ForexGoldIntraday

ForexGoldIntraday Updated 

OVerall gold is bullish. But after tapping 2007-2008 gold fell and broke the support side off the strong bullish channel. At the moment looks like gold is forming a head and shoulder pattern and also divergence is forming.Wich can indicate a bearish correction. It all depends on if around 1992-1994 resistance holds. If the right shoulder breaks. We need to stop...

ForexGoldIntraday

In my last post i mentioned priceaction wise a bullish flagpattern formed. We anticipated for the breakout and retest. Gold came wih a big spike move downs 140pips(posible manipulation) to wipe liquidity. Eventually gold broke the flag and gave a big bullish push. For now it seems like 1883 resistance level finally got broken and posible RBS(Resistance becomes...

ForexGoldIntraday

Hi guys. Quick update on gold. After the pinbar candle in daily timeframe. GOld fell around 300pips. COngrats to those who took my advice. TOday gold tested the strond 1953 resistance zone and gave a strong rejection around 220pips. In the higher timeframe gold is moving between a Chanel wich tested support 3times. Also a bullish flagpattern is forming wich...

ForexGoldIntraday Updated 

Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand. I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time...

ForexGoldIntraday

Gold gave a tuff run for most retail traders. After beeing bullish because of War going on. Most retail traders aimed for the 1953-1955 short. Gold broke that level with big momentum(posible manipulation again) wiping liquidity off the table and then a deep fall afterwards. Now that liquidity is gone i am short on gold around 1954. Expecting a pullback back to...

ForexGoldIntraday Updated 

Last week was a good trading week for us. But also a week to not forget how the market can be destructive. My overal view was bullish from 1810 on. Gold kept rising from that point. When the war striked gold even managed to rise around 250pips during market closure(weekends) I warned everybody to look out for gold wich could potentially rise. Gold is a save asset...

ForexGoldIntraday

GOodmorning guys. It has been a good week off trading. Made lots off profits. AFter fundamental news CPI gold fell deep toward 1868. If we look at H4 this is a good position for longs again because of H4 trendsupport. GOld managed to push a bit lower but eventually recovered during asia. In my opinion the bulls are not done yet. 1885-1888 is resistance. So big...

ForexGoldIntraday Updated 

After the this week market opening. Gold opened high in price. BEcause off the war whats going on in Israel. After the break off resistance level 1855-1860. In my opinion gold will continu to grow. Retest already happened in higher timeframe.1865 is the upper resistance level we need a break. Seller won't give up easy. FUndamental the Bank of Israel said to...

ForexGoldIntraday

After 9 long days of bearisch daily candles. The first daily bullish candle has formed. In my opinion the market sentiment changed. 1930 strong resistance broke and gold managed to form a higher high. From here on we need to focus on going long in the market with posible target as 1840, 1858, 1885, 1900 before the bearish move will start again. Keep in mind that...

ForexGoldIntraday Updated 

After a long bearish movement Gold managed to stay in a sideway movements since a couple days. This indicates that there is bullish pressure trying to put a break on sellers. In my experience this can be a trap for early buyers. There is a big posibility liquidity grab may occur. At this moment gold is ranging between 1830 and 1818 wich has formed strong support...

ForexGoldIntraday

Gold is still in a bearish movement. I expected gold to retrace from 1828-1825(montly low) Gold managed to give a small rejection but afterwards the fall proceeded. After the break of 1830-1825 support. Gold may fall as low as 1810-1805. This is were i will look for my last longterm buy. If 1805 fails and gold keeps declining under 1800 gold will drop hard and it...

ForexGoldIntraday Updated 

Last week gold suprised us with a big fall. In my previous post i mentioned a bigger pullback from 1858 level. WE managed to catch around 140pips. My initial plan was to short again around 1885. Unfortunality gold decided to fall earlier around 1880. We have 1 week low candle waiting at 1830-1828 wich in my opinion gold will tap this zone this week. From here a...

ForexGoldIntraday Updated 

After a very long decline in price, were and when will there be a proper pullback? In previous post i marked the support area off 1957-1960 for a posible pullback at this level. Gold reacted sharp to this level and managed to reject around 80pips. Eventually sellers will take there profit out the market right? So in my opinion this is at price levels were lots...

ForexGoldIntraday

Goodmorning guys. Yesterday was a suprising day for gold. Gold kept declining and broke 2 bigger support levels without a sweat. Especially the 1885 support suprised me. There was almost no rejection at this Support level. Below 1885 it's a free fall for gold because there is not much support levels located. For now i am waiting for gold to retrace first. and...

ForexGoldIntraday

In my previous post I stated that there is a posibily that gold will react to the 1905support/QM buy zone. It reacted scharp with a 60pips rejection. Congrats to those who took a buy there. After this zone gold fell again tested the psycological 1900level. During Asia session gold managed to fall below 1900. For now i think gold will fall towards 1895-1893....

ForexGoldIntraday

In my previous post i mentioned that there is a posiblitity for gold to fall. Yesterday gold did fall below 1915(previous support zone) after a small retest(support becomes resistance)In my opinion gold will fall further towards 1902 area were another support level is and also QM buy zone(1902-1907)(higher high and lower low) 2 options. GOld will respect this...

ForexGoldIntraday

Hi guys, Just a quick update on gold. Overall gold is still bearish in the bigger time frame. Gold managed to stay under the descending channel daily resistance wich there is also a strong resistance area located around 1930 levels. During market openening gold managed to reject at this level. In my opinion gold can fall back to 1915 support level or even as low...

ForexGoldIntraday Updated 

GOld managed to fall to 1914-1915 area. This is were a support level is located. From here gold will climb toward 1930 area. If it breaks with confirmation. Add more buys. if 1930 holds it is posible for gold to fall from here again as far as 1900 and below. Although 1914 is buyers area. As long as 1928-1930 won't break were still on the bearish side off the...