Pric has been bearish on the higher timeframes and we have been waiting for bearish opportunities. We saw price retesting our previous breakout on the weekly timeframe with a successful rejection. Last week's candle was an engilfing candle which pushes this week's price lower. Our daily candle close...
On this idea we are not saying that the trend has changed , however, we do believe that price needs to retrace and retest for it to make another impulse. We are looking at price creating a minor bullish trend which we are targeting. As long as price stays above 1648.48 (previous impulse) we should...
Price has been continuing with its bearish trend. If we can have today's candle closing below 1662.66 we should see price pusher lower to creat a new low on the weekly timeframe. Ps! Watch price at 1655. Be careful as price might find some resistance there before pushing lower
On the higher timeframe, price is still very much bearish, however, for now we are looking at a bullish setup as price has rejected a very strong support and has to create some character before pushing lower.
As we expressed in our last gold analysis that price is at a tricky area. We are here to give you the bullish side of our analysis. Since price is at a tricky area, this is the area that markets will trap a lot of people and they do that by giving us stop hunts. Please watch price and see if it...
For the past weeks gold has been bearish. However these recent, more recent weeks price has been consolidating as we all know that price does not move in a straight line. At the moment, price has reached the high of our consolidation meaning price is at a tricky area. Please be patient and wait fo...
Gold has been bearish lately. Last week closed bearish with a wick to fill and since Monday all our daily candles has been bearish which is pushing price lower. With the clean traffic to our left, we should continue seeing price push lower. The h4 candle has already started the push. If we can have...
Gold started the week of bearish and breaking last week's low of which last week closed strong and bullish. Since price has set a new low, we can expect it to push lower. Hence why we are taking advantage of the low high set on the h1 and h4. This resistance can push lower, clearing out the traffic...
During Asian session price retested the low that was set last week and rejected. Pushed higher and gave us a high where price is at. The good thing is price also created a higher low at 1844.90 and if price can respect this level to hold, we should see price push higher to our target. For price to...
On the higher timeframes gold has been showing us some bullishness. If price can keep respecting 1849.30 we should see price push higher however we need price to close above 1855.30 to push higher.