decentshaw

decentshaw

Gold is moving on fundamentals. Technical also validates the fundamental changes in market. This week’s Fundamental developments: • FED kept interest rates un changed: Bearish for Gold • Trade/tariff war seems to settle Down: Bearish for Gold. • US GDP Results Positive: Bearish for Gold • Inflation: Results High inflation in US: Bearish for Gold. Now today on...

decentshaw

Gold: Price is Exhibiting Head & Shoulders Strcure on 4H & 1 H chart. 4 H chart is Bearish, Daily chart is Neutral to bearish. Price is under the IChimuku Cloud in 4 H. Daily chart is forming a death cross (20 SMA cutting 50 SMA) which might be completed in 1 day or Two. Currently Gold is trying to recover losses and on retracement journey. I am expecting...

decentshaw

Gold Analysis: Market Structure Exhibit H& S , Rejection from 3375-77 Level Yesterday has completed the bearish H& S structure (1H+4H). Which means Price will stuck in the lower range for now ( previous Weeks) Daily Candles are three black crows which means we are going deeply down. This Weekly candle is SCARY Bearish So far. Last line of defense for Bulls...

decentshaw

Gold: Price approached near Last ATH on firday. The price showed a rejection from the level. This rejection can be seen in the form of Wick on the daily chart and formation of Head and shoulders in 1H or Lower TF. I think price will pullback from this level and visit the area between 20-50 DMA. Allinging fundamentals with the technicals. Trump policy of...

decentshaw

Gold: Last week, market was dominated by fundamentals backed by Isarel- Iran escalation fears. Market behavior was odd and inconsistent. Thats what happen when uncertain fundamentals comes into play . We saw extreme volatility in start of the week, liquidation and slow movement in last week (relativity) in gold. Gold Weekly chart also show a loss of direction,...

decentshaw

Gold Weekly: Daily Candle is Healthy Bullish Engulfing with no Upper wick showing the buyers are in driving seat.4 Hours candles are like 3 white soldiers. Candle formation are totally bullish.The structure that made the breakout is inverted H&S on 4H TF. The price is above the ichimuku bullish cloud in Daily , also bullish in 4H. MACD is also green. Price is...

decentshaw

Weekly Chart show a Possible bearish reversal with Shooting star and Inverted Hammer kind of candle structure. Daily Chart show a spinning top followed by bearish candle. Hourly chart show a Double top/double rejection at 2180 a Head and shoulder structure in making. So what is next? This is possible reversal or strong retracement of the bullish trend. So what...

decentshaw

Gold: Gold is showing signs of deep correction. Last day Good US results has strengthen Dollar Across Board and this has caused the USD reciprocals selling pressure including Forex and Commodities. Today i see the correction to continue. My selling area is 2175-2184, with SL 2187.50. Target of this sell will be strong support 2150 if it this is broken,...

decentshaw Updated 

Read carefully. Gold is exhibiting Bullish Flag Structure on Daily Chart. Current Price structure is looking Like bearish (Making Lower Highs and Lower Lows) in Lower TF. But to me its consolidating with in range. (Consolidation Range: 2140-2180). Higher TF discloses the clearer picture. Currently 20 & 50 MA is restricting price movement above 2162-2165 (4H TF). ...

decentshaw

Gold: From Monday i was of the view that Gold bullish run is showing sign of Exhaustion. I have a clear predefined target of 2162 and 2153 which is successfully Met. Gold Made a retracement till 2150 which is also Fib 61.8 Level, identified. It was 300 Pips Move. Now Gold Exhibits a inverted Cup structure on 4 H chart. Which compels me to think, sell the Top...

decentshaw

After the FOMC minutes release yesterday. Gold Maintained its bullish structure. Price has fixed above the 20-50-100-200 MA on 4 H chart and price is also above the 20 DMA . Currently 50 DMA is resisting the price hard but i believe on further visit price will cross the 50 DMA at 2032.50. WIth price going above 2032.50 (30 Pips above i see 2039 test as...

decentshaw

Gold Analysis & Forecast: The Gold is trading in a range bound Range (2020-2040) . The Price need to break these levels for further long term direction Bias. The Interest rate cut timing factor is all playing on the Gold Price. US Stocks has become bullish and factored in the Interest rate cut. And to some extent , beyond ETF , BTC has also factored in the US...

decentshaw

USD CAD- Continuation on bearish movement as per daily chart. Price is expected to follow the direction of 20 DMA. My trading strategy as per charts.

decentshaw

There is a breakout of ascending triangle. Price out of Red ichimuko Cloud. Price above 20 SMA on 4H and Daily chart. MACD green. All indicators are pointing North. Dxy totally bearish. Gold 2050 Breakout is more meaningful. I am expecting 2070-2090-2100-2145. Interest rate cycle on loosening verge , stock market and Jpy already celebrating it. Its time for...

decentshaw

Gold : The Friday Market behaved as per my prediction. We entered into the sell on breaking of 2020 and which went deep down as per analysis. (refer to my previous post) The 2000 Support level is also broken , however, the 200 SMA (4H) defended the bears attack. So what to expect? As long as price consolidates above 200 SMA (4H) and reclaims the 21 DMA I will...

decentshaw

Gold: Today is US NFP announcement, the NFP day. Gold exhibit mix signals. Its chart possess multiple structures. From Bottom it is inverted Head and shoulder. From up is has vicious 2145 rejection wick Head and shoulder. And from yesterday touching of 2039 level it has left another head and shoulder on 4 H chart which exhibits selling pressure is dominant. On...

decentshaw Updated 

Gold: The significant development on Friday is crossing 2049-2052 level. This is major development. The market is celebrating the potential interest rate pause & future cut in interest rates in 2024. This is the feature of the market that it discounts and counts "In Today" the future developments and effects. This is market efficiency. Next week i see a choppy...

decentshaw

US 30- Buyers Dominate the market. Next Target 37000 Buy on Dip