kjwlegend

kjwlegend Updated 

Please note: This is a personal journal only, but NOT a trading suggestion. Current price: 2141 ===================Technical Analysis================= Gold has embarked on a robust bull run after testing the support at 1990, rebounding sharply without experiencing the typical correction. The market is currently in a severe overbought state. A key resistance...

kjwlegend

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1940 ===================Technical Analysis================= The Russia and Ukraine issue has been escalated to a real WAR that pushed Gold 1948 today. I was thinking those people are not that stupid to let the troops pull the trigger, but they really are. This makes me...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1907 ===================Technical Analysis================= Gold has started its bullish trend since 1850 key resistence broken. After the trendline was re-tested again at 1850. Then the price has been pushed very high due to the Ukraine-Russia issue. From the chart, I...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Hi Everyone, It has been a long time since my last publish. I was spending lots of my time on quant trading recently and build my own EA, but I still feel the human analysis is important even you do algorithm trading. So, I'm back again. Current price:...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1808 ===================Analysis================= In the past few days, Gold touched 1753 with the FMOC news but then started the crazy straight-up rise to the current price 1809. We barely see no correction or re-test in this $55 rise. It also breaks a lot of resistence...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1787 ===================Analysis================= In my previous analysis, I mentioned Gold bearish may start by the pressure of descending trendline. It dropped from 1790 to 1773 lowest yesterday, which was close to my 1770 TP. It rebounced a little bit and now we...

kjwlegend

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1787 ===================Analysis================= In my previous analysis, I pointed out that the correction was in the way and bullish target is around 1795-1805 area. As the time goes by, the resistence area is also slowly drawing down by the moving average and...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1772 ===================Analysis================= In Yesterday analysis, I mentioned that 1770 won't last long , and Gold breaks this level to test a new low at 1761 lowest, which was the sell TP yesterday. Sadly it didn't give me chance to enter the short. In today's...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1778 ===================Analysis================= In early of this week, Gold has broken the ascending trendline and confirmed the bearish trend. Yesterday, the market has a strong bounce to 1794 for a corrective move but lack of continuity. The price is current...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1788 ===================Analysis================= In last week Gold has completed the 8-wave cycle and reached 1780 lowest and start consolidation movement. The direction for future is unknown yet. The last drop made the price back to the bearish range (below 1810), but...

kjwlegend

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1864 ===================Analysis================= Gold has reached 1841 early this afternoon. I still have a question mark that whether this is the correction wave-c of the big cycle or not. It's still possible that Gold could extend its price to 1830 area. However,...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1864 ===================Analysis================= Yesterday Gold tried to push up but due to some reasons it failed and ends as a false break out in ascending direction. The drop down to 1850 breaks the bullish trendline so that I will hold my bullish opinion of 1890+...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1866.5 ===================Analysis================= Gold is definitely making the new direction in next few days. Last few days Gold shows a strong bullish momentuml, and now ranges in a very small consolidating area. It's still a question which direction Gold will go...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1862 ===================Analysis================= Yesterday Gold has broken the TL and resistence area 1832-1835 that confirms bullish trend. This straight and strong rise without any correction indicates it may be the impulsive wave-3. Gold touched 1867 highest but...

kjwlegend

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1827.95 ===================Analysis================= Today's plan is exactly same as yesterday. Gold has reached a higher high at 1832, which is the target zone. Before 1835 is broken, the sustainbility of bullish market is not confirmed (shown as scenario No.1 in the...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1827.95 ===================Analysis================= The U.S inflation makes the market worried about dollars that brings the money into Gold market and cryptos. It pushes the price up even when NFP data is super bad for gold. In one of my previous analysis, 1784 was...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1771.5 ===================Analysis================= If you followed my 1101 analysis: Gold has reached the target 1760 yesterday. It rebounced to 1778 highest this morning. It's still a strong bounce back, but not as strong as last time (1770 - 1796). Based on this...

kjwlegend Updated 

please note: This is a personal journal only, but NOT a trading suggestion. Current price: 1786 ===================Analysis================= Last week Gold broke the ascending trendline and finish a nice impulsive move to 1772 lowest. Currently it rebounces to 1786 area to initiate the correction. With the fact of strong bearish movement, I think price have...