VIP_Trading_Technologies

VIP_Trading_Technologies Apr 21, 2021

sharing my view, you decide what to do from this range. Good luck-

VIP_Trading_Technologies Apr 21, 2021

You decide how to trade it from here.

VIP_Trading_Technologies Apr 21, 2021

I like it when the price moves inside the detected range. Went down and bounced from the supporting trendline. Currently in between EMA's and current candle suggests rejection from selling...

VIP_Trading_Technologies Apr 21, 2021

Currently trading off the channel and could be a false breakout as well. Unless we close lower it may continue to climb towards 1816 and beyond with some pullbacks in between.

VIP_Trading_Technologies Apr 19, 2021

Target seems getting closer. Back below EMA's so it seems doable for the time being.

VIP_Trading_Technologies Apr 19, 2021

Above EMA's and currently sitting on the POC area inside an ascending channel. Next target seems to be the resistance drawn in the chart.

VIP_Trading_Technologies Apr 19, 2021

POC is located at 59, we are flirting with a resistance trendline. Taking into account EIA data to be released in less than 24 hours I would be cautious at this level. We could heading for a double top. Currently above EMA's so the bullish movement seems appropriate.

VIP_Trading_Technologies Apr 19, 2021

Follow the trend. Just it.

VIP_Trading_Technologies Apr 19, 2021

Currently above EMA's and developping a candle of the descending channel inside a bigger ascending channel, therefore we need to follow the trend. POC is located at 1.21300 area so let's see how this plays out.

VIP_Trading_Technologies Apr 19, 2021

On the daily chart we hit EMA 200 and the critical area of 1790-1795, as lons as we keep inside the channels there won't be any major changes yet. Yields and USD are moving gold these days so always keep an eye on this correlated instruments. This could be a bull trap (bear flag as well). Very interesting area to monitor. All the best.

VIP_Trading_Technologies Apr 19, 2021

So far earnings season has been great for most of the big companies so it will probably keep climbing a bit longer before a major correction. Let's see the 34400 area.

VIP_Trading_Technologies Apr 19, 2021

After failing to bounce at the support trendline fo the ascending channel we may go on to the next support are before any reversal. Let's see how this plays out

VIP_Trading_Technologies Apr 19, 2021

Let's see how this plays out after failing to reach my target.

VIP_Trading_Technologies Apr 18, 2021

That's my view on this pair. Share your thoughts whether you agree or disagree. Cheers

VIP_Trading_Technologies Apr 18, 2021

I never short indexes because of the dividends BUT I can see a ceiling at around 34400-34500 level that may trigger a pullback to 32100 area. Perhaps a good area to open longs once there. Let's see how this plays out after earnings season.

VIP_Trading_Technologies Apr 18, 2021

+100 bucks in 13 sessions, I remain bearish on gold but closely monitor the area of 1795 to trigger my hedge. Should be go above 1800 then it will be a new different story but first things first. Let's see what happens below 1800 area and then we will consider other options. Anything above previous session high would be an opportunity to open short positions...

VIP_Trading_Technologies Apr 18, 2021

Too high, too fast? Perhaps we need to correct a bit further to make it interesting for new long positions. We hit already the target at 51K, a bit earlier than expected. Let's see if there will be another retest.

VIP_Trading_Technologies Apr 16, 2021

Great data coming from USA but gold flying, same as CHF as both are considered safe haven. We are in between EMA's so it seems uncertain the next move but will stick to my target.