Candlestick Analysis
Advocate continuing to short goldIf you have been following my trading strategy, you should be aware that I have already initiated short positions around the 2900 level. Currently, gold is trading near 2910.
After reaching the 2905 level, gold unexpectedly failed to produce a meaningful pullback and instead extended its rally beyond 2910. However, the bullish momentum is gradually losing steam, and gold is approaching short-term trendline resistance. I anticipate that once gold tests this resistance level, a retracement toward the 2880 region, or even as low as 2860, remains a strong possibility.
On the other hand, despite gold’s strong uptrend, we must remain cautious about macroeconomic factors. If the Trump administration continues to advocate for a strong U.S. dollar policy, potential intervention in the gold market cannot be ruled out, which could pressure gold prices.
From a short-term trading perspective, I do not recommend chasing longs at this level. I am still holding my short positions initiated around 2900 and have just added to my short exposure above 2910, anticipating a corrective pullback as projected.
Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GBPNZD: Explanation of the Bearish PatternGBPNZD recently reached a key resistance level and formed a head and shoulders pattern.
Last week, the price broke below the neckline and is now retesting it, showing a strong bearish response.
Selling pressure seems to be building, suggesting a potential downward move soon.
The target for this decline is around 2.1803.
Bitcoin (BTCUSD) - The Chicken Will Come Home To Roost From the week of 16th Dec 2024, we have been trading up and down within that weekly price range and the longer Bitcoin does so, the bigger the explosion; whether it's to the upside or downside.
I am anticipating a sell-off down to a macro equilibrium point which is $88,000 as the first macro draw on liquidity.
Dow Jones (March 2025) - Leading The Stock Index PackAs of recently, YM have been seen stepping outside of the usual correlation ES and NQ would have as YM is presenting me with lower prices for the week than Nasdaq and ES indicating that further downside movement is possible this week.
Just like the rest of the market, there is a lot of indecision based on the tariffs Donald Trump is waiting to implement and we are seeing the splitting image of human psychology for YM. Investors and traders are currently unsure.
Nasdaq (March 2025) - Taking Nasdaq On A DateMe and Nasdaq had a GREAT time last week; riding the lows and highs from sunrise to sunset. Even though the initial target of Mon 27th Daily candles wick encroachment was met, the upside potential was astounding.
Besides that, NASDAQ’s price action over the past 2 months has been lacklustre, struggling to trend and stay in one direction but it’s no surprise as with all the geopolitical drama happening all over the world has caused many institutional traders to sit on their hands and wait.
Dollar Index - Trump & TariffsWith a lot of fundamental conflicts at play, one being the tariffs war on China, EU, Mexico and Canada (we don’t know yet if any more countries will be affected), we are seeing the result in price action.
We are trading in a range from 110.176 - 106.969 and so far, Dollar has managed to support the weekly BISI @ the 107.500 region but also trade up to and reject the 109.770 HTF PD array.
Ultimately, it will be fundamental news that will grant dollar the necessary volatility to run to liquidity pools. My guess, to the downside
ZB1! - Immaculate Draw on Buystops! What’s Next?This weeks breakdown covers the similarities bonds and yields have and as mentioned in my most recent analysis with Yields, I was loooking for a draw down to discounted prices.
With that bias in mind, Bonds would be more likely to trade higher as they both highly correlated.
Nasdaq trade idea for 10 Feb 2025A break and close of 30 min candle above 21633 signals buys to the next zone
A break on close of 30 min candle below 21560 signals sells
I am more in favor of buys as market shows bullish momentum
TPs are next zones
SLs are generally 1000 pips - i am risking 5% capital per trade with 1:1- :1.5 RR
Goodluck
Start shorting gold before the marketGood morning, dear traders! A new trading week has begun!
Last week, I consistently emphasized in my trading strategy that gold still had the potential to rally towards 2900. Since the market opened today, gold has accelerated its upward move, approaching 2900, which suggests a short squeeze from a technical perspective. Additionally, in my trading outlook shared on Friday, I specifically pointed out that as gold approaches or tests the 2900 level, we must remain cautious of a potential pullback. If gold fails to decisively break through the 2895-2905 resistance zone, a short-term retracement to the 2880 zone, or even the 2860 level is possible.
In the short term, I will continue to look for short opportunities within the 2895-2905 range, anticipating that gold will pull back as expected, setting us up for a strong start to the trading week!
Bros, do you have the courage to try shorting gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
High Risk Sell Gold OutlookGold started the week by reaching a new all-time high near the 2,900 mark.
However, as I explained in my weekend analysis, while the overall trend remains strongly bullish, I anticipate a pullback to correct the 3,000-pip rally since the beginning of the year.
I am looking to enter a sell position with a tight stop-loss, aiming for a 1:3 risk-reward ratio to justify this high-risk trade.
GOLD (XAUUSD): Bullish Trend Continuation PatternI have seen a promising bullish pattern on hourly time frame on 📈Gold.
Following a new higher high, the market started a correctional movement within the expanding channel, known as a bullish flag pattern.
Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers.
It is highly likely that the market will continue to rise and potentially reach a new all-time high. Targets are set at 2880 / 2890