What happened today?
We had an imbalance to be filled from November 19th when price dropped aggresively towards @152.600 area. Price started to bounce back and to begin grabbing liquidity at 50% imbalance. Price ranged the rest of the afternoon of Friday. Today volume entered the market, grabbed sell side liquidity then NY and NYSE session volume pushed price to...
Outlook for next week maintains bullish after nice correction of last week's bearish push to the downside. Bullish market structure on HTF has still not been broken, buyers keep creating new highs and reaping profits to better demand areas so the trend can continue without any shortfalls. We can expect price to pullback to the following areas before continuing its...
We have been playing the corrective bullish market sentiment since EOM June by taking advantage of bullish momentum. We have fallen again inside the previous OB (Order Block) created at the beginning of the month between 1795 KL and 1812.500 KL and I believe it is to position itself for the next impulsive move the market might have this upcoming week for EOM +...
Due to Retail Sales having positive data on Friday, we witnessed a supply of Gold where buyers exited positions at intraday Highs and starting profit-taking, also sellers jumping in to ride the data towards previous 1812.500 KL. There appears to be some seller's exhaustion at the 1812.500 KL, but we will have to wait and see HTF candle closures above the KL to...
We have been continuing to see buyers print new highs and take profits at those newly created intraday highs to then watch the pullbacks which still respect BMS (Bullish Market Structure) on HTF. Taking into consideration that tomorrow we have Retail Sales Data + EOW (End of Week) since we usually see market corrections on Friday's for whales to better position...
What I am expecting for this upcoming week is the following regarding Gold:
Technicals:
(Buys)
- Potential re-test of 1803 KPL where if price fails to break I will be executing HRHR (High Risk/ High Rewards) Buys to push up towards previous highs at 1812.500 . Being 1803 an AOI (Area of Interest) I will only watch live price action at 1803 on the 1-minute...
GJ has no intentions fundamentally to change it's very bullish trend. It has been carefully following bull market structure without breaking it nor even being close to break. There would need to be a large fundamental catalyst in order to break bull market structure and look for sells.
In my analysis I see only buying opportunites once I see liquidity grabs at...
Hello,
We are approaching a fundamental rally between tomorrow and Friday with the following economic events:
ADP (Automatic Data Processing) Non-Farm Employment - Expecting bad numbers
Unemployment Claims - Expecting bad numbers
PMI - Expecting good numbers
Average Hourly Earnings - Expecting bad numbers
NFP - Expecting good numbers
Unemployment Rate -...
Continuing the strong bullish momentum Gold has had the past few weeks we can expect a pullback towards the mentioned areas where we can take High Risk High Rewards buys and squeeze a good amount of pips. The pullbacks will have to do with EOM profit taking looking at it from a Fundamental perspective so that Gold can setup to continue it's trend in June. Price...
