SteveTan

SteveTan

XAUUSD is forming a triangle (a)(b)(c)(d)(e) (yellow) now before breakout to 2410 +/-..

SteveTan

Topglov probably completing its bullish triangle any time soon. with a target of RM2.00 +/-. What trigger its price fundamentally?! as like what make chart pattern (triangle) work?! same as most of us never asked why all planet are round shape / sphere in our own eye..

SteveTan

NVDA price probably stalled at its long term trendline resistance (red), price could have "crashed" till 31 +/- where there is a multi confluence zone. P/s What Powell's "power speech' cause massive sell off on coming 1 August FOMC rate /statement ?

SteveTan

FB / Meta share price probably either fixed by Donald before ..or will be adjusted by Trump after election..218 +/- is strong support as confluence zone.

SteveTan

BTCUSD was "supported" by Donald Trump. Wait a minute.. He is not President yet..So?.. Enjoy the roller coaster ride first before.... taking off to the Mars with Elon Mars.

SteveTan

XAUUSD probably having deep pullback till 2425 +/- while waiting for FOMC.. 2424 +/- is a multi confluence of : - 1) Volume Profile Upper Value Area ( Blue Horizontal Line ) which shown Gold's current price ranging zone. 2) Pitchfork Upper Channel Resistance Line (red). 3) )Quarter = 75% of Daily Candle's wick which act as O.B

SteveTan Updated 

XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..

SteveTan

XAUUSD possible start a deep pullback ( 1005 pips +/-). at 2335 +/- which is a multi confluence zone of :- 1) Monthly Pivot ( 2333.778 ). 2) Daily O.B. 3) Lower Support of Pitchfork

SteveTan Updated 

XAUUSD possible having a shallow pullback to 2420 +/- then drop till 2380 +/- before a deep pullback to 2440 +/-

SteveTan Updated 

XAUUSD probably completed its sub wave (A)(Green) of wave C ( Yellow Circled ) triangle. Probably resuming downtrend at 2422 +/- which it is the confluence zone of :- 1) Downtrend line (red) 2) Weekly Pivot (2426.147) 3)Upper Trendline of wedge pattern (yellow) 4) 4 Hours order block.

SteveTan Updated 

XAUUSD probably just completed wave B (Red) of an expanding flat ABC (red). As its price stalled at multi confluence zone of :- 1) Daily O.B 2) Lower Pitchfork Line Support 3) Weekly Pivot of S1 at 2368.553 4) 1hours 987 EMA (white MA).

SteveTan

SPX will probably having deep "correction" before US coming election on Middle of November. Where 4178 +/- level is a multi-Confluence zone of :- 1) Monthly Demand Zone 2) Weekly 233 EMA 3) Lower Support line of pitchfork channel.

SteveTan

Berjaya Corporation. A Conglomerate in Malaysia where many investors have xx experience .. after 1998 Asia Fianacial crisis. But with coming "new"....

SteveTan

GME probably having strong support at 12.68 +/-. As this zone is a multi confluence of :- 1) Monthly 233 EMA (white MA) 2) Monthly Order Block/ Demand Zone 3) Median Line of Pitchfork (Thick Blue). There would a probably a good support If there was a pullback toward wave E of triangle (yellow circled ) @ 12.68..

SteveTan

XAUUSD possible forming triangle patten in wave (IV) (blue). P/s Trading is about probability games the only 100% sure things "we can control" is our own risk/money management e.g :- 1) Risk/Reward 2) Position size.

SteveTan

XAUUSD reaching ATH again BUT Instead of forming triangle on "Base" before "Rally" to 2700 +/-at wave (IV) (blue).. Gold probably forming a complex tripe (W)(X)(Y)(X)(Z)(yellow) three pattern in wave (IV) (blue).

SteveTan

DXY dollar index as the king of cash. Tracking its 'direction" is vital when not just trading major e.g EU, UJ etc but Gold as well. What fundamentals news made dollar breakout? Rate Increase?! OR only 1 rate cut by end of year?

SteveTan

XAUUSD latest intraday wave structure probably shown that its ending diagonal pattern was "ended" at multi confluence zone of :- 1) Pitchfork channel ( Red ) 2)Blocked by 2nd daily order block 3) Upper Trendline of ending diagonal pattern (yellow).