Youza

Youza

Here we are looking at gold on the daily form a bullish pennant on the brink of NFP with eyes on the US economy. Will we see price break and push to previous highs with the bulls? Or will bears look for fake-outs and bring price back down into the shape and beyond?

Youza

So I have hit a real brick wall. I have not hit it once, I have hit it over and over again and I need to reset and align myself to my strategy, edge and focus. What is the idea? Well I need to do some more drop down analysis to ensure I am focused and know where the market is going and which direction I am because without it, I am just gambling and I can't do...

Youza

We have seen price break from longterm triangle pattern and is now breaking out of a secondary flag pattern. We are surely bullish now and price is targeting the highs. On the daily price has rejected the 50% fib level so I expect a double top to form if not more past that. But for now a double top. Now we wait for further confirmation of the break and play for...

Youza

Looking at the 4h and daily time frames we can see that price has bounced/rejected the 382 fib level and could be looking to push higher. There was a small order block below around 2310 which price headed towards before making a reversal. This area presented the 382 fib level which has had some short term rejections. With this, the 382 is likely to predict a 618...

Youza

Price has bounced off the 50% fib level on the daily chart and has also broken out of the triangle pattern previously created. Price currently sits at resistance so there are no clear long entries to play here that would be safe to take, but if price drops to previously lows, or creates a new higher high, then we can be waiting for the next leg towards the highs.

Youza

With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards. Price is now forming a bearish triangle pattern with support currently being tested. The plan? - Hold for break of this key level of support - Wait for a...

Youza

Views for the bulls and bears on this one. price currently in the 618 382 fib zone forming variations of a flag and bearish triangle. Price still sits above the 200MA although very close - balanced market. - For bears we need a break below 2280 with views to 2260/2255. - For bulls we need a solid push higher and break of falling trend line support.

Youza

Price was below the 200MA which is RED MACD cross above the 0 line Short term moving averages are RED Entry on the close of the hour candle with SL at the previous high and TP at the lows. Currently running in the region on 190 but pushed to near 300 pips.

Youza

Rules for engagement: - Price must be below the 200SMA - MACD must cross above the 0 line (higher the better) - Price must then cross over short term SMAs (5&8) - Stops at previous high - Take Profits at the target low Here we saw price break down to create a new lower low and sweeping previous support. Price on the daily has broken below the 21 moving average...

Youza

Recently we have seen the price of gold push high to 2200 regions - breaking new highs and extending gains. We see divergence on the 4hr chart and possible MACD crossings on the daily which may indicate a possibly roll reversal into this week and the start of April. We remain bulls on this pair and look for pull backs taking price back to the highs with fib...

Youza

First entry was a little premature and we have entered again. (last entry was still active with slight hold given in channel). - Price is below 200MA - All MAs in order for sells - MACD has crossed above 0 line in sell side SL is 2166.20 TP1 2146.20 TP2 (LONG TERM) 2080

Youza Updated 

Price breaks below key support possibility to push even lower.

Youza

STRATEGY RULES: - ALL MA'S MUST BE IN ORDER AND ALL IN THE SAME COLOUR - PRICE MUST BE BREAKING OUT AND REJECTING KEY LEVEL We see 1hr candle close to closing above all Moving Averages and is pushing higher. A clear break out and retest of trend lines gives us some momentum pushing up. If candle closes above these moving averages then we can certainly see...

Youza Updated 

Pullback on GOLD presenting a multi layered entry zone. 618 pullback Support zone from previous resistance Higher High Lower Low play BULLS PLAN: - Watch lower time frames for price action entry - Stops below key fib levels and support

Youza Updated 

Gold has recently broken out of a bearish channel has retraced back to the 382 fib level. This predicts that price will head towards the 618 extension located at the 2140 region highlighted. Price reacted nicely within the buy zone between 382-618 levels and is not poised to push higher. BULLS PLAN: - Buy dips at support and wait for role reversals - Use...

Youza

Gold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza. Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards. BULLS PLAN: -...

Youza Updated 

Pull back at the open of this week presented a very lucrative opportunity to take gold through resistance around 1987 and push to the 382 extension at 2016. BULL PLAN: - Buy dips - Focus attention on resistance above and taking price higher - record highs set around 2075 / 2078

Youza

Its been a very BULLISH few weeks on GOLD and we are seeing price reach the highs of mid July 2023. Excellent trading opportunities as we have seen over 1000pips rebound from our previous lows only a month ago! MASSIVE GAINS!!! What happens from here? Well, price seems to be rocketing higher and there seems to only be only be a few things to advise as we push...