NeptenFX

NeptenFX Updated 

SAXO:XAUUSD Hello traders, Today, we witnessed a strongly bullish move in the gold market. However, for tomorrow, I'm shifting my focus towards a potential bearish trade setup. There's a substantial resistance zone around 1980.00, which interestingly aligns perfectly with the Fibonacci retracement level of 68%. For a more confident bearish stance, I'll also be...

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TVC:DXY Hello traders, Regarding the DXY (US Dollar Index), I have two potential scenarios in mind. Firstly, I'm anticipating a move above the 100.000 area, and once that happens, I'll be looking for an opportunity to trade the retest on this significant support level. However, if the DXY fails to break above 100.000, my focus will shift towards sell positions,...

NeptenFX Updated 

SAXO:XAUUSD Hello traders, For tomorrow, I am expecting bearish momentum in the gold market. Currently, there is a noticeable bearish short-term trend in place. Moreover, we have witnessed a significant retracement to the Fibonacci level of 78%. Based on this setup, I am looking for a potential move back to the levels around 1940 or possibly even 1936. These...

NeptenFX Updated 

SAXO:XAUUSD Hello traders, For the upcoming week, I am anticipating bearish momentum in the gold market. I will be monitoring for a potential move up to the Fibonacci levels, as well as considering the presence of a strong resistance zone. Additionally, I will be closely observing the DXY (US Dollar Index) for a break above 100.000, as this could potentially...

NeptenFX

SAXO:XAUUSD Hello traders, For tomorrow, I'm planning to take a long position. Currently, there is a significant bullish momentum in the gold market. Additionally, we can identify a strong support level around 1920. If we consider entering a trade at 1920, we would be trading a very appealing head and shoulders pattern. This setup suggests a potential...

NeptenFX

TVC:DXY Hello traders, This week, I have my sights set on two potential trading scenarios. Firstly, I'm monitoring for a bounce off the daily trendline, which could present a buying opportunity. Alternatively, I'm also considering a breakout trade if the price breaks below the trendline, followed by a retest of the white support/resistance zone. Both of these...

NeptenFX

SAXO:XAUUSD Hello traders, Today, we observed significant downward wicks in the price action, indicating a strong presence of buyers in the market. This suggests a potential opportunity for long trades in the upcoming sessions, both tomorrow and next week. Additionally, the daily candle closed above the Fibonacci retracement level of 61.80%, providing further...

NeptenFX

TVC:DXY Hello traders, Today, we witnessed a retest of a highly significant resistance level at 103.500. Given this development, I am currently focusing on seeking new lows once again in the market. However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.

NeptenFX

SAXO:XAUUSD I'm currently seeking bearish opportunities for tomorrow. Today, we observed a failure to break the high of 1931, alongside the formation of a robust support/resistance level near 1926.50. My plan is to monitor for either a retest at 1926.50 . Once a bearish candle forms, I will enter the trade and set my stop loss above the high. My take profit...

NeptenFX

SAXO:XAUUSD Hello traders, I'm interested in taking a bullish stance on gold for Tuesday. To briefly summarize, I have identified three factors that support this position: Time analysis indicates a bullish outlook, as there is a noticeable positive trend line. Price action reveals the presence of strong support levels, which can be visually represented...

NeptenFX

TVC:DXY Hey traders, For the upcoming week, I anticipate a bullish trend for the dollar based on the chart formation and the recent achievement of new highs. However, it's crucial to exercise caution and closely monitor the news as they have the potential to swiftly alter the market direction. While the chart signals a bullish outlook, it's important to...

NeptenFX

SAXO:XAUUSD Hey traders, I'm currently seeking a short position in gold for tomorrow's trading. My analysis suggests that during the Asian session overnight, we could potentially see a rise up to around 1928. This presents a perfect entry opportunity as we would have a retest on a significant resistance level. Adding to the confluence, the Fibonacci retracement...

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TVC:DXY Hey Traders, for tomorrow, I’ll look for shorts in London session. If you have question on my idea let me know

NeptenFX Updated 

SAXO:XAUUSD Hey Traders, hope everyone made some profits out of my last idea! For tomorrow, I think it will be a day with not so much volume. Maybe we can see a move up to around 1975. Weekly/Daily/4h view is very bullish for me. I'll look tomorrow before the London session if I can find a trade setup like this, maybe a retest on a sup level or a move to the...

NeptenFX

TVC:DXY Hey Traders, hope everyone made some profits out of my last idea! For tomorrow, I think it will be a day with not so much volume. Maybe we can see a move up to around 103.400 and trade a simple sup/res trade down to the fib -0.681. Why I think it will come to fib -0.681 and then turn. I guess that there are so many who just wait to hit their take...

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SAXO:XAUUSD Hey Traders, I'm looking for a bullish move after the 1h candle close above my resistance level.

NeptenFX Updated 

TVC:DXY Hey Traders, I hope everyone already could make some money this week! For the rest of the week I'll look for new lows in the dollar under 104.000. Weekly/Daily/4h chart looks bearish, they all have HL,LL. The short body in the 4h view and perfectly match on the 78 fib gives me enough confluences. If you have questions let me know!

NeptenFX Updated 

SAXO:XAUUSD Hey Traders, I'm watching for a bullish move above the trend line again. Weekly/daily/4h chart views looks bullish for me. Dxy with his bearish move, I also uploaded what I think about the dollar, gives me another confluence. If the dollar stays above the white box and gives me bullish candles and the dxy looks bearish at this moment, I would enter...