drsyizz

drsyizz

Hi guys, gold awaiting bearish pattern to complete in m15, h1, h4... then it should go down... trade safe

drsyizz

Hi Guys, Gold reached target from last week outlook... As for tomorrow, gold might rebound up to 1497 before going down to test the support at 1484 where a break might lead to 1460... Major trend still bearish, with optimism of the trade talk deal between US and China... Thus, my bias is short with possible swing sell target 1460 or lower... Wait for tomorrow...

drsyizz

Hi guys, As predicted yesterday, gold did go up and then down to break the uptrend trend line. With positive trade talk between US and China, it’s predicted that gold might go down to 1484 where a break would lead gold to 1460/1450. May all succeed in this today.

drsyizz Updated 

Gold broke the uptrend trend line. Wait for completion of H1 candle. Can go for sell. News on trade seems improving. Expect more downwards movement with target 1480.

drsyizz

Hi Guys, Gold acted crazy last night and this morning. I still hold my sell. Gold might go up to reach 1520, before falling down to test all the support. News, Trade War makes it even harder to analyze.

drsyizz

Gold bull seems tired. If it break the new support at 1504, it may go further down. target 1484..

drsyizz Updated 

Hi Guys, Based on the chart, gold maybe gonna try 1520 before falling down to previous support. Yesterday news pushed gold way higher but the resistance at 1509 did a very good job. My bias still short. RSI overbought. Likely the green scenario could occur to. ** I moved the line “resistance become support” upward to mark latest resistance

drsyizz

Hi Guys, Gold break last week support on Monday and went down to current level. Gold might try to test latest support at 1484 where it may rebound back up to 1500 / 1503 before going back down. A broke of 1484 will lead to 1461 or even lower. This week US-China meeting, expect positive outcome where USD might be strong and push Gold down lower.

drsyizz

Hi Guys, Yesterday gold move up to test 1520 after US data came out weak. But, rebound immediately short after the spike to current level. It's expected that gold to test the new RBS (resistance become support) and head to the second support. We'll see how the market play.. My bias still short.

drsyizz Updated 

Good Day! Yesterday Gold spike up to test the big resistance at 1503.47 after short retrace. Seems like the resistance hold well. As of today, gold likely to drop first to test the new support at 1484.45. Failure to break will bounce back up.

drsyizz

Update chart. Gold going down. Awaiting to break the blue line.

drsyizz

Hi Guys, Yesterday Gold bounce hard due to slower economic data from USD which might hint another interest rate cut. Thus, gold rise to touch 1487.06 before reversing downward. As of today, it's possible (H1 looking like a bull flag forming) that gold might try to break the resistance at 1487.06. However, the more likely scenario is that gold to continue falling...

drsyizz

Gold is downtrend now. 1506.86 is major resistance, while 1486.49 is major support. Last Friday, gold tried to look for 1506.86 but news pull it back downward. 1503.36 need to be broken to move upside towards 1506.86. Next week, likely that gold might try to reach 1506.86 where a reject cause gold to dive. Please do take note that major "Head and Shoulder"...

drsyizz

Gold is in the “Devil’s Zone” where it moves sideways. Be careful when trading in this zone.

drsyizz

Looking at Daily timeframe, I can see a reversal (bear) candle completed. Thus my bias will be short

drsyizz

Hi Guys, Based on yesterday movement, we can see that gold is in the "sideways" mode. 1500 seems to be a strong support which gold failed to break for the 3rd time. Today gold might try again to break 1500 mark, where it could break and fall to 148x (purple line below) or rebound back up to resistance level (purple line above). Based on news, Core Durable Goods...

drsyizz

Support and Resistance For Today.

drsyizz

Gold completing the H4 head and shoulder pattern. Might Retrace to fib 61.8 as for today (26/9/19), where it might go down to the red line to complete the pattern