Gold likes to move in patterns sometimes, and it's also worth considering that the orange rock is quite overbought right now. There's a chance that the triangle will be respected, and also there's a chance that we'll fly up. Both have their arguments, but the downward direction option is more likely to happen. Don't open any positions, because we can understand...
I'm opening my 13th position: The bull flag was broken, but it was not broken obviously and strongly, the passage was too slow to suggest that the current forming trend is now fully bearish. I assume we're going to fly higher from current correction. Here is my very cautious position: Opening: 2625 TP: 2635 SL: 2575 Let's see what happens next!
I have been holding my short position 2630-2615 for 12 hours now and I'll keep holding it because the bear flag looks pretty solid. But I'm opening a 12th Long position. Here's my little analysis for this position: It's really worth understanding that today we're expecting a giant amount of news that'll directly affect the USD, and therefore the XAU. Including...
I’m opening my long-awaited 11th position, and here’s what I think: I haven’t posted here for 4 days, I really didn’t know where Gold was headed. Now, after the latest news and announcements, things are much clearer. All the current news indicates that the U.S. economy is in good condition, and Middle East conflicts seem to be winding down. The last two days...
I'm opening my 10th position and here's my analysis: Have you seen how fast this big guy moves? Let’s discuss two scenarios and three assets. Here’s the 1st scenario: XAU, like BTC, is on steroids. The steroid is called "Global Nuclear War Threat." Countries in the 2nd and 3rd worlds, having easy access to BTC, use it as a safe haven. Meanwhile, 1st-world...
Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war. It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary...
Hey, ladies and gentlemen. In my personal opinion, while everyone else is thinking about gold falling again, I believe it’ll probably just keep rising to collect all the stop losses of the bears. Although the bullish trendline was broken recently, it’s creating a new trendline, probably a little bit thicker than the previous one. I think now, with this trendline,...
It's pretty much risky position, but I think with 60% certainty that what's going on right now with gold price is purely fasle and fake breakout of the trendline. Although I have an opinion that DXY currently on a Bullish flag and will soon skyrocket again, but it's in a 4 hour time frame so it'll not happen soon. While gold is transferred to bullish...
To be honest, let me just post a position without typing analysis too much. I have complete insight but I just want to post it really quickly. I'm opening my 6th position. TP at 2635, SL at 2580. All according to trendline. Don't use all your bank.
Alright boys and girls, it's all public now. I need to recover from my red square. You can see my reasoning and analysis below: So here's my 5th position: Oppening: 2610 Take profit: 2620 Stop Loss: 2550 For some reason I still think that Gold has no reason to go up. I think that billionaires are manipulating the market to make a fake trend. The bull may be...
After 2 wins in a row in 'Mind' section, I opened the 3rd position. Let's post here. Here is what I think: Gold price almost touched the bottom of the 6-day bearish trendline. Is there a chance that the price will go up? Sure. But according to my analysis and tools, the price will go down back to 2540 again with a probability of 75%, there is a possibility that...