Last week was very profitable for us. Adviced to short the market around 2060 and Gold fell over 370pips. This week there are 2 scenerio's. We have a daily support trend wich can push gold back up. But also 2030 is very strong resistance now. In my opinion we need to find good sell positions, but be aware off the red line support zone. Bearish target 2005 and...
After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around...
Today seller lost the momentum. Gold broke out the channel and already retested around 2028-2030. Look like daily will stays above the retest zone. We should look for buys with posible target such as 2040-2052 Resistance: 2040, 2052, 2070 Support: 2030, 2025, 2012
Eur/usd has been folowing a bullish trend channel. Last week it managed to break the channel and retested the channel multiple times. Priceaction confirmes a bearish flag pattern. Wich gives us more reasson a posible fall will come. level 1.0828 is currently support for eur/usd. We can either see a direct fall from 1.0883 or a small bullish pullback to 1.09237...
Last week i adviced to keep shorting the market wich were profitable trades. 2012 formed a strong support level wich gold keeps respecting. The overal higher timeframe trend is bullish but were currently in a bearish channel. In the daily time frame the bullish channel broke and already retested. I am expecting gold to take orders around 2000-2005 again and in the...
Last week after a bearish movement gold rejected around psycological support level 2000, wich is also daily support level. GOld managed to move around 380pips without a proper rejections at certain resistance levels. Posible gold moved on fundamentals because off wars going on around the world. GOld remains a save asset. Technical in the bigger picture were still...
Currently BTC is still in a bearish movement. After tapping into supply and also fibo level 61.8 at around 48000 BTC dropped deep. In my opinion btc bearish move is not done yet. 40677 is the current strong support. If this level breaks we need to more sells, because btc will drop to around 38881 demand level. FOcus on the yellow resistance and support...
So were currently sitting at a important zone for gold. I adviced to go long in the buy zone 2020-2016. WE need to pay attention to the 2028-2030 zone, because if this zone confirms a rejection. Then it is mostlikely gold wil fall posible with target 2006. If 2030 get broken with confirmation gold will push bullish with targets as 2045 and 2055. Second important...
AFter the break off the bearish channel we now wait the retest and also supportzone 2030. Mid to longterm we will see a big bullrun back to 2070 and posbile above. FOcus on buying around 2032-2027. Resistance: 2040, 2050, 2060 Support: 2030, 2016, 2005
Gold still under selling pressure atm. Follows a bearish channel wich keeps making lower highs and lower lows. 2017 is a support level wich is important for gold. If gold wants to move any lower it need to break 2017 level in order to fall to 2006 and 1991 support levels. Best thing we can do is keep selling the market. But if gold manage to break above 2050 then...
In previous analysis we anticipated on selling the market. Wich we won trades at the end. The bullish presure is coming from the support trend. We added buys from around 2030. Wich are profitable atm. Expecting gold to push bullish till around level 2050 up to 2055. We need to pay attention to the resistance trendline. From here it is posible gold will fall...
Gold ended last week very unstable. Because off NFP and PPI news. Gold gave big moves ranging from 200pips up to 400pips. AFter tapping the trend resistance(yellow line) gold rejecten very strong. Atm were in a bearish channel. We should respect the currenct bearish trend and focus on selling the market. 2047 is resistance, either gold fall from here or move up...
After the obvious head and shoulder pattern and the break off the bullish channel i adviced to keep shorting the market. Gold fell deep and we took some winning trades. 2030 is key level. If this level stays intact it will go up again. Gold eventually did reject. Atm i am focusing on the 2055 resistance level to go short again with targets such ass 2045 and...
Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A...
Gold is ready for a posible retracement first back to 2055. If the channel breaks we will see a posible further fall towards 2040 and 2031. If the channel keeps respecting we need to go long with target 2080, 2090 and posible 2100 Resistance: 2072, 2085, 2100 Support: 2050, 2030
This week i adviced to keep selling under 2070 big resistance after confirmation. Although we got some rejections bulls manage to push back to the resistance zone. I told everyone the moment 2070 breaks with confirmation we need to add buys. SO eventually gold broke 2070 and i instantly change strategy to adding buys. WE took great profits from here. In the...
After the break of H4/daily resistance around 2048-2052 we need to focus on going long after a good retracement first. My focus is on the daily resitance 2048-2052 retest or the support trendline. There are 2 big demand area's also around 2050 and 2043. Buy zone between 2050 and 2043 after confirmation If we get a confirmed break above 2070 we need to add more...
Gold is currently ranging between 2030 and 2050 level. In H4 timeframe we can see a upward channel wich keeps getting respected by the gold market. A bearish flagpattern is also posible. Especially in higher time frame patterns can give a big move. So expecting gold to Fall deep in upcoming days. Second is the big resistance level laying around 2048-2052. Wich...