Mihai_Iacob

Mihai_Iacob

In yesterday’s analysis, I mentioned that due to Monday’s daily Pin Bar, I closed my short trade on Gold around break-even and decided to wait for more confirmation. Unfortunately, that wasn't the best decision. The price failed to break above resistance for a bullish continuation and instead dropped sharply, closing the day exactly at the 3300 figure. At the...

Mihai_Iacob

📈 What happened yesterday on Gold (XAU/USD)? Gold had a tricky session – during the early hours it dipped just below 3300, testing support. But by the New York session, bulls stepped in strongly, pushing price back up and closing near the daily highs. The result? A strong daily Pin Bar with a long tail, signaling possible bullish...

Mihai_Iacob

1. What happened yesterday As expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340. ________________________________________ 2. The key question today Is this just a correction in a bearish trend, or the start of...

Mihai_Iacob

1. What happened recently After the massive selloff in early April, Silver (XAGUSD) reversed aggressively — gaining nearly 10,000 pips and breaking into multi-decade highs near 38. That kind of move is not noise. It’s power. The month of June brought consolidation, with price slowly correcting and stabilizing. But this doesn’t look like distribution — it looks...

Mihai_Iacob

1. What happened last week As you know, I’ve been bearish on Gold all last week long. Even though the geopolitical situation in the Middle East escalated over the weekend, the fact that price couldn’t reclaim the 3400 resistance was a major red flag. It showed us that the bullish sentiment was fragile, and that downside pressure is just around the corner. And...

Mihai_Iacob Updated 

In yesterday’s analysis, I pointed out that despite the weekend escalation in the middle-east, which triggered a gap up in Gold, the price action didn’t confirm the fear narrative. Gold failed to hold its gains – a clear sign of weakness. 📌 What happened next? Throughout the day, Gold attempted multiple pushes toward 3400 – but each effort was met with strong...

Mihai_Iacob Updated 

As highlighted in Friday’s analysis, the daily and short-term charts remain messy, but the weekly chart is leaning clearly bearish – with a potential Dark Cloud Cover candlestick formation now confirmed. 🌍 Geopolitical Gap Up... and Quick Rejection Monday’s Asian open brought a gap up, triggered by renewed tensions in the Middle East. But price failed to break...

Mihai_Iacob

After Monday’s correction, Gold continued lower – but the drop has been extremely choppy, making swing trading nearly impossible in this environment. 🔄 Short-term vs. Weekly Picture On the 1H chart, price action is messy and directionless. However, the weekly chart tells a clearer story – which is not bullish at this moment. ❗ Let’s not rush into the “new...

Mihai_Iacob

After Monday’s correction into the 3380 support zone, Gold entered a consolidation phase. Bulls attempted to push higher but failed to reclaim the 3400 resistance area. ❓ Is this just the beginning of a deeper leg down? 🔻 Why further downside is likely: • Price broke decisively below the 3380 horizontal support just hours ago • The market is now trading...

Mihai_Iacob Updated 

1. Recap of Yesterday's Move Yesterday was a volatile day for Gold. Price initially broke above the key 3340–3350 resistance zone, only to drop back below it—but intriguingly, it closed above it on the New York session. That close is the detail that changes everything. 2. Key Question: Will Gold Stay Above 3400 and Push Toward New ATHs? Let’s split this into...

Mihai_Iacob

1. Recap of Yesterday’s View In yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout. 2. What Happened Since? ✅ Price once again rallied into resistance and was rejected. But here’s the key shift: 🔹 This time,...

Mihai_Iacob

1. Recap of Yesterday's Expectations In my previous analysis, I highlighted the 3340–3350 zone as key resistance and suggested that any rise into that area could give sellers a better entry. ✅ Indeed, price rallied into that zone and was rejected, validating the plan. 2. What Happened Next? After rejecting the resistance, gold touched 3300 again, but again,...

Mihai_Iacob

1. What happened last week? As expected, Gold broke below the key 3340–3350 support zone and even slipped under 3300 during the Asian session this Monday, briefly reaching new short-term lows. The bearish pressure continues to dominate. 2. Key question now: Is the drop over? 3. Why I expect the correction to end soon: - The recent decline totaled nearly...

Mihai_Iacob

Yesterday’s price action confirmed what we’ve been discussing in recent updates: the upside is vulnerable, and the real move could be lower. Gold did push toward the 3400 zone, as expected — but that test was short-lived. Sellers stepped in aggressively, and price dropped back toward the 3350 support zone, closing the day with a bearish engulfing candle on the...

Mihai_Iacob

At least in Vegas, you get free drinks. Let’s cut the fluff. You want to make money trading. But here’s the problem no one wants to admit: Most traders don’t have an edge. And they trade anyway. Which means they’re not traders. They’re just expensive gamblers in denial. 🎰 W elcome to the Casino Called “Charts” In Vegas, the odds are clearly displayed. You...

Mihai_Iacob

In my previous analysis, I pointed out the possibility of Gold correcting back to retest the broken descending trendline. That zone is now acting as a key confluence area, and as long as the price holds above it, bulls maintain the advantage. However, beyond the technicals, I also shared my personal view: while we could see some upside in the short term (next...

Mihai_Iacob Updated 

Since early May, I’ve been highlighting the 142 support zone on USDJPY as a potential reversal area — with a suggested upside target at 146. The market respected this level twice, reversing from 142 and rallying past 146 both times. However, last week’s move into 146 was sharply rejected, forming a strong daily Pin Bar exactly at resistance — a classic sign of...

Mihai_Iacob

Trading Is Both Art and Science Every trader, no matter how data-driven, eventually encounters moments when they just know something about the market. That quiet internal signal: “Don’t touch this today.” Or: “Get ready. Something’s coming.” That’s not random emotion. That’s your gut feeling – and in trading, it's worth paying attention to. But here's the...