only when broken or supportive patterns are formed.