JohnLiv

JohnLiv Updated 

Chart shows initial rise although possible I see as unlikely, I do see however an initial drop to the 1763 area then a steady climb up, 1762 stands as good support, 1844 I now see as huge resistance, (see chart link below) Trend: Long Resistance: 1844 Support: 1762

JohnLiv

The pair looks like it has a bit more south movement before returning to its main Trend which is Long Trend: Long Above support My Idea's settings Entry; 1.11850 SL: :1.11400 TP: 1.14500

JohnLiv

As the overall trend on NZDUSD is short I see a double bottom formng, as can be seen from my chart I close just before

JohnLiv

I see very much a double bottom forming on NZDUSD, as can be see I have chosen to exit just before

JohnLiv

On first analysing the week the initial opening I believe would be to make the1778 resistance level, as seen on the chart this more or less forms a double top, some may deem this a cup and handle, I see a short lived pull back to the 1770 area, (new entry at this point TP:1844), it became evident a copy fractal was starting to form (cf1) on placing cf2 in place, I...

JohnLiv

I am seeing a break of 1800 now being soon all previous resistance levels are now showing as poor as the yellow metal makes its claim to beat the previous highest high, I cannot see now any reason to stop it, 1900 not far off

JohnLiv

To update my previous chart and allow for moving from fractal copy to fractal expansion, I can see more north bound projection 1800 should see some pull back but not the 100's of points most talk about, then a further push north

JohnLiv

gold showing its coulours as the safe haven just not as most wanted, I am seeing some downside projection, but its more correction on its touch of 1742 so many times, now the required pull bk to grenerate the momentum forward to force gold through 1742 to the 1800margin is being seen

JohnLiv

Just a quick revision taken from my 4hr chart allowing for the momemtum travel to 1720

JohnLiv

Please view chart below to see the full reasoning about this chart, there is not much to be said here as going from the long term view sort of just confirms my views

JohnLiv Updated 

To add a little bit more entry information to my previous chart, I have set my entry at 1703, however the green zone also has merit as its the projection from the weekly chart, (see link below)

JohnLiv

Following on from my previous analysis, I had predicted a push to 8000 before being able to make a decision on further direction; it began to rise and settled at 7350, I had charted previously the downward wedge, this broke above then produced what I see as an inverted fractal copy, from there as was able to produce this idea for a correction before a further push north.

JohnLiv

This idea really can only work if the trade follows the path predicted, a pull back at the 1.10000 area should see a retrace to the 1.07500 area from there I predict a rise to 1.17000. The idea is based on fractal behaviour, the present path on the pair would or may of been effected by the current pandemic, however fractal behaviour I have seen to reflect this...

JohnLiv

This is a closed in view of My weekly chart on Gold, (Please see chart link below), I originally done the analysis without fib lines, but decided to show them for the fib lovers.

JohnLiv

Following on from my previous two ideas’, 'Gold to 1700 soon, 1800 not long after', (see below), shows the rise as projected but with some correction first, because of this correction I see gold dropping from below the top of the fractal and not above as shown, this is also the same as the copy fractal from 2013. (see Gold south to north projection with pace...

JohnLiv

Gold over the last few days has ranged, note the similarity to the left fractal, on exiting the fractal it went south, as the overall trend on Gold is long I foresee more north bound movement from the current fractal, 1700 is very much looking like a soon to be reached target

JohnLiv Updated 

Following on from previous analysis, looking at the previous fractal I see 2 possible projections, but to me neither fits golds present term momentum, although I still see a short rise, (see 1hr chart), I see 1525.00 resistance now too strong to support golds push South correction thus gaining even more momentum for the push North, this prediction is based on a...

JohnLiv

I see gold moving north for a bit to around either 1525 or with continuance to 1585, from there see further down side breaking 1463, at this stage a further push south now and breaking 1463, should see 1400 shortly after