Tradeofgrey

Tradeofgrey

The sentiment of the market is about to change and i expect the buyers to come back right in. Here is where i expect the price to come down to before pushing back up. Lets wait and see how this plays out

Tradeofgrey

Gold is currently consolidating and is struggling to break 1942.80 area where there is a high resistance. If price does break then i have draw 2 areas where price will go up next however if it fails we can see the bears come back in and take control of the market again pushing prices down to 1914-1887

Tradeofgrey

Analyzing the 2hr/4hr timeframe we can see gold has broken the previous lower high (yellow zone). If this break is valid then the price will continue to go up. However we also has a area of resistance (green zone) this may push the price back down making a close below the Previous lower high( yellow zone) if this happen then price will push back down going toward...

Tradeofgrey

This week we saw price push to a strong area of resistance and then pushed down, I expect this week Gold to carry on pushing down to 1940 before continuing its journey up. I have done a quick analysis on the higher timeframe and through the week I will update you all on the lower time frame. I will be giving more detailed analysis some with entry levels but NOT...

Tradeofgrey

Hello Everyone. This how i think the market will playout today. The price will retrace a little before pushing further up. I have drawn two area where price may go to and a support area where price may bounce from. Be careful and aware of risk management

Tradeofgrey

Hello, Yesterday i analysed the daily timeframe to what i think might be happening in the coming weeks. Todays analysis is for the daily traders. Currently the market is in a rising channel. If prices break above 15768 then we can see prices rise further to 15837- 15912. However if prices breaks down the channel at 15541 then we can expect prices to go down to...

Tradeofgrey

Hello Everyone. Today, I would like to provide you with a analysis on the daily timeframe. Currently, Nasdaq has encountered a significant area of resistance at 15658. While the overall market sentiment remains bullish, it is important to note that a potential pullback might occur before any further upward movements. This could lead to a consolidation phase in...

Tradeofgrey

Hi, Nasdaq has currently hit a area of resistance on the month chart 15597. A break of this will take us to the next area 16354. This month and next month, nasdaq will continue to rise. We should all be looking for buy opportunities if you haven't entered already. Today I can see market coming down to one of the levels I drew before pushing back up again....

Tradeofgrey

Hello, Currently, we are in a consolidation box, and the market seems to have intensified significantly. I have also observed a falling wedge pattern, which I believe will eventually break to the upside. Although it's unclear if we will see a breakout of the box, I will be prepared to analyze the situation once it happens. It's worth noting that there was an...

Tradeofgrey

Hello, Since my last analysis, I have been closely monitoring the market and wanted to provide you with an update. Despite some fluctuations, we have yet to witness a significant shift in the market. While we did experience a push out from the wedge, we have remained within the confines of the consolidation box. However, I must emphasise that the current...

Tradeofgrey

Hello, From yesterday's analysis you can see the price done as I expected. The prices has broken out the wedge I drew yesterday but we are still in the consolidation box. Now the price may come back retest the wedge and continue going up or this could be a fake break push price back down to the lows of the consolidation and then breaking down. For Bulls:...

Tradeofgrey

Hello, My previous post I analysed the weekly timeframe and I mentioned how the market has been consolidating and now on the 4 hour chart you can see the build up of the consolidation. We can see we are getting closer and closer for this break. We have had few fake breakouts, which we want to avoid getting caught in. I would wait for a break of 131200 area or...

Tradeofgrey

Hello, I will start this weeks analysis with the weekly so we can see what has be going on with Nasdaq. To begin, let's take a moment to appreciate the positive changes in the market. In the beginning of the year, the Nasdaq broke from a downtrend, resulting in a change of direction for the market. This is a great sign for investors, and it's important to...

Tradeofgrey

Hello Everyone, The market has so far played beautifully as analysed. Now we have reached a area of strong resistance 12039; this area has had price rejection in the past many time. However I can see this breaking soon. Price may come down close to 11878 area before breaking 12039, Or it will soon break 12039 without a pullback. When it does break, price will...

Tradeofgrey

This was an analysis i did couple days ago. The market came to my support area and bounced off as i expected. Hope these analysis are helping you

Tradeofgrey

Hello everyone, The market had some beautiful clear bullish run and we are now at the top of the channel. Two scenarios this may play, firstly price may pull back to areas of 11581 before continuing to go up to 12159 area. OR price may just break 11878 area and continue going uo to 12159. Either way I am bullish with the market. Check my profile for more info

Tradeofgrey

Hello Everybody. The market played really nicely to the analysis from Monday. Now we will probably see price pushing down to the levels I drew earlier. These levels were mentioned in the previous analysis. The price will most likely now come down to 11334 IF the centre channel line is broken. if that happens nothing it stopping it going down to levels of 11236-...

Tradeofgrey

Hi Everyone, It has been a while and I hope you all are doing well. I am back to do regular analysis and help you all progress and get better at understanding the markets. Looking at the current nasdaq market, we can see a rising wedge has been formed. It is very close to a breakout. This is likely to break down however there is good possibility for it to...