Forecast:
00:00-02:28
- Broader Technical view of price action for the first 3 weeks of 2021.
02:29-07:50
- TA for the coming week... could expect same trading patterns first few days as previous weeks... Price action could make a Head & Shoulders pattern this week on higher time frame?
Note! Keep eye on the 10Y Yield... $Dollar might make a last low @ 89 and then again find bullish strength... gold is having hard time attracting capital, but like I said before, I focus one week at the time too get the most out of it.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics
- Market sentiment
- Gold Shares, EFT's A-z
- $Dollar
- US10Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
00:00-02:28
- Broader Technical view of price action for the first 3 weeks of 2021.
02:29-07:50
- TA for the coming week... could expect same trading patterns first few days as previous weeks... Price action could make a Head & Shoulders pattern this week on higher time frame?
Note! Keep eye on the 10Y Yield... $Dollar might make a last low @ 89 and then again find bullish strength... gold is having hard time attracting capital, but like I said before, I focus one week at the time too get the most out of it.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics
- Market sentiment
- Gold Shares, EFT's A-z
- $Dollar
- US10Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
Comment:
Update! The targets I mentioned in last update are no longer valid short term. Bulls have taken over today and we'll see how high price goes?
Trade safe... and great weekend to you all.
Trade safe... and great weekend to you all.
As I mentioned in the video forecast -a possible bullish Head & Shoulder pattern in the making , therefore my targets are still Fib-extension levels:
1.27% @ $1829
1.41% @ $1824
0.618% @ $1818
Trade safe...