nikdobii

nikdobii

simple trading - follow the trend A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. NAS100 has officially broken below all bullish trend lines on the Daily. NAS100 is looking to create more sell pressure. With NAS100 being at the top of its weekly trend, look for a correction. Massive sell if...

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Simple trading - cup and handle We have been patient. Now we take advantage! GJ did not make it down to the .5 on the Fibb but instead rejected early at the .382. This is no problem as the cup and handle pattern is a bullish continuation pattern. We had decided to take advantage of the sell opportunity (you can see in the previous charts below) After very...

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simple trading - follow the trend Gold is trading below the Bull trend line. Closer and closer it approaches the bear market zone. USD remains stronger than ever. BULLS : Don't panic yet. Gold could easily pull up to the previous zone. 2035-2050 Currently gold is trading back in the zone where it had lots of bullish momentum. *Will the Bulls have another...

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Simple trading - cup and handle We have been patient. Now we take advantage! I think we can safely say GJ is making lower lows. Watch the break and retest of the recent zone low. This trade could break to the downside this week or next if more lows continue. Look for the bottom around 184.00. *Pay attention to Daily and Weekly timeframes

nikdobii

Simple trading - A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. Wait for a retest with bearish candles.

nikdobii

Update: Still following the 4hr head and shoulders. The market completed the right shoulder last week. EU has confirmed a SELL position by retesting the previous resistance level. and rejecting. If the price manages to remain bearish... continue to sell. I was patient enough to get a really solid entry on the 4th retest to the Bullish trend...

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simple trading - follow the trend Gold is trading below the Bull trend line and back into the bear market zone. with a strong USD let's see if gold can remain bullish. The past 2 red flag news have brought gold lower and lower. BULLS: Don't panic yet. gold could easily put up to previous resistance. 2035-2050 BEARS: Wait for more bearish rejection and look...

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simple trading - CONTINUE FROM LAST GJ has been in a bullish sideways market for some time now. we can see that the price has returned to the top on the bullish trend. BULL: Wait for the price to remain bullish. wait for a break and retest above the current high. Once the market has rejected the previous high with bullish momentum... Then and only then we can...

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simple trading - double top the wait is over... hopefully. in this market, you can't ever be too sure. With that said take this trade with caution. we are looking to take advantage of a cup and handle that may be forming on the 4hr chart. BULLS: YES, we are in a bull trend. But patterns form, and when a cup is formed, a handle typically follows. I am certain...

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simple trading - we wait gold may spike out of the 2025-2017 range. wait for a confirmed breakout. (Break of structure, retest to area, and continued bullish/bearish candles) Do not rush. patients! I recommend waiting for USD news on Wednesday and Thursday ( Green Vertical Lines). BULL: HIGH risk at the level! I'd look to buy if gold manages to push above 2035...

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Gold will fall, it is inevitable. Gold has lost all bullish momentum. Gold is now trading in a sideways market moving into a bear market. PLEASE REFER TO MY 4HR CHART FOR GOLD

nikdobii Updated 

Gold will fall, it is inevitable. Gold has lost all bullish momentum. Gold is now trading in a sideways market moving into a bear market. *Gold is trading under the 200MA. (white line) *Gold is trading below the Bull trend line. (blue lines) *Gold has already made a retest to the bull trend and failed to close above. BULL: on the 24th (Weds) and 25th (Thurs),...

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simple trading - GJ has been in a bullish sideways market for some time now. we can see price has made its way back to the top on the bullish trend. BULL: Wait for the price to remain bullish. wait for a break and retest above the current high. once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy...

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simple trading After a form of a teacup, a false break out stopped us in profit. Moving into last year (Dec) we see the market create a head and the market completed the right shoulder last week. EU has created a potential SELL position by retesting the previous resistance level. (1.0910-1.0892) If the price manages to hold. Watch for bearish candles to form...

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gold is looking to break out of the sideways market. key levels to watch Buy @ 2045 Sell @ 2035 Due to gold being in a downward trend at the moment, we keep it simple. we are taking sell trades.

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simple trading. head and shoulder pattern is complete. gold is making a pullback to the 2060 area. after hitting support gold could make its case back up to 2060, before further decline. watch the price for bullish candles. 2060 could also be a liquidity zone for gold to make a new ATH

nikdobii

simple trading - 4hr zone a double top with lower high - SELL bearish wedge - SELL retest on main resistance (orange lines) - SELL pressure confirmed The first week of the month = high market liquidity. watch the support zones, this is where the price jumps too. wait for bearish candles

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No need for a major explanation... But of Couse we can not be bias, So with that said: Overall: Buying Pressure remains constant for nearly 2 weeks. So, expect a test back up to resistance (1965) with higher gains or... due to the DAILY consolidation, there could be a possible drop on gold back down to deep levels like 1920. Bulls: Watch for pull backs to...