SteadyFund

SteadyFund

Gold has been on the rise for consecutive 2 weeks. Currently it is at the final leg of Elliott wave. I am expecting serious correction to come next week. Next week we should see price rise first and drop from around 3.4k. My optimal target next week will be 3172. Take note gold is super volatile. It can easily move more than 1k pips one day. Let's go down to...

SteadyFund

Gold is in strong bullish trend and can rise more than 1k pips within one day. This is crazy and poses great opportunity as well. I will look for buying opportunity from 3320 level and target 3415 today.

SteadyFund

Gold is dropping as expected from 3245 to 3195 and closed the day around 3210. Although gold is in undisputed bullish trend. I still expect the correction to continue at least to 3180. If 3180 is broken, further decline will cause gold to drop to 3140. However, if 3180 holds, gold may resume its bullish momentum. Let's see how the market plays out today.

SteadyFund

Although gold is in highly bullish trend, it won't go up without retrace. In 8hrly TF, it is completing 5th wave, I am expecting it to go down today. 1st target 3182, 2nd target 3142.

SteadyFund

Gold was very volatile last week, with single day fluctuation around 1k pips. This was caused by policy issue. After touching 2950, gold quickly went up until 3247 for the past week. The bullish continuation is still strong. I will continue with my buying orders as long as we don't see a red candle weekly or daily support is not broken. I will expect price...

SteadyFund

Gold broke every resistance yesterday and reached another ATH. The bullish momentum is very strong right now. I am cautious in taking shorting orders. Will look for buying opportunity from 3167, targeting 3225.

SteadyFund

Gold has found its support at 2970 yesterday and went all the way up, almost touching 3100. Ahead will be a strong resistance from 3105-3012. I am expecting it to respect the resistance and move towards 3025. If we see a red 4hrly candle, it will be downside confirmation. Let's monitor the price action closely.

SteadyFund

Yesterday good retraced further to 3020 and dropped from there. I am seeing further downside momentum but also reversal possibility. If we have a 4hrly bullish bar, we may see short term bulls picking up. Therefore, I am monitoring closely on these two levels 3000 and 2960. Will act accordingly on price actions there.

SteadyFund

Gold has respected 3000 support yesterday and went up all the way to 3052 as expected. After that, it dropped all the way to 2957, breaking 3k support. Currently it is trading above 2960 support. In regard of current strong bearish momentum, goldy should continue to fall today, at least in Asia and Euro trading sessions. I am looking to sell from 3000. 1st target...

SteadyFund

As explained in my weekly post, I am expecting gold to bounce from 2960-3000. In the opening of the week, it has already touched 2982. I will be cautious in selling today as my 1st weekly target has been reached. As long as 3000 is held, I will buy towards 3052.

SteadyFund

Finally we see another red candle on goldy. A lot of people said this could be the end for the bull. However, I don't think yet as currently it is only in the middle of the 4th wave. The next two weeks would be crucial. If we see another green weekly candle, we will be on the way to the final wave, which i think will be the end for the bull for this year. For...

SteadyFund

Gold was quite mad yesterday. After touched a new ATH of 3167, it quickly dropped more than 1k pips to 3155 and went back another 800pips to 3135. Finally it closed the day above 3110. While in smaller timeframes it showed bearish signals, in 12hrly TF, it is above EMA and daily support of 3105. I will be cautious about trading today as it is NFP today. In...

SteadyFund

Gold didn't break 3010 support yesterday and has formed a rising triangle as shown. This pattern is a sign of continued bullish trend. I will buy today and 1st target is 3162, final target is 3178.

SteadyFund

After gold closed the day with a red candle, it has now entered a short term retracing mode. Currently it is holding above 3110 support. If broken, I am expecting it to drop to 3087 today and bounce from there.

SteadyFund

Gold has been in bullish momentum without any sign of weakness. Therefore, I am only looking to buy today. There are three scenarios for today's trading: 1. when 3127 broken, trade upon retest 2. From 3111 support 3. From 3085 support

SteadyFund

Gold is in bullish trend but I don't think the path is so straight. Right now, I am monitoring the close of this 4hrly candle. If it is closed in red, price may go down to 3057. However, if it closes above 3087, price will continue to shoot up. However, I feel the chance for it to retrace is higher. Let's see what the market will give us.

SteadyFund

Gold has been in undisputed bullish trend. There were some days of consolidation at the beginning of the past week. I almost thought there were some serious corrections ahead. However, it quickly went up at the last two days of the week. Currently in 2W TF, gold is in its third wave, which is normally the longest. There is no sign of slow down of bullish trend...

SteadyFund

Gold didn't go down as expected but broke all the levels and the channel. It has now resumed its bullish momentum. I am expecting it to retest the channel top. I am looking to buy from 3043-3045 level and targeting 3072.