As we get close to the end of the month, I think it will be interesting to see what G/U does. Here is my take on G/U.. I am looking for continued sells but am also aware that it should be having a PB soon. Will that PB be a slight reversal? I think it is too early to tell, but will watching market open to closely determine my next move for this pair. Monthly:...
I think so.. Below are my thoughts on Gold for this upcoming week. I begin my analysis on the M and complete a Top Down Analysis. Here are my thoughts: Monthly: Overall trend is Bullish - will create new high before monthly closure (5 days) Weekly: Trend is Bullish - has created some newer highs on LTFs, expect some PB before ending the week with new highs...
Monthly: Overall trend is Bullish - has closed above prev high, will create new highs before monthly closure (25 days) Weekly: Trend is Bullish - week ended as a PB, could expect some selling pressure this week Daily: Friday ended in consolidation, will need more liquidity to go higher 4hr: has completed M formation, beginning bullish phase 1hr: has broken...
Monthly: Overall Trend is Bullish, experiencing PB Weekly: Candle opened bullish, pushing out of FVG, will be looking for buys and then sells by the end of the week Daily: candle opened bullish, looking for buys 4hr: Cross of EMA, opening bullish, once we have re-test of TL, will mean continued buys 1hr: is coming out of consolidation, looking for BOS and...
Monthly: Trend is Bullish, expecting continued creation of new highs before PB, candle closes in 15 Days Weekly: Overall trend is bullish, was creating new highs (on Friday), expecting to create one more new high before starting PB. (news will help) Daily: Overall Bullish, has created a new high, will need to complete PB before continuing higher 4hr:...
Weekly Trend: Bullish Trend, we have 20+ hours before the market closes Daily: Bullish Trend, has created new high, expecting to create at least one more high before sells 4hr: Bullish Trend, currently PB expecting to continue higher 1hr: Bullish Trend, have had a break out from a FVG, currently re -testing the 4hr before continuing higher Gameplan for the...
Monthly: Overall trend is Bullish, currently having a PB - 21 days for candle to close Weekly: Trend has created rejection candle, will be for buys and then sells by the end of the week. Daily: Is starting to create new trend created double bottom 4hr: Starting W pattern (pushing out of OB) but still has some selling pressure left 1hr: Still has selling...