Over the last few weeks we have seen gold decline after hitting strong resistance/supply at around 1830, following FOMC minutes, which was less a than anticipated result, gold spiked to find some liquidity around 1787 and crashed again finding support around 1737 area and resting the week on a weekly support around 1750.
We find that gold has had a...
Today we find gold sitting on a strong resistance area, having formed a rising wedge and completing wave E/5.
Gold has formed a bearish divergence on 4h chart as well as considered slightly oversold.
MACD is also showing bearish divergence and is showing down pressure.
Targets are set on chart.
FOMC is this month and expectation is for FED to...
We have broken structure of accumulation and have formed a SOS (sign of strength) as well as strong LPS (last point of supply) at 1800-1795.
Based off the cause and effect of the accumulation, the calculation using the PnF chart as seen below gives us a target area of 1920 - 1955.
We have had high volume...
See above schematic of thought market movement - this could be exact, it could happen at different times or it could be completely wrong.
Please trade with caution.
We are expecting a retrace after breaking the downward trendline to 1768, which is the golden 618 Fibonacci Retracement from 1750 - 1795.
If we hit the 1740 spring and touch the May...
We have a rising wedge on AUD/USD 1D chart as well as possible distribution playing with the break of the wedge.
I have marked out entry points as well as SL and TP1, 2 and 3.
This would be a 1:9 trade if the SL is kept in tact.
it is important to note that the market could revers to 76662 or 7627 before starting its downward movement to the...
I hope everyone banked some profits from my previous analyse (Gold Wyckoff) - Where we saw more than 1000 pips profit.
Gold has rallied massively to the downside following FOMC to 176x which is around the 618FIB retracement as well as a strong support zone (sitting on a previous support which could lead to a potential H&S pattern on weekly).
After a massive drop due to FOMC and the rise in DXY gold seems to have found a base at the 618 FIB retracement level as well as previous shoulder support as seen in the chart analysis.
My expectations are for gold to rise to the targeted areas.
This is obviously not a quick trade and will take some time however good profit potential can be...
As you can see from the above chart we are in the final leg of the impulse into the target objective from the accumulation that took place, as shown.
We have touched the TL and have formed a wedge, if we touch the wedge we will await PA to determine a TP or add for the upward movement into the final target area.
CPI tomorrow will determine this....
This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown.
We have hit our target area for gold as shown and stipulated.
Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution...
Wyckoff distribution forming on daily chart.
I was asked to do this analysis, however, I do not trade BTC and have not been watching the market and its price action.
Please take into consideration that I do not know how this market reacts hence the various scenarios I have given at the end of this video.
Elon's tweets could make things happen very...
Just another video showing you my thoughts on the current PA and what my sentiments as well as targets are.
1850 - 1855 will be a key area to watch as well as 1832.
This is not financial advice.
Gold creating distribution on 4H chart.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are...