SteadyFund

SteadyFund

Gold didn't close the month with red candle. There is still potential for rising. But it needs to touch the broken resistance around 2160. I will still expect falling wedge (triple top) formation on weekly for month of June, if next week close at green bar. Expect falling then rising for Gold next week.

SteadyFund

Looks like Gold is going to retrace further. Seems it is forming rising wedge. Expecting huge move today or tomorrow.

SteadyFund Updated 

This was what I predicted on May 4, 2024. The overall trend predicted was correct but weekly close was larger than what I thought. This week didn't reach my prediction of 2470 but only 2450. I have engaged selling at 2432 and still holding. Next week will be massive fall for Gold. But there could be two scenarios as illustrated above. Which one do you think is...

SteadyFund

As predicted, Gold had a waterfall last two days without retesting 2400 breakout zone. There needs a retracement. For today, we can sell from 2353-2360 or buy from 2311-2320 level.

SteadyFund

Gold could not break April 12th daily high at 2431. And it formed lowering triangle at 4 hourly. The chance of price moving downward is high. I have held selling from 2432. If 2406-2410 level is broken, I will add more upon retracement.

SteadyFund

On daily, Gold still bullish. 2470 level has not been reached yet. On 12 hourly, there is a red candle right now. Expecting Gold to fall from 2435 until 2405. From 2405, it should soar to 2470. I will monitor 2435 and 2405 level for today's trading.

SteadyFund

Gold is still bullish at the beginning of the week. Will look to buy from 2393-2399 level. If reached resistance first, will try to sell from 2460-2470 level. Happy trading.

SteadyFund

Refer back the prediction I made two weeks ago. Gold has performed above my expectation and it actually closed weekly above 2410. Gold is at its final wave. Next week will be very interesting. My prediction is next week will be up and then down. Top will be limited to 2473. Hopefully down will be until 2354. Happy weekend.

SteadyFund

2400 is a strong resistance zone. We may see a few days of ranging market around this area. Today's strategy is sell from 2385-2389 and buy from 2355-2358. Let's see the price action at these two zones. Market will provide us opportunities. Be patient.

SteadyFund

Gold is overall bullish. However, there is a strong resistance at 2400-2430 ahead. I will buy from 2373 today. TP1 is 2393. TP2 is 2410.

SteadyFund

Gold still looks bullish in medium term. Bulls should be safe before CPI release today. I plan to buy from support around 2347. Target 2372 first. If 2372 is broken, should go to 2391.77 at least.

SteadyFund

Gold should bounce from current level of 2328-2332. Expecting at least to 2372 today. If broken, will make way to 2391.77. Patience is the key.

SteadyFund Updated 

Gold is currently on the 4th wave. Within this weekly wave, it's also at daily 5th wave. We shall see a green weekly close next week. Bullish trend should continue until 2400 where we will see multimonth correction. My trading strategy for Gold next week is buy.

SteadyFund

After three days' consolidation, Gold finally broke the resistance of 2330 yesterday. There is a strong resistance at 2352-2362. As the bull is very strong, I will suggest only engage buying orders. I am looking for buying opportunity from 2325-2330 level.

SteadyFund

Market has been very slow for the past two days. Gold appears to be stuck within the two trend lines. Looking for buy opportunity from 2302 level today. Target 2342.

SteadyFund

I am still bullish in Gold. We can buy instantly from 2312 towards 2330. Possible to break until 2343 today.

SteadyFund

Gold didn't retest 2280 level but Indeed Gold made a bullish move yesterday. Today's main strategy is still buying. I will try to buy from 2312 towards 2342. Please refer to the chart for key levels.

SteadyFund

As suggested by my last post, my main strategy for this week is buy. Gold is now trapped within the trend lines. We shall buy from supporting line or once resistance line is broken. However, it's highly possible that today the trend line won't be broken. Let's see how the market behaves today.