Hello traders, GOLD has been rejected from 2070 several times. The recent time that it is getting so close to 2070 happened last Friday with PPI. It has been dragged from pressure zone down 35 dollars. With retail sales today, it could be very easy to drop hard again to test price zone round 2000. But I won't say it is for sure. The best idea is that it...
Hello traders, USOIL is on my selling list today. It is so weak no matter what happen in the middle east. The trend line on 4h chart is about to be broken. Once it is, a retest of it will make a good chance to sell. Of course, you can take a try to sell now with selling signal beneath the EMA lines. GOOD LUCK! LESS IS MORE!
Hello traders, GBPJPY is looking so great for buyers. It got a higher low after rising from support zone and break the short term 4H trend line. It is very possible to break through the dash line on 4h CHART with the support on EMAS on daily chart to test 190-190.50. GREAT CHANCE! GOOD LUCK! LESS IS MORE!
Hello traders, GOLD has been sideways moving for 3 days on right daily chart. On the left 4H chart, it is still moving inside the red box which is a small range. So just focus on the last swing that it rising from and waiting for a confirming signal of the end of this swing to sell to fibo 382-618. GOOD LUCK! LESS IS MORE!
Hello traders, USOIL is on my selling list now based on these reasons on weekly chart. 1. Price break through EMAS. 2. Price makes strong bearish candlestick last week. 3. A retest of EMAS would very possibly provide opportunities for sellers. 4. Still no oil product country are or going to join the middle east conflict. High price of oil won't help US to...
Hello traders, Gold has made a triple top and now it is going to break the neck position. Yesterday Tuesday, gold could not break the neck position, and it will try again today. Let AB=CD to help us find out the target, gold could drop down to 1923 with wave B. GOOD LUCK ON THIS PLAN. LESS IS MORE!
Hello traders, GOLD has made such a long leg up and break through weekly EMA support and now it is still moving above those EMAS. Last Friday NFP help GOLD reach 2000 again. But soon after NY session start, it show weakness of pushing price higher. This could give sellers signs that price could pull down for a correction after a strong wave from 1811 to 2003....
Hello traders, GOLD has broken the uptrend channel and moving beneath the pressure line on this 4H chart. Will this be a new leg down to test fibo 382? GOOD LUCK!! LESS IS MORE!
Hello traders, Lets review this weekly outlook first. This week, we were expecting weekly trend to be continued. And it is continuing with a fice-wave trend here. Check this right chart first, you can see that I am assuming wave 2 is still ongoing with lower 5 WAVES( RED). Oil could eventually hit last high and breakthrough to make a new high next...
Hello traders, In this week weekly outlook, I am waiting for a signal to buy again. Now it is time. On 4h chart, in this Asia morning, Tokyo session just starts. Gold's price action all running above EMAS with all small bullish body candlesticks. Usually, in a situation of a geopolitical trend, trend has very strong momentums to move one side. We just...
Hello traders, GOLD has risen 100 dollars last week. This makes a very strong bullish candlestick on this weekly chart. I would prefer to see this is the end of bearish trend for gold. And right now, we should only wait for new entry signal to long gold. With the support 2 level marker out on this chart. What will make this plan invalid is that another strong...
Hello traders, I have all my targets hit last week. Please go back to check these ideas. What is happening in the Middle East has very huge influence on OIL. What is going to happen in the next few weeks will also influence the trend and the strength of trend on OIL. On this weekly chart, I would say it is very possible for USOIL to make a new leg up to very...
Hello traders, USOIL did not make our buying plan a successful one yesterday. It turned down after making ABC (blue) sideways price action after being rejected from Resistance 1. The new ABC (red) is where we are waiting for a buying signal to buy today. Fundamentally, usoil should not on a bearish trend. So we are waiting for signal with RSI div AND price...
Hello traders, Gold is really on a strong trend that every time it retests EMS, it got support and it rise up again. CPI later before Newyork session. Will price be pushed again after fluctuations with CPI? Please remember to check with your EMAS on this plan for new signal to open buy again. WILL SEE! GOOD LUCK ON THIS PLAN TO BUY. LESS IS MORE!
Hello traders, If you check news in the weekend, you should know what is happening in the Middle East. And that is also why usoil make a such jump in this Asia Monday morning. Now price has reached fibo 382, will the London session and Newyork session to push price up more to fibo 618? Lets see and make a plan on it. GOOD LUCK!! LESS IS MORE!
Hello traders, This Wed and Thurs will have US PPI AND CPI. Just trade with care before that. On this 4H chart, GOLD is pulling down for correction. But it is still on a bull trend on daily chart. And down to B position, it is where to look for a new entry signal to long again. Hopefully, will test FIBO 500, WEEKLY Resistance zone ON this chart. GOOD...
Hello traders, GOLD made a big move in the last 2 weeks. This is not good for weekly trend. Why? Let's check it on the right weekly chart first. In the new downtrend channel, price could pull back to retest the upper channel before new long leg down. Down to support 3, gold could make another $160 from 1880 to1620. Take a look at the 4H chart on the left. This...
Hello traders, USOIL made a strong leg down to SUPPORT 1 in my long vacation. What a strong bearish trend on both charts in this idea. Now what is the next plan for next week? Let's go through it step by step. First of all, let's review it on 4H chart. This new bearish trend start from 94.99, almost 95 on the last trading day of Sep. There was sign for that....