Olajireolapoju

Olajireolapoju

Hello Traders!!!!! For those that have been following me on Gold and entered when I announce confirmation for a Bullish run above 1720. Now fold is in a very strong resistance area and it is important that we wit for price action before any sell decision so we don't lose whatever we have made today. I see the possibility of Gold getting to 1845 but that's a 50%...

Olajireolapoju Updated 

If you look at my chart very closely, I have only tried to paint a picture of what i have seen in the last few weeks. Gold is still generally on the downtrend when you look at higher time frame but looking at daily, it has been bullish for a while and correcting almost on a daily basis and retesting each take off point between 2 & 3 times but still bullish on...

Olajireolapoju Updated 

\In my earlier analysis, I mentioned I had a very strong bearish bias for gold but did mention I wasn't going to sell so easily until i get confirmation. What happened post NFP on Friday 5th of November post NFP changed the story for me and then has to increase my patience level. The I saw gold broke many resistance and found price closing above 1817 which...

Olajireolapoju

I have invalidated my short bais for now and waiting to see price action around this new resistance. if this resistance continues to hold till the daily candle closes. I will short Gold on a retest next week. Enjoy the weekend and stay patient. Regards

Olajireolapoju Updated 

Just looking at my weekly chart now and as you can see....Gold buy should happen only with very reasonable level of caution as I can see that the global view of Gold is a downtrend. I see Gold retesting 1765 in the next couple of hours or days but this does not mean that anything can still not happen as fundamentals can change the trend so will advise proper...

Olajireolapoju Updated 

I can see gold working on another key resistance at 1800.72. Let's see how this goes. A 4hR closure above this resistance level may take us to 1810-1818. Otherwise gold is going down. Buyers, please secure your entry or cash out if you have made significant profit. My short bias remains very valid for now.

Olajireolapoju Updated 

Could this just be the point of sale for Gold? I am still waiting patiently to see the action that price will take. Need to see that multiple rejections at 1777 area to confirm but still eyeing the possibility of $1784 - 1788 area.

Olajireolapoju Updated 

I really see that ETH has a very strong bullish momentum and I believe my chat is simple enough to understand. The possibility of ETH touching $5,000 is there is no major correction happening here is very high. Traders should however apply risk management. I have a very strong bullish bias for ETH

Olajireolapoju Updated 

Dear Traders, we may see a retest of 1784 - 1788 area before further downtrend continuation. don't be in a hurry to lose money.

Olajireolapoju

Now that the trend line is clearly broken... $1745 is somehow on the table. Still waiting to see price action

Olajireolapoju

Unless I see a close below the yellow uptrend line by the close of today's candle, my bias for gold remains bullish. Yes, I see the possibility of a retest of 1772 or 1760 but I'm more bordered about closure above or below the trend line. If gold closes above. I will look for a gold entry for a buy and if it closes below, I will look for a good entry for...

Olajireolapoju

Dear Traders, For this that believe that BTC is going to get to $100,000 without a major or medium correction, I wish you the best of luck. Truly speaking, when I applied by Fib technique, I saw the possibility of $76,000, and then at a breakout, I see the possibility of $100,000. However, prices don't move in a straight line especially for volatile assets like...

Olajireolapoju Updated 

I am of the opinion that a conservative trader who is already in a by trade should exit between 1813 & 1819 and wait for price action. Gold is Gold and it can always do what it wants to do sometimes but I see a good massive sell opportunity between 1830 - 1834 and a good buy opportunity anywhere around 1675 & 1682. I am only sharing my view based on what I can...

Olajireolapoju

I know this might look like jakajaka😂 to a lot of us especially when we don't have any interest in understanding what's going on in the crypto space and what drives crypto prices especially the king all cryptos, Bitcoin (A.K.A BTC), and its younger brother Etherium (A.K.A ETH). I am not a good teacher but will try and help bring out some insight from my simple...

Olajireolapoju Updated 

From my perspective, BTC indecision continues but and I am still waiting. I will only buy if I see a closure above All-Time-High of around 65k and a further sell if see daily closure below $53k. Patience doesn't hurt. Many of us lose money because we just want to jump into trade and chase price most time. For the past three days, BTC has not been able to break...

Olajireolapoju

A closure above the green line on the daily will be the signal for uptrend continuation whilst a closure below the redline signals a downtrend and we should what out for the pink rectangle on a downtrend. An uptrend confirmation can take us to $76k before any consolidation and we might just be on the way to $100k before any major fall. In my personal opinion,...

Olajireolapoju

I would really like to see a retest of 1787 before we continue downward. I see this as a very sweet entry for further sell with minimal risk and lot size. Please get greedy trading gold... It can make or mar depending on your risk management skills and the ability to be patient. Also, be careful and wait for price action before waiting for further sell, and do...

Olajireolapoju Updated 

I am more skewed towards a further downtrend on gold as gold broke daily support (green line) on Thursday 23rd September, 2021, and rejected daily resistance (purple line) today Friday 24th September 2021 I have been holding my sell from 1833 and taken partial profits at various key support and letting the rest run. I'm gonna ride this to 1785 and keep pending...