GoldEW

GoldEW

Wyckoff Distribution needs to retest LPSY, and there is unmitigated Bearish Order Block.

GoldEW

GBPUSD is still in the Downtrend, expecting price will retrace at POI (Bearish OB)

GoldEW

Bearish Expanding Triangle (a-b-c-d-e) Irregular Variation Case 1. Bearish move ending (e) at 1861-1862 for target 1741 - 1742 at the moment, I am following the price is at 2 of C on H4, the price should be able to hold at 1844 level. Invalidation if the price goes beyond 1862 For educational purpose only!

GoldEW Updated 

Gold H1 EW counts Correction in 4th wave a-b-c assuming the price will finish at around 1801-1802 of c of 4th, then continue down to 5th at Dz 1777-1766

GoldEW

US30 finished the correction of 4th wave abc at around 35,000 which is aligned with support zone, looking for opportunities to buy back for ATH.

GoldEW

EURUSD tested Resistance zone, expecting for sell to test the trendline in the following week.

GoldEW

DXY in 30min TF is retrace for WAVE 4 before complete at around Wave 5 @92 - 91.900

GoldEW

GBPUSD broke neckline, expecting one push up and back to retest neckline for inverted H&S

GoldEW

Gold will possibly retest at 1806 Trendline which is the breakout point from last week (weekly High). Stop loss 1799-1797 For this week target profit @1831-1834 Note: this is not a signal, just a possible trade setups. All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio. *...

GoldEW

Sell @150.500 Target 144.00 Stop Loss 153.400 Note: this is not a signal, just a possible trade setups. All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio. * Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you...

GoldEW

Looking at the pull back to retest support trendling @0.72700-0.72800 Targer Profit 0.73800 Stop Loss at previous weekly low @0.72450 Note: this is not a signal, just a possible trade setups. All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio. * Where are you placing your...

GoldEW Updated 

The support is a solid structure that would be expected to hold and drive the price through the near term resistance. If the structure gives out, there is a compelling case for the downside to retest a more reliable area of demand. From a 4-hour perspective, Momentum is with the bears, and the price is pressured below the 21-EMA, but an upside correction to retest...

GoldEW

Another ZigZag ABC up to resistance trendline at around 1787 -1806 for complete Daily 4th correction, then will finish 5th at 1640 Buy opportunities next 1705- 1709 (B) and Sell (138.2%) 1787 - 1806 Target for 5th wave 1640

GoldEW

Gold fails to keep Thursday’s bounce, refreshes intraday low. Downbeat momentum, extended trading below 200-SMA suggest confirmation of bearish chart pattern is on the way. 100-SMA adds to the downside filters, monthly top offers extra resistance. Gold drops to the fresh intraday low around $1,726, down 0.05% on a day, during early Friday. In doing so, the yellow...

GoldEW

Technical Overview The EUR/USD pair is consolidating below the 200 DMA, for the second day in a row. The euro hit a new low at 1.1759. The area around 1.1750/60 is a strong support that could help the euro alleviate the bearish pressure. Still, no signs of a correction are seen. According to the 4-hour chart, the risk is skewed to the downside. Still, with RSI...

GoldEW

Gold is currently stuck at a cross-road consisting of a downtrend line from early January and a near-term uptrend line from earlier in the month. The price action since the monthly low has been a choppy grind higher, which hints at the notion that it is a corrective play within the context of a downtrend. If this is the case, then a move lower should begin soon....

GoldEW

Gold is forming an ABC non-standard small x wave (Invalidation level at 1700) Support for 100% of x wave is at 1709-1710 Resistance 1763

GoldEW

The American dollar eased heading into the weekly close against most major rivals, although retained its dominant strength. US Treasury yields provided support to the greenback, reaching fresh one-year highs. The bond market volatility is expected to continue leading the way this week. Wall Street closed mixed on Friday, with the DJIA and the S&P reaching...