oyemyk

oyemyk

Due to the ongoing trade wars and rising geopolitical tensions; already existing and uprising between the US and Yemen this fundamentally provides more bullish opportunity for the safe-haven metal. The current price action also supports the bullish intentions with a Bullish breakout of the bullish flag chart pattern with price finding support at the resistance of...

oyemyk

Overall gold is still bullish. But it is forming important chart patterns: Head and Shoulder and Descending channel pattern. The pull back is to fill the imbalances left behind and afterwards an upward continuation can be expected. Only risk management will safeguard a trader amidst market uncertainties.

oyemyk

After Gold has broken out from the rising wedge and heading for the Weekly FVG and then to the Monthly which it would soon be creating This trade idea is a great way to follow the short-term downtrend. Always remember to manage risk.

oyemyk

Currently, Gold remains bullish as it’s fueled by Geopolitical tensions and uncertainty in the market regarding President Trump’s Tariffs plans. Gold has currently retraced to a 4H OB and lower low where the bulls may charge up to raise their horns. Traders should be reminded that it is important to use good management plan when approaching the market. Wishing...

oyemyk

Given that we have just broken a resistance level, and currently trading at an higher high level of the trend. The possibility of a bearish retracement for liquidity grab for further momentum upwards is in sight. Furthermore, the current Price pattern aligns with the structure Gold has chosen for this ongoing uptrend. It is importantly to keep in mind that...

oyemyk

Technical Analysis: The possibility of Gold breaking the current resistance is higher than ever. This is the courtesy of the recent symmetrical triangle breakout and buyers stepping in at premium prices to push the yellow metal further upward. Furthermore, we can see price maintaining the uptrend by respecting the trend lines; currently having price at a higher...

oyemyk

The setup above aligns with AMD and as we can see that Gold has mitigated the most recent supply zones.

oyemyk

The setup above aligns with AMD and as we can see that Gold has mitigated the most recent supply zones.

oyemyk

Since Gold is currently bullish. We can see a liquidity sweep of the previous day. There is an RSI Divergence at a 15 minutes Bullish Order block. An entry can be placed after 3min Breaker block has been broken and 5minutes Ifvg has been confirmed.