Last week Fed interest rate news destroyed lots off retail traders. AFter a big fall gold managed to push bullish around 500pips after FEd drops. GOld settled after tapping onto resistance level 2050. In my opinion this was a attemp to wipe longterm sellers who sold above the ATH level. After the tap of 2050 gold fell deep below 2031 structure. 2031-2034 is the...
Currently gold is in a strong bearish sell off after hitting ATH around 2150. In the bigger picture posible big fakeout on the previous ATH(2070) See chart for all the info. 1976 is strong support. at this point i managed to trade a good pullback. In order for gold to proceed a posible bullish move it would be good if 1993 resistance level breaks above. This...
In a couple hours we will have montly candle closure. GOld is forming new grounds. If we look at the montly timeframe, notice that al the previous montly candles closed below 1993. This will be the first time a montly candle closes above! This indicates strong support will create around that level SO what does this mean, what is next for gold? Today 2050 was the...
Hi guys, Couple things to notice. Were currently in a bullish channel wich hasnt broke yet. In the bigger picture were currently sitting at a strong trendresistance(daily) GOld struggles to break this zone. Also a big supply zone is holding gold back for further grow. AO is showing divergency in H4 and also Daily. WIch also indicates bullish momentum...
Short update for gold: Pay attention to the bullish channel. If gold repects the channel posible breakout bullish back toward 2000 and above. But... There is a big Daily resistance laying around 1991-1993. Wich can prevent gold from climbing any further. Rejection is mostlikely. If this happends we need to pay attention to 1975-1977 level. If it can't break...
Hi guys. In my previous analysis i mentioned the 1934's level beeing the level to go Long longterm. After a double bottom confirmation gold almost gave a strong bullish move of 350pips. In my opinion gold future outlook is still bearish. Currently hovering around 1971(Wich is resistance level) But we need to look for short position at a better untested area wich...
Last week was a very good week for us. We targeted mutipe levels and suceeded. 1935 was my last target for bears. Before market closure gold manage to hit our target. So whats next? in my opinion 2 scenario's. 1932's is a support level were a posible pullback can follow. We need to follow priceaction after market openings to decide we go long. Target for bulls...
Great week so far for us trading gold. After the clear H&S pattern. Gold fell deep around 500pips. So my previous analisys was on point. We reached our targets. My expectations on gold is itwill fall again. Testing the lower support levels 1952 and 1947. My longterm target is around 1935's. From here we can expect a big bullrun again, we must see how priceaction...
After my last analysis i notified you guys the head and shoulder pattern forming. This indicating a good pullback or reversal in gold. I told everbody as long as the right shoulder stays intact we should SELL the gold market. Last friday NFP came out less then the expected numbers wicht is good for gold. SO gold pushed bullish around 100pips. THis was only a...
OVerall gold is bullish. But after tapping 2007-2008 gold fell and broke the support side off the strong bullish channel. At the moment looks like gold is forming a head and shoulder pattern and also divergence is forming.Wich can indicate a bearish correction. It all depends on if around 1992-1994 resistance holds. If the right shoulder breaks. We need to stop...
In my last post i mentioned priceaction wise a bullish flagpattern formed. We anticipated for the breakout and retest. Gold came wih a big spike move downs 140pips(posible manipulation) to wipe liquidity. Eventually gold broke the flag and gave a big bullish push. For now it seems like 1883 resistance level finally got broken and posible RBS(Resistance becomes...
Hi guys. Quick update on gold. After the pinbar candle in daily timeframe. GOld fell around 300pips. COngrats to those who took my advice. TOday gold tested the strond 1953 resistance zone and gave a strong rejection around 220pips. In the higher timeframe gold is moving between a Chanel wich tested support 3times. Also a bullish flagpattern is forming wich...
Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand. I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time...
Gold gave a tuff run for most retail traders. After beeing bullish because of War going on. Most retail traders aimed for the 1953-1955 short. Gold broke that level with big momentum(posible manipulation again) wiping liquidity off the table and then a deep fall afterwards. Now that liquidity is gone i am short on gold around 1954. Expecting a pullback back to...
Last week was a good trading week for us. But also a week to not forget how the market can be destructive. My overal view was bullish from 1810 on. Gold kept rising from that point. When the war striked gold even managed to rise around 250pips during market closure(weekends) I warned everybody to look out for gold wich could potentially rise. Gold is a save asset...
GOodmorning guys. It has been a good week off trading. Made lots off profits. AFter fundamental news CPI gold fell deep toward 1868. If we look at H4 this is a good position for longs again because of H4 trendsupport. GOld managed to push a bit lower but eventually recovered during asia. In my opinion the bulls are not done yet. 1885-1888 is resistance. So big...
After the this week market opening. Gold opened high in price. BEcause off the war whats going on in Israel. After the break off resistance level 1855-1860. In my opinion gold will continu to grow. Retest already happened in higher timeframe.1865 is the upper resistance level we need a break. Seller won't give up easy. FUndamental the Bank of Israel said to...
After 9 long days of bearisch daily candles. The first daily bullish candle has formed. In my opinion the market sentiment changed. 1930 strong resistance broke and gold managed to form a higher high. From here on we need to focus on going long in the market with posible target as 1840, 1858, 1885, 1900 before the bearish move will start again. Keep in mind that...