KingReni

KingReni

Overview: XAUUSD has been forming a strong technical pattern, indicating a potential breakdown. Based on recent price action and volume analysis, we see an opportunity for a bearish move in the coming sessions. This setup is supported by key technical indicators and unfavorable market sentiment. Technical Analysis: Trend: XAUUSD is in a downtrend with strong...

KingReni Updated 

Despite the heavy news of losses this weekend, Gold has not lost hope to remit bulls. Trade safe and wisely. All the best

KingReni

This has ebeen the fastest money making week for me and I am glad

KingReni

Gold has seen some bearish activity lately after the release of the FOMC minutes. Today is NFP with the close of the week. My idea is a completion of Sell to 1900 then a buy to 1926 to cmplete the M pattern retest. ShouldGold buy to 1926 the idea is unchanged. We will see to 1900

KingReni Updated 

This is the huge Gold pattern I see on the Daily time frame. It is possible to finish by next month

KingReni

We are channel trading Gold If Gold breaks high and reaches 1851, then price is likely to close at 1877 or 1890 before selling off. Any rejection will see Gold fall to 1800. I am bullish bias for now.

KingReni

We have waitied for this structure formation for a long time. I believe it is time for Gold to reached her intended target before playing dilly dally with people's money. Patience pays out. I am KinG Ren, Calling all Autobots!!! The Market is ripe for the taking

KingReni Updated 

I got my earlier analysis blocked because i shared a link to chat with me We have seen price move in the direction of my previous analysis. However, though we have huge pattern formation, we also have minor pattern formations that need testing. We will use the minor timeframe as a scalp and the huge time frames as Swings. We haven't lost 10 trades this year yet!...

KingReni

We have seen price move in the direction of my previous analysis. However, though we have huge pattern formation, we also have minor pattern formations that need testing. We will use the minor timeframe as a scalp and the huge time frames as Swings. We haven't lost 10 trades this year yet! It is a feather in our cup. I almost violated house rules.....

KingReni

Look Left and then look right Keep your eye on the price and don't loss focus.

KingReni

Give a thumbs up or dislike Bearish Scenario A sustained move under $1830 will indicate the selling pressure is getting stronger. This could trigger a move into the next main bottom at $1750.

KingReni

Give a thumbs up or dislike Bearish Scenario A sustained move under $1857 will indicate the selling pressure is getting stronger. This could trigger a move into the next main bottom at $1816.

KingReni

This is how people will lose or gain money. Hopefully we see a retest of 1872- 1874 before the dip

KingReni

trades we are in eurusd sell—-in profit usdjpy—- pending order gbpusd— sell on mam accounts in profit gold- sell on mam account 10,000 plus in profit

KingReni

trades we are in eurusd sell—-in profit usdjpy—- pending order gbpusd— sell on mam accounts in profit gold- sell on mam account 10,000 plus in profit

KingReni

trades we are in eurusd sell—-in profit usdjpy—- pending order gbpusd— sell on mam accounts in profit gold- sell on mam account 10,000 plus in profit

KingReni

Give a thumbs up or dislike Bearish Scenario A sustained move under $17720 will indicate the selling pressure is getting stronger. This could trigger a move into the next main bottom at $1714. Taking out this level will reaffirm the downtrend and could trigger a further break into the major Fibonacci level at $1518.00. Bullish Scenario A sustained move over...

KingReni Updated 

Gold is one of the most difficult financial assets to value. Gold is similar to a currency like the U.S. dollar or the euro because it is durable, portable, uniform across the world, and widely accepted; however, unlike these more commonly traded currencies, gold is not supported by an underlying economy of workers, companies, and infrastructure. In other...