blaze22069

blaze22069 Updated 

I base my analysis on this Monthly chart, from what I can see Oil has come to an area of demand and I believe we could get a bounce here for a target of 25.50. 20 Handle seems to be holding at the moment and building a base for a push higher. I can see another level at 19.50 if 20 handle does not hold. I am keeping an eye at the moment.

blaze22069 Updated 

So we hit our Supply and at the same time Trump tweeted about China, news does not matter as it is all factored in. We are still long, DXY also rallied hence our drop in Gold.

blaze22069

Per previous chart and DXY, Gold is rallying. Correction tested a new zone and rally which broke previous high. We are holding our position

blaze22069 Updated 

So from previous charts, we can see that Gold penetrated the zone deeper with some retracement before it rallies back up. We are holding our position, target could be changed from 1500 to 1518(?). We can see previous high is broken when price penetrated our zone.

blaze22069

Same Analysis as previous chart on 4hr

blaze22069

Based on DXY and Higher Time frames on Gold, I still believe we have a long trade here. NFP results pushed price down to our demand level from the opposing supply. Target is still 1500 (key Level).