zero786

zero786

Good economy data, my pullback didn't give the XAUUSD bull run I wanted. :/

zero786

I got some nice little fib runs in this week, many 10-$15 tradesHolding long from 1201. Considering some tension and uncertainty in America(world), the fact that gold tends to do well in the first year of a new president and that the Fed won't raise rates yet. I'm going for the up arrow. Stocks seem tired as well. I'm also looking for dollar to test year low...

zero786

Possibly down to the year low trendline. XAUUSD bullish! Long from $1194

zero786

One year ago this day, Gold was at $1080 levels, we are at $1180, $100 higher. With the dollar near year highs (sound familiar?), and hitting a year high on December 2nd and double topping on December 3rd before Janet Yellen spoke (read her comments, follow link at bottom). Gold hit year low at $1047 and double bottomed on December 17th. Rate hike was on...

zero786

I'm hoping we go up. But we're almost at the top of the channel. But DXY is near top level support around $99.75. I longed at $1214.

zero786

Following the wave patterns from previous touches to the major tendline on the bottom. I think we'll touch twice, before going UP. Which means, told down from here to 1316 maybe lower, then I will long from there. I shorted at 1323 a couple hours ago. A tad premature I could've got in at 1324.5.

zero786

RSI still below the trendline, With DXY showing strong rejection at support and going up, this will look to fall down. It touched trendline here and RSI is dropping. Personally, I shorted at $1329.75. Will will see how low it can go.

zero786

Beautiful morning star candlestick pattern with long rejection candlestick on the 1H. Will look for it to climb up a bit after this rejection. Now sure how much strength this has, could go up for a while.

zero786

A RSI divergence has been forming over the last few hours. We'll see how it plays out soon.

zero786

There is a bullish divergence forming on DXY, and we're also just about to touch the trendline on the bottom side. Look for DXY to bounce up from here.

zero786

DXY to go up at this point or close to it. IMO.

zero786

Evening star candlestick forming on 4H. This will be the fourth bounce off the uppder trendline. We could possible see a large fall after this.

zero786

Gold hitting resistance line around 1355 as DXY hits low of 94.60s. Will most likely reverse and fall at this point, unless CPI data is small and/or housing start data is good. Entered a short, prematurely at $52.5. Will hold until news on CPI data for US at 8:30EST.

zero786

We See lot of sell signals on 4 hour with a large bear engulfing yesterday. We just saw a huge rejection and evening star parttern appear on the 4 hour for today at NYSE open. Dollar is hitting a small ceiling on the 1H ( currently hitting triple top ). It is possibly trying to recover after a downtrend since last Friday's US Non-farm Payroll report. I'm not...

zero786

If we break 1274, possibly down as far as mid 60s; and further if Dollar breaks up past 94.80s. It's very possible 1288 and 1280 will be long gone in that case and gold will fall. It is also very possible that Dollar will come back down short term retesting 92.00. And gold would hit top of channel at 1320s. Market is very uncertain right now. I am short from 1280...

zero786

Following the downward channel, we should see the formation of a bearish pattern over the next couple of hours. Or else we will see the trend reversal that is possible as seen on the Daily Candles and it will breakout.

zero786

Looks like it's close to the top of the downward channel. Candles look bullish in formation, but RSI is heading down.

zero786

See a Bearish Engulfing Candle where the top opens higher than previous candle end and botttom closes lower, which is a strong trend reversal indicator.