pierreradjudin

pierreradjudin Updated 

As I illustrated on the chart, xau / usd has now passed the accumulation phase and will be distributed soon. I predict a decline to 1850, but pay attention to the closest break to anticipate a possible re-trace (for scalpers). Technically it may be called a double top, but I no longer believe in hope-based technical analysis.

pierreradjudin

XAU/USD is likely to trade around the 1,900 level until the US election or a stimulus agreement, XAU/USD prices continue to fluctuate as investors weighed the better than expected economic data against the stalled US stimulus talks. XAU/USD , maybe continues to be centered around $1,900 for the time being, with a general lack of direction and momentum. Over the...

pierreradjudin Updated 

XAU/USD is likely to trade around the 1,900 level until the US election or a stimulus agreement, XAU/USD prices continue to fluctuate as investors weighed the better than expected economic data against the stalled US stimulus talks. XAU/USD, maybe continues to be centered around $1,900 for the time being, with a general lack of direction and momentum. Over the...

pierreradjudin

Actually I no longer believe in technical analysis, but this time I'm trying to make you technical analysis. It is clear that the head and shoulder pattern is clear. In my opinion, technically there will be a large decline in prices, before continuing the bullish trend. Don't be too complacent on technicals, adjust it to your trading plan.

pierreradjudin Updated 

It is very clear that the accumulation phase has been passed and will soon be distributed. Fundamentally there is nothing good that supports the performance of the stock market, technically there is also a clear bearish structure. if the stock market falls, dxy will fly, gold will be the worst hit because investors have to sell their safe haven to cover margin...

pierreradjudin

As previously predicted, gold has finally reached the peak of the speculator accumulation phase and will soon be distributed to retail. Likely to fall very sharply, before finally going back to continue bullish until the end of the year. Distribution phase will most likely take place tomorrow, but it might happen at the end of today's trading session.

pierreradjudin

as I described earlier, gold has passed the accumulation phase and will consolidate then continue with the distribution phase. For you to know, in times of geopolitical chaos in a country, people tend to liquidate their investment into cash, so what will happen to gold? of course down. this is my trading plan, please adjust it to your respective trading plan.

pierreradjudin

as we know, retail is only a shimmer of dust on the gold spot, prices are driven by big speculators and bookies. so think who will benefit from the movement of gold, it is impossible to drop it just like that, they must be looking for profit first, before dropping it again because of the strong USD sentiment recently.

pierreradjudin

Gold prices closed the week with a 5% decline as the precious metal traded well below $ 1,900 an ounce. For the next week, I am carefully watching the technical factors to see if this strong sell-off has ended as I was trading a large number of lots. based on the movements that I technically observe, the price movement seems to be forming a rising wedge pattern....

pierreradjudin

As we saw the price movement since entering the US session was very volatile, prices tried to increase in installments, but the decline was occasional but powerful. A rising wedge was formed and the price fell but was followed by a violent rejection, My prediction is that tonight the price will drop massively considering it's the last trading day.

pierreradjudin

Gold is consolidating between the levels 1861.00-1874. Gold cannot go down through the 1860.00 level then Gold is predicted to rise back to the 1880.19. If Gold is strong, it drops through the level of 1860.00, then Gold is predicted to continue to fall to the level of 1855.00 to 1851.84.

pierreradjudin

Chicago Federal Reserve President Charles Evans on Tuesday implied in the a speech that the Fed could lift benchmark interest rates, which currently stand at a range between 0% and 0.25%, sooner than the market expects. Higher rates may boost the dollar and make gold less competitive against interest-bearing investments. The stronger dollar is pressuring gold, as...

pierreradjudin Updated 

Surely you are confused where the price will move right? rather than just being a spectator better scalping with a proper RR of 1: 5, do trading between the break lines that I have already marked in my chart. Because the price is moving sideways but by using the 1 minute timeframe the movement is 300-500pips, using the 5 minute timeframe and execution on the 1...

pierreradjudin

Today opened with a negative open gap, even though it ended with a rejection candle, but still not managed to close the gap, it is possible to try to break the support 1 at 1945.01 again during the Asian session.

pierreradjudin Updated 

The XAU/USD exchange rate has revealed a rising wedge pattern. On Tuesday morning, the exchange rate consolidated between the monthly PP at 1,961.20 and there was a lot of rejection when trying to break the S2 at 1,937.55. From a theoretical point of view, the yellow metal is likely to continue strengthening against the US Dollar in a certain pattern in the short...

pierreradjudin

ahead of the NFP the falling wedge pattern is starting to form perfectly. In plain view on the 1 hour timeframe (H1), a perfect faling wedge pattern is formed. my prediction, correction towards 1911 then bounce 1946 or break 1946 without correction then continue the monthly bullish trend.

pierreradjudin

Today the market's focus is on the release of NFP data for August, the US unemployment rate is predicted to improve, but the US NFP data is predicted to fall. However, if the NFP results are released above the prediction alone, then this result has the potential to strengthen the US dollar against several currencies and gold. For today, the NFP bitch is released,...

pierreradjudin

according to my observation, gold is making an inverse head and shoulder pattern. An abnormal retracement makes gold look trying to reverse the trend. If it fails to break the monthly support, gold may return to its all-time high.