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Simple trading - Wyckoff Event This is an extremely short-term pattern, and there is not much to explain here. Other than this, the pattern/event happens when the market makes a big dip and starts to consolidate. AKA "accumulation phase" Expect the market to fall back down to the previous support area 2595-2585. After this fall the market should reject support...

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Simple Trading - Wyckoff Event If the event has started then the dollar index will have one heck of a year coming into Q1 and Q2. Watch for volume change on the intraday day time frame and expect the trend to continue bullish. Long story short the DXY is growing strong with the rise of BTC and Donald Trump being elected President. Targets: 109.40 - previous...

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Simple Trading - Ascending Triangle Gold is overall bullish so if the pattern breaks, it should break to the upside. Of course, if gold can not maintain bullish momentum, it may result in a further decline in the price. This pattern may not break out until the end of Dec. maybe into Jan. with this in mind we are still about to take price action trades on the...

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Overview: Gold and silver have outperformed most other "safe haven" assets. These precious metals are ending the year with remarkable gains. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. Price: The Bull trend started back in March! (2040). Nine months of continued bullish price actions and...

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Long story short... The market is currently playing inside the zone 2625-2655. (30pip range) Gold should maintain above 2615. a Close below this level counld invalidate the Bump and run pattern and continue with more bearish pressure. Its NFP week and you know the USD has been gaining strength. Wait for the breakout above 2655 before entering another Buy. We need...

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Let the Trade ride! Understand pullbacks will happen but the price is in motion. Respect the trend. Gold has officially broken about the accumulation phase. Price has retraced back to previous resistance confirming new support. (2675) Keep in mind: Today Core CPI m/m and CPI y/y Thu Dec 12 Core PPI m/m and PPI m/m **Both of these red news events could shift...

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Simple Trading - Bump & Run pattern The 4hr chart has given us a beautiful setup. Before the run, the first entry was after the impulse trend was broken. Then, we waited for the price to make the second confirmation by breaking above the main "3 touch" trendline. With Gold remaining bullish after the DXY rose higher and higher, it only proves that gold is...

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Overview: Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values...

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Simple Trading - Expanding Wedge pattern Gold has broken above the expanding wedge and is now pushing for its target (2615). Expect gold to continue to the previous High (2600) and make a higher high. If the Expanding Wedge pattern plays out correctly, 2615 should be the next target. Keep in mind that there is strong resistance at the 2600 price level. Expect...

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Simple Trading - Triangle pattern Gold has broken from its bullish momentum and is now finding support in the triangle around 2505. Expect gold to continue to the previous low and make higher lows around 2490. If the Triangle pattern plays out correctly, the Price will break bullish above the recent highs and continue to the target. Keep in mind that 2 or more...

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Simple trading - Triple top Gold has managed to resist 2500 three times. Unable to break above 2475...Gold has broken from its bullish momentum. Expect gold to continue to the previous low and make Lower lows. *These are my thoughts, not financial advice.

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Simple Trading - Head and Shoulders pattern -PLEASE READ BELOW- Gold has broken from its bullish momentum and is now finding support at 2350. Expect gold to continue to the previous low and make Lower lows. If the Head and Shoulders pattern plays out correctly, 2400 should be the Highest gold goes before reaching the target. Keep in mind that 2 or more candles...

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Simple Trading - Cup and Handle pattern Gold has made a break from its bullish momentum and is now finding support at 2380. Expect gold to continue to reject the previous low and continue to make higher lows. If the Cup and Handle pattern plays out correctly, 2380 should be the lowest gold should go before reaching TP1. How to trade the pattern: Entry 1 is the...

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Simple trading - Consolidation Let's take advantage of a potential Weekly swing! Below is the weekly chart showing a potential zone for the price to bounce back and forth between the monthly highs and lows. EURUSD has already poked above the previous week's high. wait for the price to pull back and test the PWH and we can sell confidently with strong bearish...

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Simple Trading - Head and shoudlers Gold is still consolidating between 2350-2370. Expect gold to continue the range and let's take advantage of the sideways market. Has new 2350 become new support?? If gold manages to stay above this price, look to buy gold to 2415. (this should be the daily "W" pattern target) - see previous daily chart below. *These are...

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Simple Trading - "W" Pattern Gold has made its way back to 2390. Gold will be looking to retest 2350-2360 to confirm new support. If gold manages to stay above this price, look to buy gold top 2415. (this should be the daily "W" pattern target) *These are just my thoughts, not financial advice.

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Simple trading - Trend breakout BULLS: No more bearish liquidity on the intraday timeframes. With new higher highs, Gold may have enough momentum to head towards 2330 and remain above the 2340 price. CPI Report came back negative which may allow gold to maintain above the previous support 2310-15. BEARS: Gold has NOT completely rejected the 4-hour HEADS and...

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Simple Trading - Head and shoulders It doesn't get more simple than this. Pay attention to the pattern. With a Strong USD, Gold can finally take a break, make some moves to the downside, and retest some support zones. Gold is about to make a HUGE move to the downside if the price can not hold above 2325. Look to SELL NOW! Price is at the bottom of the...