Trading is just 1 big scam! How can anyone predict which way price will go? People cant really make money from trading! I tried it and lost my life savings in the 1st week! He just rents his cars and house!
Have these thoughts ever crossed your mind? They have crossed all our minds when we 1st start out on our trading journey, but they all soon get dealt with if...
This short term idea, based on analysis of the daily time frame, (see linked chart below), I see two possible idea’s here, one is based on the metals further push north breaking even more all-time highs, this continuance is shown on the chart as a Elliot impulse wave, the other is it will follow the 2011 equivalent, (based on my original fractal), a push to a...
Many sell orders have been stacking up between $1870-1880 for the last week now and today during the London session price created a Triple-Top formation to take those orders out before sharply selling-off. I have placed the 50% Fib level that Gold respects extremely well as my first level I am expecting price to drop. I will be taking profit here and re-analysing...
Get on this trade and it will feel better than S@x. I am looking for price to come down and retest the 1920 area as support before price bounces back up in a bullish fashion and break the recent all-time highs.
Once a support or resistance level has been broken we always look for the retest of this level before price moves in the direction of the break.
For new and inexperienced traders, seeing the harsh sell off this morning on Gold would probably have put their minds set on going short. But for the more experienced and knowledgable traders out there, this is a great time to go long on Gold.
Gold is a safe haven asset that investors turn to when they feel their money is not safe, they buy gold as a secure long...
Following on from last week’s chart, (see linked idea), gold has moved in the way predicted, to be able to plan a 1 hour chart I needed to chart a daily first to get some insight, (hense this idea), for this idea I have used a Fibonacci extension from the March low to the present Highest High, based on current trend and present global health conditions, I do not...
since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
if you like the post, don't hesitate to discuss it with me or thumble up and follow me
Gold is having a huge bull run and there is no need for it to slow down as of yet. The COT Data suggests shorts are being loaded up by commercial players, however, I don't think we will see a significant bear presence until we break the 2000 region. I have illustrated what we can expect next, avoid trading against the trend at all costs.
So we secured profit on that last trade perfectly. Notice how price has flipped the resistance at 1970 into support.
There is a pool of resting liquidity above the new range which I believe the large entities in the market will be interested in.
Goldman Sachs have made it pretty clear they are targeting 2k.
Adjust the stop loss according to your risk...
After price made a break higher and through the multi-year resistance level price action on the daily chart of Gold has stalled.
Price has formed multiple inside bars and has not been able to break the high of the daily candle from 8 sessions ago.
This market looks bullish whilst the support continues to hold, but the near term support does look important.
. 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) is expected.
. Price is above WEMA21,...
So the time draws near, Day by day we get closer to our targets touching them 1 by 1. After some bearish pressure here and there it seems apparent the bears just are not powerful enough for this Alpha Asset. Keeping above 1930/1940 we managed to maintain a back and forwards tug of war consolidating between 1940/1970 but after a rolling 3 day negative impact on the...
Price is closing within an obvious range between 1950 and 1970. The trade is based upon trend direction, the range, support and resistance and resting liquidity.
Price has just sweeped below the range again liquidating stop losses and protective sell stop orders etc.
I am now expecting price to return back to the top of the range and the possibility of price...
Traders are about to get caught on the wrong side of the market on this last rally up to $1850-1860 before a short correction. You will notice on the weekly chart 'support' has been broken and we have corrected above this. Stay tuned for a lovely short position that we have been planning for a couple of weeks on Gold.