drsyizz

drsyizz

Hi Guys, Been a while i haven't posted my idea. Looking at D1, we can see that the long awaited Bull Flag is coming. Expect gold to do some correction down to 1440 before flying up to 1500. However, with current uncertainties in the trade deal between US-China, Gold might climb straight up. Price ranging between 1450-1470 can be expected this week. My strategy...

drsyizz

Hi Guys, Based on D1, we have started a new cycle of BULLISH run towards the upper trend line at 1504. Where if it breaks, further run to the upside is possible. Failure to break 1504 will trigger a downward move. Looking at H4, a cup and handle has been formed, thus we expect a move higher today. In H1, I've marked few resistance and support to...

drsyizz

Hi Guys, My outlook for next week... Looking at D1, paired with RSI, Gold likely to begin reversal upwards, possible completing the bullish flag pattern as mentioned previously... Looking at H4, possible double bottom pattern, which might push Gold upwards... Looking at H1, a spinning top has formed at the bottom, which might indicate a sideways or...

drsyizz

Hi Guys, Congrats to those following my idea yesterday. Profited at 1494. Today, gold might go down to 1487/1488 before going up to 1494 and then 1505. My trade idea, 1. Buy Limit at 1488 with TP at 1494. 2. Buy Limit at 1488 with TP 1505 (Maybe swing 2 days) 3. Buy Limit at 1480 with TP 1510 (Long term) All the Best!

drsyizz

Hi Guys, Big win yesterday for those who follow my analysis. Thanks to Allah. As for today, looking at D1, gold still has the possibility to reach 1479 as immediate support, where if it break gold might touch the bottom trend line. Do bear in mind that this is a BULL FLAG in the making, where at this point gold can drop down a little more before spike up, or it...

drsyizz

Hi Guys, Been busy lately, here's my analysis... Based on D1, we can see a major rejection at the upper trendline. Thus, Gold is due to fall down to 1440 (long term) for correction within the flag pattern. Looking at H4, the downside prevails, with immediate support to break at 1506. A break below 1500 will trigger more downward push to 1485. Tonight ISM...

drsyizz

Hi Guys, Yesterday gold move up as expected to reach the top trend line, today we expect gold to reverse back after failing to break the upper trend. Details on chart.

drsyizz

Hi Guys, Looking at H4, Gold might test 1480 again before going up to 1508. A good BUY LIMIT PO will be at 1480 with TP at 1508. A break below 1480 might lead to 1462. A good SELL STOP PO will be at 1477 with TP 1462. Based on D1, Gold almost complete the Bullish pennant setup. It might test the lower line at 1448 then push up. However, it's also likely...

drsyizz

Hi Guys, Yesterday gold moved down as expected from previous analysis. Looking at D1, we can see that there are still room for downtrend until gold reach 1448 price at the lower trendline. Looking at H4, gold yet to test the support (green line) with target of 1475 today... My bias for today is SHORT, with target 1475...

drsyizz

Hi Guys, Next week is interesting. Based on the DAILY chart, we can see a complete formation "Bearish Doji Star", which gives us a bearish sign... Looking at H1, the bearish movement has started last friday and i expect the price will test the 1500 level with a target 1480/1460... My bias is BEARISH... Wait for market to open to further analyze...

drsyizz

Hi Guys, Finally gold touches the upper trend line yesterday... Thanks to poor US data, gold topped at 1504 level as expected... This level is crucial, would expect gold to rebound to 1480 or lower if we see a clear rejection at current level... Since yesterday, seems like bull got rejected and in order to break up, another fresh kick is needed... To the downside...

drsyizz

Hi Guys, Yesterday Gold did a good bull run thanks to Brexit... Looking at Daily and H4 chart, Gold might move up to 1501 and then drop to 1472... If we focus on H1, the possible movement is downwards as Gold tested the resistance 1494 yesterday and failed few times. Hence, a move downward is more possible.

drsyizz

Hi Guys, Good trade yesterday.. Gold spike up to test the 1494 and then fall to test the support at 1480 (almost touch it).. As for today, referring to the H4 and H1 chart below, we can see that gold is reaching the bottom line of the pennant shape, where it might break and continue down it may reverse back to test the upper resistance... Looking at the...

drsyizz

Hi Guys, Based on first chart, we can see that gold still within the pennant shape, where it might touch 1478 before breaking upwards. Supported by the H1, and H4 chart, gold is likely to go down first to 1478 before spiking up to test the upper resistance. But, based on the market sentiment and news, we might see gold move lower due to higher chance of...

drsyizz

Hi Guys, May all have a great trade yesterday... As for today, refering to the chart below (H4), I can see that gold is making a bullish pennant pattern... A break above or below the orange line will drive further movement... Looking at the H1 chart, gold still hovering around the mid point (1495) even with crazy movement yesterday... At this point,...

drsyizz

Hi Guys, Gold tested the support yesterday at 1477 but failed twice. Thus, gold climb up (with help with poor US data) but stalled at 1490. Gold might go up to 1498 and drop down. However, looking at yesterday behavior, we might see that gold drop down to test 1477 again. A break of 1477 will lead to the ultimate target of 1460. Major trend still bearish. Good Luck!!

drsyizz

Hi Guys, Congratulations to those holding short yesterday. Can close now for profit or keep for swing to 1460. As for today, we might see gold climb to 1499 to test resistance before fall off to 1460. Looking at H4, major trend is still down trend. Target re-entry sell at 1499 or any pullback with target TP 1460.

drsyizz Updated 

Hi Guys, As mentioned yesterday, gold might go up to test the resistance and it did broke up to fibo 78.6%. Later it fall back to current level at 1492. Today all market is open, hope for a good volatility. My bias still short for gold until 1460 before we buy again. H1 and H4 showing signs for bearish. However, in current uncertainties in market due to trade war...