Hello traders, CPI is coming on US Tuesday. Any wish for gold's making a new high again is possible. But after such a long-time rising from the bottom since mid-Feb, it is very possible for gold making a fake signal for buyers or bearish signal after making a new high with CPI and turn down for a deep correction. GOOD LUCK ON THIS PLAN THIS WEEK. LESS IS MORE!
Hello traders, In the last few weeks, USOIL is continuing to rise from the bottom and making a bottom reversal smiling curve. Now it is facing some troubles. It finished a bearish candle last week on weekly chart which make it slowing down to rise. Once usoil down to test these levels, on weekly chart it will surpass the EMAS and looks like a weekly sideways...
Hello traders, USOIL finally make a fake signal for buyers. The flat uptrend channel looks good to stress oil for making a new high before a correction. The fake breaking through signal last trading days on 4h chart sending us a signal that it will turn down for a new swing down first. GOOD LUCK ON THIS SELLING PLAN. LESS IS MORE!
Hello traders, GOLD is finally sending us a clear signal that it is making a uptrend channel on 4h chart and the bull trend will not turn down easily before it reaches a new high in 2024. While dollars still bearish even though it broke through a downtrend line on 4h chart. It looks bearish again very soon. Perfect for this pairs, looks opposite as usual. GOOD...
Hello traders, GOLD is not good for bearish side traders last week. It kept running down sideways price action which looks like a flag on 4H chart, and then rallied up again on LAST FRIDAY to finish those flag corrective price action. But all these looks like the final move for bull to me. Check the left weekly chart, as long as Gold still not breaking through...
Hello traders, Last week, USOIL did not break through the weekly structure. Does it mean this smile curve fail? Not exactly, it looks like a longer time and wider space for USOIL to sideway move in at the bottom. Check this left weekly chart for details. In the 4H right chart, USOIL is making a bearish 4H top again, so it could be safer to follow this 4H bear...
Hello traders, GOLD is bullish on 4H chart since last Friday even though CPI AND PPI are both high for US. But check on this right weekly chart, GOLD is still running inside the downtrend channel and could make a new low after retesting the upper line of the channel. So go back to check on left 4H chart, we are now looking for a entry position to sell gold...
Hello traders, USOIL is looking good to make a bullish curve on weekly chart. This is good for traders with long-term bullish view. For next trading week, I would prefer to find opportunity to buy usoil with trading signal on 1h chart in LD and NY session. GOOD LUCK WITH THIS PLAN. LESS IS MORE!
Hello traders, USOIL is getting more and more bullish NOW. Check on this weekly chart, all price action is above the support line. And last week, usoil has finished with a strong bullish candlestick and price positions are all above EMAs on weekly chart. Try not to short USOIL this week, and follow the new trend just start, you could get more than you can...
Hello traders, GOLD is on still possible be bearish this week based on these reasons: 1. Broken weekly trend line 2.Bearish Top 3. Corrective wave (bearish) down to weekly support zone in a flat uptrend channel. GOOD LUCK! LESS IS MORE!
Hello traders, USOIL on weekly chart looks like about to break through up to finish bottom sideways price action. On 4H chart, it has just finished a leg up to break through the big triangle's pressure line and test the horizontal pressure line once. This should be good news for buyers of USOIL this week, meaning more and more buyers could probably join the...
Hello traders, On weekly chart, GOLD has started a dropping leg after double retesting 2070 since early Jan. It is bearish look on weekly chart as it is getting lower price position beneath EMAS. On the 4h chart, we can use the downtrend channel to follow gold's bearish swing one by one. The red one should be the focus one for now. It just starts Wave Red B on...
Hello traders, GOLD has been rejected from 2070 several times. The recent time that it is getting so close to 2070 happened last Friday with PPI. It has been dragged from pressure zone down 35 dollars. With retail sales today, it could be very easy to drop hard again to test price zone round 2000. But I won't say it is for sure. The best idea is that it...
Hello traders, USOIL is on my selling list today. It is so weak no matter what happen in the middle east. The trend line on 4h chart is about to be broken. Once it is, a retest of it will make a good chance to sell. Of course, you can take a try to sell now with selling signal beneath the EMA lines. GOOD LUCK! LESS IS MORE!
Hello traders, GBPJPY is looking so great for buyers. It got a higher low after rising from support zone and break the short term 4H trend line. It is very possible to break through the dash line on 4h CHART with the support on EMAS on daily chart to test 190-190.50. GREAT CHANCE! GOOD LUCK! LESS IS MORE!
Hello traders, GOLD has been sideways moving for 3 days on right daily chart. On the left 4H chart, it is still moving inside the red box which is a small range. So just focus on the last swing that it rising from and waiting for a confirming signal of the end of this swing to sell to fibo 382-618. GOOD LUCK! LESS IS MORE!
Hello traders, USOIL is on my selling list now based on these reasons on weekly chart. 1. Price break through EMAS. 2. Price makes strong bearish candlestick last week. 3. A retest of EMAS would very possibly provide opportunities for sellers. 4. Still no oil product country are or going to join the middle east conflict. High price of oil won't help US to...
Hello traders, Gold has made a triple top and now it is going to break the neck position. Yesterday Tuesday, gold could not break the neck position, and it will try again today. Let AB=CD to help us find out the target, gold could drop down to 1923 with wave B. GOOD LUCK ON THIS PLAN. LESS IS MORE!