chrisolivera_

chrisolivera_

prediction for gold over the next 2.5 days

chrisolivera_

Quick little analysis I got together for how I think UJ will trend tonight and/or tomorrow.

chrisolivera_

failed to retest previous high. we should see it have a bearish trend down to the trendline plotted.

chrisolivera_

for almost two weeks we have been on a bearish trend with gold with the low from last Friday at 1195. ever since then we have been making higher lows as well as lower highs but it looks to be setting up for a bullish reversal and break out which will occur today. this doesn't mean it can't go bearish which it could still continue but I'm looking for a break above...

chrisolivera_

both looking like they are setting up for reversals

chrisolivera_

gold should make a retrace back up to the 200 EMA on m15 and ujsdjpy should retrace back down to the 200 EMA on m15. both have completes their cycles and should do end of the week corrections.

chrisolivera_

Some analysis I did live with my students. didn't post it in time before it played out but went almost exactly to how I drew it. Studying and hard work will pay off, just keep hustling! (you can see it better on m5 but it won't allow me to post it)

chrisolivera_

we are approaching a key resistance level at the 1232.75 zone. A bearish divergence started at the end of Jan and is still happening. I believe after price reaches the 1232 area we will see a correction happen and a downtrend to the 1196 zone before continuing bullish again.

chrisolivera_

price keeps failing to break below the 112.28 zone which is a key support area. Another fail to break could allow long positions to be taken up to the 200ema(blue) once the 50ema(red) is broken or possibly even higher. There is a bullish divergence on both Momentum & MACD

chrisolivera_

NFP should create highs and lows in between the two blue arrows I have placed on the chart providing a few good opportunities to trade UJ

chrisolivera_

NFP should create highs and lows between the two blue arrows I have placed on my chart. By doing so it will create a 120 pip range and provide some good opportunities for positions.

chrisolivera_

divergence with market price and momentum. market price is holding this level but momentum is bearish so there is a bearish divergence. on a break below the 1.0777 zone and a retest of resistance we should see price start to begin going bearish toward the 200EMA (blue)

chrisolivera_

Possible short down to the 1200 zone

chrisolivera_

on a break of 113.20 a long position could be possible. The next major resistance is at 113.75

chrisolivera_

looking for a break out of the channel at 115.8, a retest and continued bullish move.

chrisolivera_

the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.

chrisolivera_

USD Advance GBP Q/Q is negative so ill be looking to enter gold short with a 148pip TP and 44 pip SL depending on my entry.

chrisolivera_

If USD Advance GBP Q/Q is positive ill be looking to enter gold long with a 150pip TP and 40 pip SL depending on my entry. Also Momentum and MACD both made a higher low where as market price made a lower low.