makhosi_decodingwithme

makhosi_decodingwithme

Gold remains in a multi-week sideways range, pushing back towards resistance despite a stronger US dollar. The precious metal is back above all three simple moving averages and looks set to test $2,400/oz. next week.

makhosi_decodingwithme

Markets are underpricing the risk of a bigger sell-off in gold into the year-end, according to Kathleen Kelley, chief executive of research firm Queen Anne's Gate Capital. In 2020, many investors piled into gold as prices went from $1,600 to a new record high of over $2,000 an ounce. And based on ETF positioning before the big COVID gold-buying spree happened,...

makhosi_decodingwithme Updated 

Gold showing very good rejection off the supply zone.

makhosi_decodingwithme

Asian Scalp on Gold on break and retest. We are bouncing off an area of demand.

makhosi_decodingwithme Updated 

This analysis is made from the FED anticipation. Waiting for rejection confirmation from the demand zone, DO NOT ENTER WITHOUT A REJECTION.

makhosi_decodingwithme Updated 

After a huge sell-off from yesterday, I believe the downtrend is yet to continue.

makhosi_decodingwithme Updated 

Retested the broken level, confirmed by the CPI data.

makhosi_decodingwithme Updated 

Breaking of structure to the downside, as Gold does a correction.

makhosi_decodingwithme Updated 

Head and Shoulders on Gold and it relates strongly with correction that is anticipated on Gold

makhosi_decodingwithme Updated 

Rejection of a Supply zone, together with the FOMC Sediments of USD being hawkish.

makhosi_decodingwithme

I saw a rejection of a supply zone and since we are on a correction in regard to the sediments of the markets. Currently in the trade.

makhosi_decodingwithme

We reached an area of supply and I believe this is a pump and Dump because we have a lot of imbalances on the downside.

makhosi_decodingwithme

Retested a broken level, possible continuous short entry

makhosi_decodingwithme Updated 

During the upcoming meeting, I believe the Fed will cut the interest rates. Hence, my bullish on take on gold.

makhosi_decodingwithme

Gold is bearish, I am very bearish towards the fundamentals that will come during the week.

makhosi_decodingwithme

We might break the demand, however, we are on a long-term bullish recovery.

makhosi_decodingwithme

We are on a bullish retest and a significant demand.

makhosi_decodingwithme

We broke a key level and I believe the USD bullish run is coming to an end.