joetheng

joetheng

Yesterday (13th Oct 2022) Gold couldn't breakout Resistance 1681 and price has went down to sideway area. Today, as we can see the chart, there are two scenarios: Scenario A: Price will going down to Demand Zone #4 and there is possibility will continue to demand zone #5 if the price breakout demand zone #4 Scenario B: If price can breakout the Strong Resistance...

joetheng

We are waiting for the confirmation. If price breakdown Demand #3 then Scenario A might happen or else price going up to Resistance 1681 and if breakout Resistance, then wil continue up until Supply #1 @ 1695 - 1700. I will update later in this idea. Thank you. Good luck and have a nice trade. /MJ

joetheng

After touch Demand Zone #2, Gold will try to do the correction to the Supply Zone #1. TP #1 1690 TP #2 1700 TP #3 1712

joetheng

DXY still Strong Uptrend with 3 CandleS Daily Strong Bullish. If price breakOUT Supply Zone, then DXY will continue up until 116 as Target #1. As we know The Fed will continue raise the interest on 3rd Nov 2022, I will update the DXY Daily Chart to you periodically.

joetheng

Monday (10th Oct 22) we are looking for SELL trade opportunity and if price hit the Supply Zone then we can try to entry SELL with the Stop Loss #1 (remember always using Money Management and Disclaimer On) and set the Target Profit #1. If the price breakout the Demand Zone #1 and then next target is price will continue its decline to the Demand Zone #2. Trade...

joetheng

GBPUSD Daily = Downtrend. Cable ( GBPUSD ) is in the Supply Zone , most likely will going down turn to Demand Zone (1.07650 - 1.0888). I prefer Short / Sell entry in Supply Zone (we should find the smallest Supply Zone for Sharp / Sniper Entry) with Stop Loss @ 1.7700 and TP #1 = 1.1220 & TP #2 = 1.0900 (Swing Trading).

joetheng

Looking for the Monthly Chart, I believe GOLD will going down again to continue the bearish pattern with first target is 1590 then price will do the correction up after that will continue down until 1525 - 1530 as final target then that will be the lowest price of GOLD in 2022.