CJ_GOLDPIPS

CJ_GOLDPIPS

Intraday analysis - GOLD - ( 14 MAR 2023 ) Scenario 1 CPI DATA SHOWS A DECREASE - inflation is showing a decrease - feds rate hike has been working for months now - Fueled with recession fears due to banking collapse, this will lean the feds towards a pivot narrative - With uncertainty and fear in the market, price of gold can still continue its bullish...

CJ_GOLDPIPS

Intraday analysis - GOLD - (14 MAR 2023) Scenario 2 CPI DATA SHOWS AN INCREASE - inflation is still showing an increase - Inflation target has not been met just yet - feds has to hike more rates to combat inflation - With the massive upside move due to fears in the market during the banking collapse fueled by an increase unemployment rate (which is expected as an...

CJ_GOLDPIPS

Intraday analysis - GOLD - ( 9 MAR 2023 ) Price is currently ranging with relatively low volume in preparation for tomorrow's high impact news. This is very common as before a high impact news like NFP / FOMC , price of gold tends to consolidate and have choppy price action. I am expecting good data for NFP whereby based off PMI we have good data and PMI is...

CJ_GOLDPIPS

Intraday Analysis - GOLD - ( 7th MAR 2023 ) As per analysis last week , Price tapped into our take profit region with possibility of price heading towards 1852-1855 region. Price was setting up better sell side liquidity during the start of the month and we may see a potential shift in market structure soon as we can see new lower highs printed and failure to...

CJ_GOLDPIPS

Major rejection zone which i am expecting a reaction here. Upon a break lower we may retest 103.766 key price point of interest before heading higher.

CJ_GOLDPIPS

Intraday Analysis - GBPJPY - ( 2nd March 2023 ) No fundamental shift , YEN still weak with its monetary policy and dovish tone. Unless the new elected one implements a change and have a more hawkish tone, i do expect YEN to continue being weak all year. GBP as stated is also weak economically however in this case, YEN weakness holds more weight. Will be looking...

CJ_GOLDPIPS

Intraday Analysis - EURUSD - ( 2nd MAR 2023 ) Similar to GOLD , will be looking for shorts on EURUSD. Overall bias stays as bearish. However we have EUR CPI during London session later. If cpi comes out as per forecasted , or higher than forecasted, EURUSD will have a short lived rally to greater sell side liquidity zones as marked in the charts. However do...

CJ_GOLDPIPS

Intraday Analysis - GOLD - ( 2nd MAR 2023 ) Not the cleanest of price action to kick start the month , however HRHR buys played out above 1836 as per analysis but was short lived when mixed data was released during NY session. Will still be continuing its bias of bullish momentum as of now, always remember trend is your best friend 👍 Do not marry the bias...

CJ_GOLDPIPS

Intraday Analysis - GOLD - ( 1 MAR 2023 ) Expected deeper pullbacks as nearing the end of the month , price love to retest setting up for better sel side liquidity zones . Pullback buys played out with price action confirmations and surprisingly bad economic data. However our bias stands and will still be looking for shorts this month. Will adapt to buys if...

CJ_GOLDPIPS

Intraday Analysis - GBPJPY - ( 28 FEB 2023 ) Will be playing GJ continuation buys from yesterday. Fundamentally both pound and yen is extremely weak. GBP is the weakest in terms of economy this year however due to its government's hawkish stance to change monetary policies to aid in the economy, GBP has a upper hand here as compared to YEN . The Japanese...

CJ_GOLDPIPS

Intraday Analysis - GOLD - ( 28 FEB 2023 ) As per analysis , a retest to 1820 is very possible and with fundamental data last night, price did retest 1820 region with instant rejections. Both buys and sells were called out yesterday night. Will be continuing bearish bias on Gold in the coming weeks ahead with no shift in market sentiment just yet. Looking at...

CJ_GOLDPIPS

Outlook on BTC ( 23/2/2023 ) Backed with certain fundamentals on the dollar , i do believe that we may get a short squeeze to the downside really soon to gain more liquidity to head towards the upside. I am personally looking at 2 DCA zones to add to my long term swings to 36k region as marked in my charts as TP3 before massive roll over. Looking to add spot...

CJ_GOLDPIPS

Intraday Analysis - ( 23 FEB 2023 ) For weeks we have been emphasizing on dollar dominance and gold bears and have been adapting to clean sells with our key levels. Last night during FOMC meeting minutes , there was a slight hawkish tone which led gold to do a shot squeeze down. Will be playing the bearish bias as there is no shift in fundamentals just yet....

CJ_GOLDPIPS

Intraday Analysis - ( 22 FEB 2023 ) Market sentiment has not changed just yet and will still look for dollar dominance and Gold sells in this week. We have a few fundamental data released yesterday and for the coming days ahead. With strong PMI data i do not expect any further upside on gold unless we are breaking well above 1864 key level. However we may retest...

CJ_GOLDPIPS

Intraday Analysis - ( 16 FEB 2023 ) Will be playing the bearish bias on gold with expected continuation in dollar dominance this week. Expecting dollar to still head up to 105.6 region before any form of massive reaction. Looking out for PMI tonight whereby if data shows as per forecasted we will be in for a nice short on gold. HRHR SELLS AT 1852 ish region -...

CJ_GOLDPIPS

DXY CORRELATION WITH GOLD BEARISH BIAS. Looking for reaction at 105.5 region before any possible reversal. Overall am very bullish on dollar till further shift in market sentiment.

CJ_GOLDPIPS

Intraday Analysis - ( 16 FEB 2023 ) Strong retail sales did not hold any weight yesterday which was not expected. Overall dollar has made new intraday highs and is in a retest for better buy side liquidity for further upside to targeted region of 105.5. Gold is in a retest as seen to better sell zones as marked out based off FM key levels. There will be PPI...

CJ_GOLDPIPS

Intraday Analysis - ( 15 FEB 2023 ) POST CPI DATA ANALYSIS CPI DATA was released yesterday with still relatively high inflation although there was a slight improvement compared to previous month but it came out higher than forecasted. This caused a lot of indecision in price action during data released which is why its best to stay away from the charts. My...