momeah21

momeah21

Since Bitcoin hit it's recent bottom, price has been carving out a rising channel. we are now at the higher end of the rising channel. either we will break out and make a all time new high or expect a correction (I am of the second opinion)

momeah21

Hello Everyone, Last week has been a difficult week in respect to XAU due to the heavy consolidation. However, now the picture 'seems' very clear - i was skeptical about the bullish setup and now it looks like a bull trap. I am short from 1777.57 with my SL above Friday's high. Price rejected the 1784 structure zone and pushed right back down to the ...

momeah21

I wanted to give you guys a quick update on my view on XAU. I'm very skeptical of the recent bullish move in Gold (it could be valid) - For me I need further price action to convince me it is bullish. Price is still within a descending channel and I am expecting a follow through - I have gone short however; I will state we do not have sufficient evidence &...

momeah21

Gold broke out of a Falling Wedge and re-tested the falling trend line and respected. You will notice we have a nice rejection at the falling trend line zone on a 1 hour chart , during which bulls pushed the price up, however; by the end of the hour bears took full control. If my analysis is correct we can expect a fantastic Risk/Reward Trade. Good Luck

momeah21

Hello Everyone, If you have been following our ideas since mid August we have been making really good money selling Gold since 1800 with multiple positions (original idea linked) This analysis is based on the Long term future direction. We have been trading within the boundaries of a Broadening Chart Pattern for more than a year (the pattern characteristics...

momeah21

Further to my previous analysis we now have further confirmation by Price action forming a potential Bear Flag forming On a Daily Time Frame. IF valid we can expect a nice down movement to even past our primary target 1725. Like & Subscribe - Your support is greatly appreciated. Good Luck

momeah21

We are trading with in a Descending Broadening Chart Pattern Suggesting the our primary target of 1725 will be reached (we may go down even further!!) We can expect the next down move if the 4H candle is confirmed or we could have a move further up take out a lot of SL then continue the next down move. Good Luck

momeah21

Hi Everyone, Again we were correct with our analysis (see idea link) It looks like we now also have bear move confirmation based on the Trend Line third touch (wait for 4h candle to close) IF valid we can now expect at least to hit our main target zone of 1725. Like & subscribe for free analysis updates Good Luck

momeah21

Gold has retraced exactly as we expected based on our previous analysis (see idea attached) As my bias is bearish I will be looking to sell based on TL and structure confirmation. I don't like how Price Action was rejected at 1780 zone which implies we me have one more push up. Please keeping in mind FOMC meeting tomorrow, keep it safe 🤓 Good Luck

momeah21

I will be look to add another position this week on gold. With my preference sell zone around 1775/80 (depending on Price Action) Please Note: This week is a busy week for fundamentals with 10 high impact events in the economic calendar. Please be mindful whatever you are trading as we can expect high volatility in the markets. We also have the situation...

momeah21

Since the start of the recent bearish move Price has been within a downwards channel. Further pushes to the downside is still on the table. Looks for rejection at the following structure levels. Good Luck

momeah21

We are now sitting on over 500+ pips (See my previous analysis - linked) I feel we MAY go now and hit our final target of the Ascending Wedge Chart Pattern of 1725 zone after a potential correction. Keep an eye of the structures levels. Good Luck

momeah21

Yesterday was a very bullish day for gold rejecting the previous bear flag. However; I will be monitoring the current structures as I feel the we may have the move down today! Price has come back to the 50% fib zone & so far rejected it. will monitor on lower time frame for entry. good luck

momeah21

Last week we reviewed EURJPY (see Link) and felt price action was completed for the next push down based on a complex H&S pattern. Although it took it's time we made some great pips on this idea. I will be adding my 2nd position to this idea. Good Luck

momeah21

GBPNZD formed a Double top Chart Pattern which has been playing out nicely. In support of this Double Top Pattern we now have a POTENTIAL Bear Flag chart Pattern in play.

momeah21

Gold looks it has further move to the downside & and not ready to go up yet! We have currently formed a bear flag pattern with Fridays Price Action implying the push to the upside has been rejected. You could take a high risk trade when the market opens or wait for the market to confirm our analysis by implementing a SELL STOP order. Good Luck

momeah21

Hi, At being at the beginning of the week I was short on Gold if you took the trades we would have made excellent money :-) However; now I feel the correction is complete & we are ready to make our next impulse move. I have taken a high risk entry from 1790.43 and see how it plays out. I will update you once we have confirmation on Sunday if my bias is...

momeah21

Further to my recent daily time frame analysis we MAY have potentially a beautiful Double Top Chart Pattern in play. If we are correct we can expect a very good RRR trade. Good Luck