FX_TradeGenie

FX_TradeGenie Updated 

Hi all, thought I would put out a quick idea I have been looking into. Whilst I usually work with price action and pivot levels today I have noticed a few things that I think support a solid foundation to trade off. I personally feel it is very important to have reason for you trading and not just have arrows gambling a direction. Technical: Elliot wave theory...

FX_TradeGenie Updated 

Helloo traders! Hopefully following last weeks successful trades, we all had a rested weekend. Whilst I hold a bullish bias, it's not recommended to buy the top ;). As most probably are aware the news in Russia caused the price to rise on Friday and will continue to help drive the price of gold. Although I would like to see a continuation, I believe today we...

FX_TradeGenie Updated 

Continuing from last weeks analysis. Wave E is currently on track (reference last weeks chart for an overview). Highlighted in red we can see that we have hit a strong resistance point. And expect some short term sells to 1817. If broken we could expect at least 1810 based on drawn fib. However given how gold is holding and fundamental data I am expecting 1840 by...

FX_TradeGenie

And I'm back! Happy new year and all that stuff. After yesterdays break I thought it was time to post again and get started for the new year. With the break of 1830 I stand with a bullish bias. Technical: I broke my analysis into 3 scenarios and highlighted new support and resistance with comments on the chart. Green - 1st scenario, where it continues to go...

FX_TradeGenie Updated 

Hello gold diggers! An interesting week where I hope you made some profit. With the spike last week i believe that we will experience some downside before we start to creep past 1815. As banks will try and booost the economy as much possible berfore printing money, i believe we will head towards 1785 if we can break the 1796 area. From i hope to continue in the...

FX_TradeGenie

Good morning all! Hope everyone had a rested weekend after CPI news. So after a week of decline we saw CPI provide a nice pump back into the 1780 region. If during todays London session we continue up, we can look to see resistance at around 1795. If this is rejected I would expect to drop back to 1770, and if this critical resistance is broken we can expect a...

FX_TradeGenie Updated 

Good morning traders, Last couple of days have been a little slow ranging around 1780. Whilst we didn't go as low as I was expecting I believe we have established some confirmations. As you can see we have begun to break out of the down trend channel for the month. Whilst I was thinking it was just peaking above the channel we can see the formation of a head and...

FX_TradeGenie

Hello gold diggers! Gold has pushed slightly above the current trading channel and is now in the middle of two fib levels 0.382 and 0.5. Whilst I look forward to a bullish breakout, I think we still have a little bit of time before this happens and a few more levels to break before a bullish trend is set. I would personally like to see a big push past 1800 to...

FX_TradeGenie

Another day another dollar. Yesterday we had some nice movements with further confirmation of a bearish continuation. After our Asian market open we can see some retracement after yesterdays moves. We could see a further confirmation in London open. If 1780 is held, I would look for Short entries with a tp1 of 1764 and tp2 of 1750. Non-farm payrolls, is due...

FX_TradeGenie

Waiting phase with a big move on the way. Minimal movement yesterday. I managed to put in a small trade from 1778 - 1788. Stayed away from news, as range was very choppy. Currently we are in a channel down. If we can break the support at 1770 we can then expect more down movement. With US November non-farm payrolls due, we could expect a hint of direction....

FX_TradeGenie

man.. a big day yesterday. I hope everyone managed to keep an eye on yesterdays PA and got some $'s out of it. Looking at the last month, we are still respecting the current down trend (green line). Whilst I can see the beginning of an upwards trend with bullish RSI divergence and ATR confirmation we really need to break resistance 1 and 2 before we see any...

FX_TradeGenie Updated 

Hi all, Last night we saw a bounce off resistance at 1782 after our slight decline from 1799 If we are unable to break todays trendline at 1799 we can be looking at testing 1770. I would be looking for buys at around 1800 and holding if we can break 1812-14 to be hitting next resistance at 1845. As always good luck!

FX_TradeGenie Updated 

Happy Monday, Another quick analysis for gold to start the week. Strong short RSI divergence spotted on Friday on the 30 min timeframe. ATR providing confirmation of downtrend. Sydney time opened with a low of 1769. Whilst we are in an upward channel atm, we could expect a retest of 1770. Wait for rejection of support of 1804. SL - 1810 Sell @ 1802-1 TP1 -...

FX_TradeGenie Updated 

G'day! Just quick technical analysis for gold which, looks promising to me. RSI divergence triggered on the 23rd with confirmation from ATR to go long. If we can break resistance at 1794-5 I believe we can see a continuation of a long with a possibility of reaching 1846. We can see strong support at 1782-4 which respects monthly low trend. SL - 1779 Buy @...

FX_TradeGenie Updated 

Hello traders! Ranging in the higher end of an ascending channel, where we can see a bullish triangle pattern form. With 1865 held yesterday it is likely to push up. If we can break to the upside we can expect to run long on Gold! Along the rising support line If levels push below triangle trend line be cautious as we could then see price movement head...

FX_TradeGenie Updated 

Hi guys, Gold continues to trade within the ascending channel of the 4-hour chart. XAU/USD has been consolidating since the end of last week as prices struggled clearing the 1800 – 1808 inflection zone. A breakout under the channel exposes the 100-period SMA, which could pivot prices back higher. Clearing the inflection zone exposes the September high at...

FX_TradeGenie Updated 

Structure: Downtrend. Downtrend was broken at 1760 by a strong upward move. We could expect prices to return and confirm the uptrend with a rice at around 1740, then we can look for short-term buy orders. Target 1770 and 1785.

FX_TradeGenie Updated 

Visible down trend.TP 1750 and if breaks will hold till 1720.