I am looking for a continuation on Gold(W1). You can look at my previous gold ideas. I expect gold to bounce on 2300 psychological level for a big short term target of 2350. Fed announced today that inflation not in control again, gold can pursue it's path up. We also have a lowering yield on 10Y.
We have an EWT pattern going on. We are getting closer to the end of wave #4 for the final push. We are consolidation and I expect the lowest point to be touch with NFP. It is still a good entry if wide stop loss. On the fundamental side, we are still in a world where inflation is not stable yet, wich will weaken USD
You can visit my previous idea on gold, everything seems to converge to a real rally. A well respected channel on weekly TF has been broken again. Potential target of 2360, where we meet the 161.8% fib.
With the USD rate cut incoming. I expect gold to push it around 2400 this year. We can see an eliott wave pattern (triangle contraction) that was preparing the up move. On the short term, we will need a retracement to pursue the move. I will keep my eyes open on the fundamentals.
Institutions will TP around 2150. A good sell can be done here with great RR. My TP will be around 2080 and sl around 2160. We are at the high of the first wave. Retracement incoming. For more info, dm me
MoM getting lost. we need to retrace to follow proper market behavior. 3 RR
With the push of today, we might change our bias to buy. The fed pointed out there are still some work to do on inflation. Economy has not yet recover and Gold should push higher
We have two important psychological level coming(39k,41k) which coincide with a weekly Fibonacci retracement. I will attempt both opportunities when they will come. The hype will slowly stop.
We are still above the important MA. USD weak because of prossible rate cut and recession. Lets ride the momentum
Stucked between 2 important MA. We could see a fake move up to catch the liquid zone and then see a bearish institutional move. Good RR. Usd is not really getting better economically until we see good data.
Liquidity zone. Possible fake out of the Head and Shoulders patterns then come back down. Stronger than expected labor data and Inflation. RR 2:1 approx.
Classic pattern in the industry. I expect a good sell on the previous daily high. we have a RR of 2.3 We finished 1-2-3-4-5 wave and now we retrace for A
We are coming to the 113% fib level. we have a big liquidity box. institutions will need to reach it and then price will be able to fall down. Great potential and grat RR
Gold being driven by interest rate and technical analysis since fundamental is flat. We have a big zone of liquidity to grab before continuation towards the 100% fib level (1784).
On the technical anaysis it just grabbed an important liquidity zone and BTC is able to go back down to 23000
Sell on XAUUSD. Rates are high, The job market is doing great. ISM Is high. USD is still prospering in the economy.
Strong Uptrend, Nice retracement toward the H1 EMA. Technical pattern that happens a lot may presents itself. Stron ISM and CAD will not increase rate.
GJ is currently on the 0.38 fig retracement level. JPY is bringing bac stimulis in the conomy wich will make it stronger it the next weeks. We have a beautiful cross between the EMA and we might bounce on it.