Week 51 is the last trading week before the market closes for the Christmas and New Year holidays. In terms of macroeconomic news, there is only the GDP data for the fourth quarter of the US. It is likely that gold will sideway before the holidays. The plan for next week is to watch for a sideway range between 197x and 204x. Main trend: Uptrend, but is currently...
Plan gold week 50 (December 11-15, 2023) The NFP report published on December 8, 2023 shows that all 3 US economic data are good, showing that the US economy continues to recover and grow well, increasing the strength of the USD (DXY) and putting downward pressure on prices of GOLD. With this downward momentum, gold can easily find its way to the 1965 area and...
Gold week 48 (November 27 - December 1, 2023) Week 47, as expected, because there was no remarkable news, gold continued to gradually increase thanks to the weakening of the USD with the expectation that the FED is about to end the series of interest rate hikes and may start the beginning of the interest rate cut in 2024 as the FOMC meeting minutes announced last...
Week 47 with uptrend but there was a good reaction when good reach the Resistance zone around 199x. This week do not have much news on US economic so i suppose gold price will get sideway. But we need to keep an eye on any news on war recently. Plan buy: 1. Buy 1972-1974 SL 1970 TP 1980 1985 1988 199x 2. Buy 1962-1964 SL 1960 TP 1971 1980 1985 Plan sell: 1....
Gold week 43 (October 23-27, 2023) The complicated situation of the war between Israel and Hamas caused gold price to increase sharply, however, if the conflict cools down, gold will be at risk of selling off. Week 43 has news about the US's GDP in the third quarter of 2023 with a forecast of a sharp increase from 2.3% to 4.3%, the predicted news is beneficial for...
- Gold price in week 40 moved sideways around 1813 to 1833 and repeatedly rejected the181x area. According to NF News last Friday, gold price got a fake decline to 1811 and rebounded upwards, indicating a short-term uptrend. - In addition, combined with some news related to the war at last weekend, may have A GAP on next Monday morning, so you guys beware of...
Hawkish FED holds rates steady. This will cause USD power (DXY) goes up and keep pressing gold price goes down. So this week we find entry to sell. Major Plan: Plan 1: If gold price break through 1923-1924, wait retest and sell 1925-1926 SL 1928 Plan 2: Gold sideway 1923-1929 then fake to 1931, wait it cool down and decrease under 1930 > sell 1929-1931 SL...
Week 38 (18 Sep - 22 Sep 2023) Gold Price break out 1915 then surge to 1930, but it is only take the uptrend back when it break out the supple zone in 1935. With the expectation of the Federal Fund Rate will stay remain 5.50% and all of good news for US economic recently, gold will have great pressure from the raise of USD power and it will fall again after test...
BTC will sideway between 40k-56k. We just need to wait when EMA89 D1 slowly go up until it hit the price, then BTC will go to moon, next target: 70 and 80k!