Easy_Explosive_Trading

Easy_Explosive_Trading Updated 

So the economic-data seemed good today for the Gold-price. Initially, at commencement of NY session today (Thursday) the USDX came rallying off its 38.2% retracement. But it quickly quietened down & retreated even further and Gold was able to lift somewhat. There are Heads 'N' Shoulders patterns that have formed on the USDX charts from 5m right up to 30m. See...

Easy_Explosive_Trading Updated 

It's Long Gold for the moment & I mentioned a break about 2500.21 would be the breakout point! I already see signs of the Gold rally losing steam. Well, let's call it a short term rally or a retracement rally of something greater. You see, since about midday Tuesday, so not even 48 hours ago, the USDX has been back-pedalling. I see it as a retrace to it's...

Easy_Explosive_Trading Updated 

XAUUSD 30m Chart. These are all basically rising-wick-bearish 30 minute candles. What I see here is a retrace giving the elusion of recovering price, however the bigger overall trend for Gold currently I believe to be down.

Easy_Explosive_Trading Updated 

GBPSGD.... Short... This has retested and breaking down at the neck right now! 4HR

Easy_Explosive_Trading Updated 

Hello traders, I wrote an article at the weekend where I said that a test and break of 2482 could send price way down to 2434. Please read the article here.

Easy_Explosive_Trading Updated 

This could be the start of another leg down guys! 2482 is that level where I see real weakness in the Gold-price.

Easy_Explosive_Trading Updated 

Mainly on the 4HR chart

Easy_Explosive_Trading Updated 

I saw this triangle develop of the 30m chart for Silver. Price appears to be breaking down from Triangle.

Easy_Explosive_Trading Updated 

This is the 4hour chart for Gold. Notice the current candle how bearish it is.....bears-pinbar!. See my yellow 9ema is crossing down on the dark blue 50ema. That is also a very bearish occurrence. Now 2482 is the neckline of an M_top system on the 4HR. Please read this article that I wrote at the weekend. I said that a breach of 2482 and the Gold price could...

Easy_Explosive_Trading Updated 

From what I can glean, the damage on Friday's Short came from an M_Top pattern on the Hourly-Chart. These breaches at the neckline are notorious for huge sell-offs. One thing I am being mindful of is a more extensive M_Top pattern on the 4HR chart. But the scary thing is that the neckline is only 0.69% down the Gold-price corridor. Scary stuff hey! But wait,...

Easy_Explosive_Trading Updated 

The Silver-price I noticed was holding up strong during this week because it's Chart until yesterday (Friday) was much stronger than Gold's chart. But as Gold sold-off on strength of the USDX rebounding to 101.50, as I'd been saying was about to occur, the Silver-price sold off savagely. This is the hourly chart for Silver. This is a 5 minute chart of where...

Easy_Explosive_Trading

Heads 'N' Shoulders' Patterns can be very lucrative and a pattern to keep in mind every trading day. They work on all time-frames. Often I see market structure price reversals on the 1 minute timeframe all the way down to 10 seconds. They will be easier to trade on the higher time frames as their price-action can be super-fast on these very low timeframes....

Easy_Explosive_Trading

Hello, I was saying all week that the USDX was going to be strong in it's recovery from selling off the past few weeks. I didn't think the economic data was all that bad during Friday, I think the damage set-in once the USDX started to rally on the retest and close above 101.50. As the NY session opened on Friday I saw a lot selling of the Gold-price as the...

Easy_Explosive_Trading Updated 

I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought...

Easy_Explosive_Trading

This is the 4HR chart for XAGUSD. I can see that price sold off on these 4HR candles and price has tried to retrace a series of times. But I see that price kept making a lower-high with each successive candles. I did have a Short in Gold but not long ago I booked a profit. It is quite possible that Gold has further to fall especially if the USDX breaks above...

Easy_Explosive_Trading Updated 

During the Thursday 29 August 2024, NY session of Gold & Precious metals trading, I noticed some good momentum in Long-positions, so priced looked to be headed up to test 2531.65 which is firm resistance (and below from 2528.50 & even beneath there), where on Wednesday during the Asian session a lacklustre performance in price-momentum of Gold relative to...

Easy_Explosive_Trading

I have an alert set on the USDX to monitor its breaking of the 101.50 area. A few moments ago it nudged 101.30 and I see on this 15M there is a triangle that could give it some momentum on a jump.

Easy_Explosive_Trading Updated 

Fib retracement of bullish candle 1HR timeframe XAUUSD