adamwoods

adamwoods

Breakdown: We can see price created equal highs and equal lows, there was then an impulsive price movement to the upside which has broken several pieces of structure as well as sweeping much of the sell-side liquidity (x). The movement has left behind many price inefficiencies, calling for price to fill them. Next, I've moved to a lower time frame to further...

adamwoods

MY PREDICTION FOR GOLD: In short: Once the client sentiment settles down a little, I predict gold will begin its steady ascent to around the 1920 mark, before its fall to 1460 in the months to come. With COVID restrictions easing across the globe, the rollout of the vaccine and life beginning to see a road back to “normality”, the price of gold has been on a...

adamwoods

Price has formed a bullish pennant pattern on the daily chart, starting back in March. I'm using the 3rd touch=breakout rule to judge where price is likely to break out. With the addition of a support level through the middle of the formation, this helped me realise that price would NOT break out to the downside on the third touch, leading me to believe price...