NasBaz

NasBaz Updated 

Lots of wicks thrown into the $1805, will look to capitalise on a sell towards $1790 before gold prepares to possibly go higher

NasBaz Updated 

We go on in again for one last short imo. We closed the other short trade @ +1%. As you can see price has potentially had a run on the equal highs, which indicates bearish momentum incoming. Therefore I'm guessing that the Jobless Claims will turn out positive in favour of the dollar. My bullish stance on gold still remains intact

NasBaz Updated 

I believe this will be the last push downwards before gold finally takes off. Nice Head and Shoulders on the Monthly

NasBaz Updated 

Will look to sell if approaches our resistance level. Could see continued dollar strength this week before dxy heads down

NasBaz Updated 

simple head and shoulders intraday short on gold, i want the low to be taken out first before we go higher

NasBaz

in the previous post i mentioned that a dip lower would not be ruled out. its looking more of a likelihood that we could get a move down to shake out any early buyers and potential sellers. i still strongly believe gold will rebound, but anything is possible. should gold break the 1750's, id shift to a more bearish outlook to take out the march double bottom

NasBaz

So gold fell as anticipated, but i was surprised at the rapidness of the selloff which gives me an even stronger bias that gold is preparing for the $2000 level. I wont rule out a downward spike into the 1750's but technically as it stands, entries around the support zone drawn would be ideal. i expect gold to begin regaining its losses properly as early as...

NasBaz Updated 

A surprise hawkish Fed outcome yesterday caused precious metals to take a significant hit, but the fundamentals havent changed. Inflation is rising to crazy levels, the dollar has no signs of strength. I believe gold will reverse in the coming days to the upside, the low of monday will be the last chance to enter imo

NasBaz

As you can see, we have a large scale head & shoulder pattern forming on the HTF. I have an inclination toward bitcoin having a mini rally to 48-49k in the next few days and weeks to fill in imbalances left during the selloff (refer to bitcoin futures chart to visualise gaps). I strongly believe that we are done with this cycle and bitcoin could head all the way...

NasBaz

Broke and retested support, entry off engulfing candle retracement, could play out very nicely.

NasBaz

Ive got a feeling that gold will go for a downward push once more before flying up. Entry @ previous resistance. Gold is messy right now, so Wednesdays FED monetary policy should give us a better sense of direction. If interest rates remain unchanged, and no hints of tapering, Gold will fly back up.

NasBaz Updated 

Gold has recently began making LH & LL after positive US data, but has since recovered a lot of its losses. Although confluences for this trade are strong (resistance + trendline 3rd bounce + 78.6 fib level) i do feel as though gold could push higher. Targets are 1875 --> 1855 ---> 1843

NasBaz Updated 

Straight forward entry, price is stuck sideways in an obvious uptrend. Price could still pullback so be patient

NasBaz Updated 

I still believe gold has a little bit of downside before we continue to reach for the $2000's. Before entering, wait for confirmations i.e. pin bars, wicks, engulfing candles, and enter on pullback

NasBaz Updated 

Price is making new lower Highs and lows, indicating that gold may take a breath from its overextended move to the upside. Immediate targets would be 1890. For added confluence, wait for close below trendline

NasBaz Updated 

Nice trendline + support entry, GBP much stronger than USD at the moment

NasBaz

Price is approaching the OB that caused the BOS on LTF

NasBaz

Imbalance filled, time to go down?