penjanainvestment

penjanainvestment

Rumors on global economy at risk just make the gold into bull run. We might see some retracement and buying opportunity around 2100 area.

penjanainvestment

If USD keep getting stronger, we could see gold hit 1900 and maybe 1850 mark again.

penjanainvestment

Gold might going upward to 2012-2015 area to fill the bearish FVG before continue its decline toward weekly FVG 1950 area.

penjanainvestment

As my previous analysis, we are still targeting 2080 as our main target.

penjanainvestment

Based on the movement, we can expect another leg up of the price to test the previous hourly candle bar. We are still in our previous analysis (see previous published idea).

penjanainvestment

Based on Pitchfork, the price already tested the support. Usually it will test again 2015 and we can see an upwards towards 2080 if 2015 support is strong.

penjanainvestment

As you can see, weekly candle tested fibonacci retracement at 50% level and rejected it. Buyer still manage to maintain it above 2040. We might see another test of 2050 area and if buyer manage to break it, it might test the ATH once again. As long as there is war tension, gold most likely to maintain above 2000. As long weekly Lower Low does not break below,...

penjanainvestment

As my previous analysis (please see previous idea), the gold price was expected to make a dive towards 2050 area. As far i can see, the price is ready to make a bullish pullback. Observe any bull price action in 15 minutes time frame for confirmation. OR, follow the GOLDPATH im suggesting.

penjanainvestment

Bearish pattern can be seen! We expect the price to test another round of upper flag resistance before downside continuation.

penjanainvestment

From my previous ideas, I mentioned the path of selling based on support resistance structure plus fibonacci retracement. The price action seems like favor our analysis so far. Weekly candle show significant rejection. As for now, we are following our trade analysis.

penjanainvestment Updated 

As mentioned previously, level 2070 must be broken for sell/short confirmation. We will expect some pullback upward before price continue going down. We already reach our weekly chart target (see previous idea, i put down weekly chart target). Now we can search opportunity for sell/short. OR just follow my trading path shown in the chart. Happy New Year and...

penjanainvestment

As mentioned previously, price make a u-turn (selling off) near our marked area. Price need to break 2070 zone for bearish confirmation. Once it breaks, just follow the path we created to reentry short/sell position.

penjanainvestment

As previously mentioned, the price will test one more time the resistance trendline and entering our selling zone. Wait for price action that shows liquidation is done, then we can enter short. Bearish divergence can be seen in 4H timeframe. This can indicate that buyer steam is almost done.

penjanainvestment

Based on previous candle, it seems like the price might retest the selling zone once again. It might reach the trendline on more time before falling hard to test the support zone.

penjanainvestment Updated 

As expected from previous analysis (see previous idea), gold is approaching sell off zone. Weekly bearish candle rejection at resistance is too strong to ignore. We might see a drop from the sell off zone.

penjanainvestment

Can gold make the bullish pattern a reality? If yes, we go LONG!

penjanainvestment

As can be seen, now price is in the 38% Fibonacci Retracement area. Price might test higher before Christmas.

penjanainvestment

As mentioned yesterday, today Rally candle is more likely occur as yesterday marked the base candle. New target can be achieve today.