Intraday Analysis - ( 14 FEB 2023 ) Price setting up for CPI data today with many choppy price action and no smooth upside or downside moves. However on the higher timeframe we can see lower lows printed respecting the bearish structure. Personally am looking at cpi to continue being high with a strong labour data as reflected on NFP day. Potential liquidity...
BTC OUTLOOK Due to bullish exhaustion at monthly resistance at 24k , i do expect BTC to have a minor retracement as we are in right now. We have CPI data to be released tmrw and my take on CPI is that we might still get high inflation due to how strong the labour market was last month. This would break down pivot prayers and would cause short term dollar strength...
Intraday Analysis - ( 10 FEB 2023 ) Bull flag longs were short lives yesterday as price went up to key price sensitivity area at 1890 whereby huge rejections were seen. Key level was warned ahead of time. Price broke out of bullish structure and below key support level at 1860 which gives us clean sells to the downside as per analysis since Monday. Will only be...
Intraday Analysis - ( 9 FEB 2023 ) Price still trading in a range, range plays are always valid however will be looking for break outs in days to come. HRHR sells 1902 / 1897 regions MRMR sells breaking back below 1876 Safest sells below 1860 A break of 1860s, will be targeting minimally 1830s giving us a solid 300+ pips with 1845 as a first target. Scalp...
Intraday Analysis - ( 9 FEB 2023 ) Gold is currently in a no trade zone as seen above, like i always say price always mirrors historical price action. Where gold is ranging now is exactly where gold was ranging while awaiting the last CPI data to be released. While we wait for this month CPI data to be released on the 14th of Feb , we are ranging as well. I...
Bullish market structure has been broken, looking for price to continue heading up to retest its previous highs. Keeping in mind that price is in a higher timeframe range hence will only look for further buys upon break of 1886
Intraday Analysis - ( 8 FEB 2023 ) Price still trading in a range, range plays are always valid however will be looking for break outs in days to come. HRHR sells 1902 / 1897 regions MRMR sells breaking back below 1876 Safest sells below 1960 A break of 1960s, will be targeting minimally 1830s giving us a solid 300+ pips Scalp buys are valid in this range...
Intraday Analysis - ( 6 FEB 2023 ) Follow up from yesterday analysis , buys were short lived during london session whereby we managed to bag a small take profit. Followed with sells during NY session right back to retest its lows again. However with failure to break the lows, im looking for gold to retest greater sell side liquidity as marked above for shorts....
Intraday Analysis - ( 6 FEB 2023 ) GOLD ANALYSIS AFTER STRONG LABOUR DATA Dollar created a new Low during FOMC which was short lived and the whole move was corrected serving as a liquidity grab when NFP data comes out much stronger as compared to forecast. This shows that with a stronger labour data , the market is able to withstand more rate hikes to come....
Swing trade has been a success as of today since longs was called out in late November leading into December. Using BTC as reference to all other crypto coins, we are up a solid 48.65%. Do i believe we will continue higher ? yes i do. Fundamentally the market sentiment has just started to shift. The relieve rally that we are experiencing now was expected but will...
Intraday Analysis - ( 2 FEB 2023 ) GOLD ANALYSIS AFTER FOMC The feds decided to go as per forecasted and raise a 25bps which was a slow down in rate hikes for months to come now. In a live weekly recap session i did mention a 25 bps will cause a rally across all risk assets, including commodities and crypto and the stock market. The fundamental sentiment has not...
Intraday Analysis - ( 31 Jan 2023 ) GOLD has been ranging due to lack of fundamental catalyst and anticipating FOMC and other Fundamental data release this week. HRHR buys at 1923 key level MRMR buys at 1935 key level Safest buys at 1939.5 key level However i will only look for sells below the daily zone whereby a new low will be created and there will be...
A few key fundamental data across the board next week to kick start Feburary 1) FOMC - 25 bps All risk assets moon , DXY continues its bearish momentum - 50bps ( very likely ) - Talks about extended rate hikes to continue its fight for inflation, DXY to gain short term strength and risk assets to continue its decline - 75bps Definite crash 2) ADP / JOLTS / USD
Gold took a melt down of about 200 pips from the double top formed at 1948-1950 region. Shorts were planned out as per analysis below 1934 key level backed with fundamental data released yesterday. Despite the melt down as shown yesterday with very strong GDP data, there is still no confirmations of market shift. All time frame shows no shift in structure and will...
Looking at gold to do pullbacks to retest higher highs again. Nice hourly double top sells if you caught it , break of neckline retest sells still valid. However keeping in mind the bullish sentiment of GOLD and the weakness of DXY has not change at all. Hence i will be looking for intraday to swing buys up for gold to the 1958-1960 region which has been expected...
NEWS PREPARATION FOR TONIGHT ( 18 Jan 2023 ) Technical - Liquidity grab during YCC News whereby there was short term DXY strength due to the weakness of the JXY. Price came back up and engulfed multiple 4hr candles to the left breaking this bull flag ( correction ) as seen on the chart. - Higher highs are forming now which we may see a shift in market structure...
Intraday Analysis - ( 18 Jan 2023 ) Will be looking at greater pullbacks on gold as a shift in MS is seen in the chart. As analysed during weekly analysis that we will adapt to sells through out this week and shorts were taken at 1924 region since Monday. We are extending the bias with Japan's weak stance on its monetary policy giving dollar some short term...
Intraday Analysis (11 Jan 2023) Will be adapting to bullish sentiment as of now until we see a shift of structure or a shift in fundamentals. CPI data will be released tmrw which will definitely shift the direction for gold. As of today , price is in a choppy zone as expected as we are at a weekly timeframe. If CPI prints above previous it shows that inflation...