I have been avoiding gold for a few days now because of the choppy market conditions and just the uncertainty in the gold market. However, i see a potential development brewing for some nice gains over the next few hours. Lets get into the analysis shall we: Price action was showing bearish sentiment for the last 24 - 36HRS but the conditions were...
As we approach the end of the week with gold making big moves throughout, It's starting to become apparent that gold bulls are a little bit cautious now, especially with the overbought conditions on my favorite chart for indicator confluence, the 4H. 4H chart is maxed out on RSI for the last few days now but as we can see in price action today, the massive spike...
We have had an amazing week with gold, breaking highs, strong bull power, gains, who doesn't love a bullish week. Now here's the issue, gold is looking severely overbought and im not sure how much farther it will be able to go. Me personally of course i can't direct when the market will switch, but i have a feeling it is imminent because of the consolidation shown...
The dust has settled from the fed rate decision, amongst the debris, we see gold made a nice move to 2600 (that i took advantage of happily) and also took a massive dump to the 2560s as of now. We can see potential for another bull run in the way the Hourly and 30M price action behaves. Bullish closes against small bearish candles indicate the bulls taking back...
As we grow closer to the Fed rate decision this Wednesday, we all as investors and traders are anticipating the movement of markets. From my current research, here's the current plan i have for tomorrow BEFORE the rate decision: Gold is tracing back to make up some liquidity, we have an easily read reduction in momentum shown by the downtrend resistance line I...
As we wait for Wednesday (interest rate decision day), we see that gold has had a relatively flat day thus far with the day before maxing out how high the price can go. I think at this point we have run low in liquidity which is causing price to lose momentum. That does not mean i think gold will be shorting right now and in all actuality, i think price has the...
So as we are awaiting this news filled week to unfold, we are aware of the news arriving for GJ tomorrow; or tonight rather. Per previous research, I have come to the conclusion that japan is interested in contracting their economic velocity for lack of better terms. That explains the decline GJ has been experiencing for the last few weeks to say. Nontheless,...
As we experienced earlier, GJ experienced a nice sell off for the last few hours of market open but if we look to the previous trading day, GJ was looking to move higher per my analysis from yesterday. I do believe this is still a strong possibility as we can take a look at eh 4H chart and notice 2 important things: - Strong bull candle close with long lower...
As we pay attention to the GJ, we see we have been shifting to a bullish sentiment for the last 2 days maybe; we are currently sitting on a significant level that can be used as a support to continue the bullish trend. I think it will play out in the bulls favor if we can see a bullish close on the 30M. I am currently waiting for the 30M close to determine my next...
New idea here tonight for my wonderful trading family. As always, share this idea if you enjoy the analysis. Let's get into it: XAU/USD as of now is in a consolidation zone ever since the market open at 5PM; the long lower wicks from the previous trading session indicate to me that the buyers are taking liquidity to move to a higher price level. What makes this...
Long time since I've posted here, Im thrilled to share that I will be more determined to sharing my trading ideas as they keep me accountable to always research and be educatd on my trades, so if you want to follow the journey and win with me, join my channel and lets make percentages. As we all know, we are waiting for economic releases tomorrow and this leaves...
Whats going on guys, welcome back to my page, hope you all had a wonderful trading day yesterday and carry that momentum into today. Ill make this one short and sweet As we can see, price has made a lower high on the 1H chart when some of us were asleep, this is telling me that a downtrend is prevalent and I should bias shorts over longs. This along with other...
Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes. Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see...
Whats up yall, back with another idea. This week has been especially hard for me to trade but its not stopping me, just making me even smarter. Without any further explanations, lets hop into this one. This early morning we can see price gradually dropped during early London session, and now we are at a point of liquidity, we can tell by the extreme candles going...
Gold Gold Gold, such a wonderful market to trade, such a beast to master. Whats up guys, i never show ideas for gold, but i think its about time i start posting more on here so this is the first step I suppose. Lets hop into it; as we can see, gold is in somewhat of a consolidation zone marked in purple, and this is telling us either price is preparing for a...
Whats up guys, Im back with yet another idea. We posting early this time but its time for me to get on my trading view grind for real. This on is fairly simple right now, and it involves 2 potential resistance levels. The first, which is marked in blue and the second marked in red. Price was pushing down heavily during the night and completely reversed during...
Hello Traders, i hope you all have had a wonderful weekend and first 2 days of trading. Me personally, yesterday wasnt too hot but thats OK, because we are here for a long time not a short time. Anyways, enough of my ranting, lets get into this idea. Yesterday, we observed that GBPUSD was on a mission to push up up up, making it apparent that we are in an...
Whats up guys, first off, i want to apologize for the idea yesterday, i totally f'd up on that one, but i promise ill do better this time! So its Friday!! The trading week has come to a close almost. Lets finish strong and start the week off right on Monday. Lets take a look a GBP: From my analysis, I see that price broke the level of support we used for a...