QueenMalik101

QueenMalik101

Hi all, my thoughts for Gold this week. I will be watching 1770 closely , if we break about 1808 I will join the bull run aiming for higher highs. However my eyes are also on 1680 this week Let’s see how this goes Good luck traders hope you all have a profitable week

QueenMalik101

What to expect from gold this coming week? As per my previous weekend analysis the downtrend continued with retest of 1780. We had a swift break upwards in reaction to FOMC but it was short lived and gold continued respecting the descending channel. Which way next ? It seems buyers came in strong at 1738, however I feel bears might might just have one more...

QueenMalik101 Updated 

Hi All. So what did we see Gold price doing this week ? Exactly as I predicted on my previous weekend analysis we did indeed see 1750. What next ? gold will consolidate through most of Monday morning after which I expect retest of 61.8. If 1780 is broken we may see 1800-1825 . However currently there are more signs of continuation downwards with lower highs...

QueenMalik101

Hi All , positing my usual Sunday analysis earlier this weekend ! Since I know some of you eagerly await. Ok so , we watched a lot of slow and cleans moves from Gold last week due to no high impact economic news . This gave traders time to make more relaxed entries and exits. Which was nice for a change ! Moving forward what can we expect ? My analysis...

QueenMalik101

These are all the key prices to watch for the week ahead Personally I still view gold as long term bearish and I will look for an opportunity to short as price did not break out of strong resistance zone despite the negative news, price was exhausted at 1833.99 . Resistance and poor negative news rally are my confluences along with my ongoing analysis and...

QueenMalik101

Like the old adage goes , when sentiment subsides , reality becomes apparent ! I asked a question over the weekend along the lines of something like this; Did the news pump the price ? A fair answer tto that would be Powell Dovish comments did indeed lead to the rally on Friday 27th August . I still assume the opinion of gold falling after today’s short...

QueenMalik101 Updated 

Unless Gold breaks and holds 1720 any significant move upwards is out of the question ! As with my previous idea my opinion remains the same , expect more downside to 1760 I shorted 1818 today and hit all 3 TPs , my 4th entry is still running running and target is 1790. Let’s see how this plays I’ll be back with more analysis through the week !

QueenMalik101 Updated 

Did the news pump the price ? That I shall leave for everyone to conclude themselves ! I think the price will stabilise by Tuesday and I will short with a tg of 1750

QueenMalik101 Updated 

Gold is currently ranging and there has been a multiple attempts to breakout of current resistance and support . On Friday we were looking at a possible break of support as we have noticed lower highs. We managed to trade the range with wins. So what is next for Gold on Monday , if we see a break of resistance I’m looking at highs of 1800-1810 price will see...

QueenMalik101

Gold has respected channel today and continues the upward trend. Gold is currently ranging side ways, I have spotted a bullish penant forming in 30M timeframe. I think if 1800 breaks we see resistant at 1808 a retrace and then Gold continuing its upward rally 1830 tg I may be wrong 1800, 1808 are areas of interest for me I will post an entry and exit in the...

QueenMalik101 Updated 

For Monday , if we see gold moving up my Idea is it will reach 1808 where it will find resistance , if it breaks it we will see 1830. However if gold retests 1750 and pushes downwards we are looking at 1720 . I’m on the fence with this one and personally will wait and not enter any trades until confirmation of either side !!! I will publish another idea...

QueenMalik101 Updated 

Potential short position . It breaks previous support will flow down nicely to 108.000 Set take profit 108.850

QueenMalik101

Gold is has gained upward momentum from 1750 as it managed to hold above 1750 we could see the price push upwards towards 1780. Time will tell

QueenMalik101

Let’s see for those who see this it’s a self fulfilling prophesy. I can’t see it go any lower than 1723 but I may be wrong . Small scalps for me today

QueenMalik101

Short term drop and will rise rapidly