Forecast: This week I'll keep you posted one day a the time. Price action might trade out of the consolidation we have been stuck in last few weeks? I expect upside Monday/Tuesday, but inside a range between last Fridays high and low...
Keep also close eye on 10 Year Yield and $Dollar for sentiment clues... I'll keep you updated throughout the week.
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
Keep also close eye on 10 Year Yield and $Dollar for sentiment clues... I'll keep you updated throughout the week.
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! We got the drop! I forecasted in previous update that a drop was not inevitable.
And also I said in the video for week 5 that we would see a breakout out from the consolidation we have seen last 4 weeks. (Watch video forecast from week 4 to get better understanding)
Price dropped down to $1785 and has found some upside momentum, but I think it is going to be short lived.
I have pinpointed my targets in the illustration below.
Trade safe... and a great weekend to you all.
And also I said in the video for week 5 that we would see a breakout out from the consolidation we have seen last 4 weeks. (Watch video forecast from week 4 to get better understanding)
Price dropped down to $1785 and has found some upside momentum, but I think it is going to be short lived.
I have pinpointed my targets in the illustration below.
Trade safe... and a great weekend to you all.
Monday's session buying strength had more momentum than I at first had expected... price hit my targets before London session opened.
What I wanted to pinpoint yesterday was that sellers have taken over again. I therefore have my targets from last week active again.
We'll see if price action complets the bullish Head & Shoulder pattern or price drops, breaks the low. For more detail watch updates from week 4 too get a better understanding.
Trade safe!