SteadyFund

SteadyFund

Gold has been very choppy recently. It seems not having any clear direction. Although in weekly post I am bearish in short term, there is lack of momentum for it to go down. Currently it is traded within a channel indicated in the chart. I am going to trade on the channel top. If the channel holds, I will sell around 3330, towards 3250. If the channel top is...

SteadyFund

Gold didn't respect the head and shoulder pattern yesterday but also it didn't close the day under 3300, which makes it unclear for the move today. Therefore, I will trade the breakout today. If 3300 is broken, I will sell towards 3250. If 3320 is broken, I will buy towards 3340. Let's see what the market will give us today.

SteadyFund

Although I am bearish in my weekly post, I can not ignore the formation of inverted head and shoulder pattern in daily TF. I am switching back to bullish view. Gold is continuing its bull drive. I will buy from 3320. 1st target 3360. Ultimate target for today 3400.

SteadyFund

As explained in my weekly post, I am bearish in gold this week. Currently in 4hrly TF, it's still bullish. I am watching closely at 3330 and 3345 levels. If 3330 is broken, I will engage selling upon retest. Alternatively, I will sell on bearish signals from 3345. My target for today is 3300.

SteadyFund

In my half year review, I expected next half year gold will continue its bullish drive. Overall picture shows a bullish momentum. However, the road is not straight and could be bumpy. In 2W TF, there is a three drive pattern indicated in the chart with three red arrows. An immediate price drop will follow from this pattern. Therefore, I am expecting the price to...

SteadyFund

Yesterday Gold did move up from 3350 to 3365 local high and quickly dropped under 3330. But I see this drop as correction not trend reverse. Right now it has entered a consolidation zone. Therefore, I am looking to buy from 3300 and sell from 3330. Will trade between these two levels.

SteadyFund

Although gold didn't go down to 3300 as I expected, inverted head and shoulder did form yesterday. Moreover, in 12hrly TF, the EMA is well respected. Therefore, price should continue to rise today. For today's setup, I will buy from 3350, targeting 3400.

SteadyFund

As explained in my half year and monthly review, gold is still in bullish trend. The trendline has been broken and gold has regain its bullish power. Potentially it will form an inverted head and shoulder pattern. I will look for buying opportunity from 3300. 1st target 3350. ultimate target for today 3400.

SteadyFund

As shown in the chart, as long as the trendline holds, I will not engage any long term buys. I am expecting price to drop from 3317-3325. 1st target 3255 2nd target 3200

SteadyFund

In 6M timeframe, after breaking 2080, the price increase is showing exponential curve. There is no sign of slowing down. I am expecting continuous growth in the 2nd half of 2025. In 3M timeframe, gold is now in its 1st wave only. 2nd wave is expected to be at least same ratio of 1st wave, which will be at least up to until 4080. PS: You can copy my trade by...

SteadyFund

As explained in weekly post, my weekly target is 3200. In 8hrly TF, I have spotted a head and shoulder pattern. This is another confirmation of bearish continuation. I am looking for selling opportunity at previous support turning into resistance, which is around 3300. First target is 3255. Final target is 3200.

SteadyFund

Gold has been very tricky for the last two weeks. Although fundamentally and technically it all suggested bullish continuation, it retreated from 2450 and fell below the EMA and previous weekly low. In daily, inside bar has also been formed, indicating bearish continuation. I will mostly engage selling orders next week towards 3200. I have taken two weeks'...

SteadyFund

As explained in my weekly post, I am bullish on gold this week. Therefore, I will look for buying opportunity from 3388-3400, targets by 3487 for today.

SteadyFund

In my last week's post, I mentioned that the inverted head and shoulder has been formed and we should see price soaring up as long as 3300 holds. Indeed in this past week, after touching briefly 3300, price went through a few days of consolidation. I almost thought the trend has been reversed. However, I still followed my weekly instinct. And this week closes...

SteadyFund

Gold indeed rose from 3350 zone yesterday and almost touched 3400. As long as 3340 holds, I am bullish on gold. I will look for buying opportunity from 3370-3375. First target 3400 Ultimate target for today 3430

SteadyFund

Gold indeed rejected from 3350 yesterday and technically formed pattern for bearish path. However, due to fundamentals, it quickly reversed and broke 3350 resistance. This is how uncertain the market is. But it did follow my weekly view. Therefore, I am switching back to bullish view on gold for the rest of the week. I will look for buying opportunity when it...

SteadyFund

Gold has been stuck within 3300 and 3340 for a while. Yesterday after it reached 3347, it quickly dropped and closed the day below 3340. I could see the deceleration of bullish momentum. Currently 12hrly TF also prints a bearish candle. Therefore, I am switching my midterm view to bearish right now. I am expecting the price to test 3340 again today and watch the...

SteadyFund

Gold respected the trendline very well yesterday. After almost touching 3295, it slowly climbed up to 3337 and closed the day above 3320. 3337 is an important resistance level to watch. If this level holds, gold will drop and may test 3280 again before another bullish run. However, if the level is broken, we could see the price test 3400 resistance...