Weekly Forecast
Topics:
00:00-02:42: Market sentiment, bond selling, lack of confidence in U.S. Gov. starting to show. Brief Summary of week 08.
02:43-06:18: Price Action forecast = targets. Stock's looking favorable and which one's to chose?
06:19-07:25: I'll answer questions, Share some of my own stock pick's etc.
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, $DXY/Dollar and 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
Topics:
00:00-02:42: Market sentiment, bond selling, lack of confidence in U.S. Gov. starting to show. Brief Summary of week 08.
02:43-06:18: Price Action forecast = targets. Stock's looking favorable and which one's to chose?
06:19-07:25: I'll answer questions, Share some of my own stock pick's etc.
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, $DXY/Dollar and 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:
A lot of selling pressure in the US session yesterday. Asia session picked up the selling pressure over night where US session left off. London session bulls seem to have taken control this morning.
Intraday upside targets:
38% @ $1727,
50% @ $1733
or 0.618% @ $1738
Trades safe!
Intraday upside targets:
38% @ $1727,
50% @ $1733
or 0.618% @ $1738
Trades safe!
Comment:
Targets from yesterday's update where taken out and price thereafter dropped.
Price action structure from Monday until now look's choppy and indecisive - I am waiting for a bullish / Bearish pattern to show up - perhaps bullish ending diagonal or Truncation or H&S or bearish abc counter pull back.
Trade safe!
Price action structure from Monday until now look's choppy and indecisive - I am waiting for a bullish / Bearish pattern to show up - perhaps bullish ending diagonal or Truncation or H&S or bearish abc counter pull back.
Trade safe!
Comment:
Price Action is yet again indecisive, trades sideways and is messy! Simply best to stay out.
I was looking for a reversals pattern and it ''seems'' a (Double bottom is in play) for more upside, BUT! be careful as Bonds selling is Gold's worst enemy at the moment.
My plan: sit on my hands, wait for a break of the low @ $1702 or keep eye on the D-bottom to see if it gains upside momentum.
Trade safe!
I was looking for a reversals pattern and it ''seems'' a (Double bottom is in play) for more upside, BUT! be careful as Bonds selling is Gold's worst enemy at the moment.
My plan: sit on my hands, wait for a break of the low @ $1702 or keep eye on the D-bottom to see if it gains upside momentum.
Trade safe!
Intraday inverse fib targets: 50% @1737 or 0.618% @ $1732 or selling pressure 78% @ $1726... If these targets are taken out look for bullish reversals patterns (Ending Diagonal, H&S or C-leg 5 wave truncation?)
Trade safe..