Based on the Daily Chart, Gold have potential to create Double Bottom. But still, everything can happen since this week, we have so many data that will move the market into something that hard to predict. I do believe there is potential for Gold to creating Double Bottom pattern and shows us a chance for Reversal in this area. This area also a 0.618 Fib Retrace...
Head and Shoulder in the Daily Timeframe has already broken. ECB's Decision last week made a great damage to the Bulls and the price might be testing 1.1670 for a pullback and will continue to drop since H & S is also a pattern that sign a reversal in market. Sentiment : BEARISH Resistance : 1.1670 Support : 1.1488
Based on Supply and Demand, this area might become a strong support. As we can see with what happened in this area before, the price respond with high emotional and suddenly got boost to up above $1300. So at least, this price will hold for several days since even tho DXY trade higher today, Gold still can survive from the pressure and maintaining 0.618 Fibonacci...
As we can see, the market keep trying to hold above the critical area that can damage the Bullish trend. From this chart, I can see that Gold was trading in a symmetrical triangle. We are going to reach the end of the apex in a few days, and if this breaks above the Resistance Line, could be a beginning for Gold to continue track higher prices. 0.786 Fib was...
I still waiting an opportunity to go Long in Gold. By what I saw in the last day closed price, this might be a new low area. In the Daily chart we saw an Engulfing Bearish candlestick pattern and this happened in the downtrend, some people that I talked to today said that this Engulfing might be representing an exhaustion downtrend and could be a potential for a...
Based on what happened last day, we've got a confirmation Candle from the Bearish Engulfing pattern that happened in Monday. This candle gave us a sign that the correction might be continue. A combination of a strong U.S. dollar and a risk-on environment, created as the Dow Jones Industrial Average flirted with 23,000, caused many traders to doubt the ability for...
Also don't forget to consider this as strong reversal pattern. This just happened in the weekly time frame, which is giving us a strong indication of a reversal. I also considered this as the reason why I still maintain the Long Position. So better be watch out if you Short the Gold and keep watch for another confirmation next week. Good luck and have a nice...
The momentum of Gold to keep rising still in the good mood. As we see the Gold keep rising till breakout the critical Resistance area $1299, this area was my target from 10th October based on Fibonacci level. The upside spike is the result of bad inflation numbers that were released last night. It was below expectations, and caused a question whether or not The...
Yesterday I added position for my long Gold @1285.00. By now I closed it already @1295.50 for profit +105 Pips. I still hold my original position @1283.50 for more profits. I'm going to thrill my Stop Loss soon this week, as you can see we have a really nice upside move and keep going up for another higher level. As we spoke earlier yesterday. GDP Q3 might be...
Right now we see the Gold prices in the positive area. Above the 50% Fibonacci Retracement area, and tonight we are going to face The FOMC Meeting Minutes. Hopefully the result of NFP last week will affect tonight's meeting for another Dovish statement, so that Gold can make a new higher price or near the Resistance at 0.382% Fib Retracement. I'm going to adding...
From my perspective, Gold can goes up again soon. The close of the last day gave us a clue that Gold confirmed the Bullish Engulfing pattern from the Friday's market. The North Korean tension against US has also give us a power for Gold to climb up again. I triggered my Long Position today @$1283.50, with Stop Loss around @$1259. Good luck and have a nice...
Buy around $1274.50 - $1276.00 Stop Loss below $1273.50 Take Profit $1283.00 Good luck and have a nice profit!! This is just my trading analysis, this is not a recommendation or a suggestion.
Gold closed right above the 0.618% Fibonacci Retracement. As we expected that the 0.618% might be hold the pressure. This can be a good sign for Bulls, the price is showing us that it could be the bottom of the retracement. From $1.204 to $1.356, this area might be the new low for the higher low higher high sequence. I'll update the EW, our last setup is no...
Gold still under pressure. We should wait for a better momentum to entry long in Gold. NFP tomorrow could bring us a new information for Gold. Right now, we've got a Star candle on 2 days ago closed price. If today, the price create higher high and higher low, then this area might be a potential for good Support. We will wait and see for another...
From the Daily Chart we can see a downtrend, but today the price is about to breaking the Resistance trendline. From the Technical, if the price close above the Trendline today it would try to reach the next target from the Resistance before. Should be aware for today's close. Good luck guys!! Have a nice profit!
I initiate Long position @1308. With Stop Loss @1287. Today I just Buy Gold, from my recent post about Gold, this is the moment that I've been waiting for. The last run for 4th Wave, right at the 61.8% the price will be turnover to become Bullish model soon. If the price can maintain above 50% retracement @1304 today, there is a good chance for Gold to keep this...
From this movement we can see a chance for clearly breakout for Euro/USD. If today's close price below the Support, we can see the next target at around 1.1675. We can Short this pair after a clear confirmation. Should be good because for the first time, the Sellers will be dominate this pair. Good luck and have a nice profit!! Please help me with the " Like "...
By the closed price in Friday, I saw a candlestick pattern that called a Piercing Line. This is one of the basic candlestick pattern that shows us a sign for reversal movement, from the deep correction suddenly this pattern was form and could be a sign for the end of the 4th wave from Elliot Wave. From my perspective, I saw the 61% area from Fibonacci as the...