Gc_f
Gold is getting set for a rip-roaring bull trendWhether from recent lows or slightly lower lows, Gold is preparing for a major bull trend. The weekly chart displays a massive multi-year Cup and Handle with a smaller Cup and Handle appearing in the Handle of the larger pattern. My target in Gold is $3,400.
Is Gold forming a "Buy the Rumor, Sell the Fact" momentGold is attempting to complete a symmetrical triangle, which would be a bullish development. However, the current rally is being pushed by the threat of a Russian invasion of Ukraine. So, the market is in the "Buy the rumor" mode at the current moment. Should the actual invasion occur the market could evolve into the "Sell the fact" mode.
GOLD NEXT WEEK #19Forecast:
Addressing market sentiment regarding Gold backed ETF's, COMEX and BONDs etc. Daily chart analysis, looking at the Gold price from a broader perspective. Fib, 0.618 @ ~1848 is a potential target in May before a deeper correction.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
#Gold $GC_F killer buying opportunitySometimes I just get lucky. I was waiting for a buying opportunity in gold and Yellen gave it to me this morning when she stated "rates may have to rise to keep the economy from overheating". Gold then plunged over $25 dollars after breaching the shorter term high.
GOLD NEXT WEEK #16Forecast:
The bullish counter trend Zig Zag pattern might finalize the C-wave this week and reverse to the downside. If it is only a narrow correction or beginning of a new bearish down trend, I can't say, yet.
The fib, extension levels 1,27, 141 have been taken out. If bulls have the upper hand they might push price action to 1,618 @ ~1805 before price action reverses. I'll keep you updated. Trade safe, be well...
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #15Forecast:
Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish.
As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #14Forecast:
If price action follows up on the Truncation/Double bottom pattern, then we can expect a countertrend ABC / Zigzag pattern. B-wave, pull back target's between ~1712 or ~1699. Final bullish C-wave, target's @ ~1776 or ~1787.
If price action picks up bearish sentiment and breaks low of ~1678, then target's to look for @ ~1662 or ~1655.
I'll keep you posted... Trade safe, be well
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #13Forecast:
Price action is consolidating. Possible complex ABC pattern in the making. If volume is strong this week, UPSIDE target's @ ~1744,1745,1748. DOWNSIDE Target's @ ~1716, ~1714 or ~1710. I'll keep you posted.
Trade safe, e well.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields.
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #12Forecast:
If momentum is strong this week, target's ~1762 and ~1785 before correction, but if price action develops truncation @ ~1755 and reverses, target's @ ~1714 - 1709ish.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's
- $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #010Forecast:
A possible Bullish Ending Diagonal completion this week. Which means price action can drop a bit lower before bulls take over and push price higher. But, if bond selling continues then gold will drop also. Have that in mind. I'll update throughout the week as always. Trade safe.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / EFT's A-z, $DXY and US10/30Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: Nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus