Matrix_trader59

Matrix_trader59 Updated 

Currently retesting 4 hour supply zone which is in confluence with weekly level.

Matrix_trader59

1st target: 140.50, 2nd target : 141.00

Matrix_trader59 Updated 

We saw a third drive into the high and a huge drop to the downside from last week, looking for a retracement then a continuation to the downside. The deeper the retracement to the upside, the better. First target is 0.71150 where you would take a certain percentage of your profits and move stops to break-even and let the rest of the positions ride to final take...

Matrix_trader59 Updated 

Continuation on my last post. We are closely observing price to test the area for the second time completing our 3 point drive into an area of support. A move conservative approach would be to wait for price to break that descending trend-line and a retest and then go long. Target 2015.

Matrix_trader59 Updated 

After a huge bullish move on gold we are finally seeing the retracement. Price is currently at an important area of support and we would observe price action and go into a lower time-frame such as 15 min as i will indicate on my next post and see if we can get a three point drive into the area and then a reversal to the upside. Target 2015.

Matrix_trader59 Updated 

Price has reached a significant area of support/demand zone and that coupled with the fact that we are at the end of a leg of the downtrend towards that zone.Now we observe for three point drive into the zone in a smaller time frame, 15 min, which is already in play and we might see price consolidate for a bit before going up. Target, 125.000

Matrix_trader59 Updated 

Continuation of my 1 hour analysis. Already had the three point drive into the area of support. We might get another push into the area and then price would rocket to the upside. First target is 124.700 and second target 125.000

Matrix_trader59

On the daily time-frame price has been consolidating but we saw last weeks Thursday candle trying to push to the upside creating a wick and then Friday's candle dropped and closed out of the range created by Thursday's candle. This could be a signal that price is ready to break out of the consolidation with the downside being more favorable. What we could see this...

Matrix_trader59 Updated 

Waiting on gold to go deeper and deeper into the supply zone where alot of retail traders will be trapped into going long and build liquidity and then price will tumble.

Matrix_trader59

As stated on the last update on the EU, we are at a demand zone where we might see some bizarre price action, maybe a little break to the downside to take in retail traders to go short and build up liquidity, but i am expecting price to pull back up as per last update. Know price, know where the money is flowing, who is doing what, where are the big money putting...

Matrix_trader59

Price building up liquidity so price can push higher. Now we wait for a perfect entry to go long which would be ideal if it went further deeper unto the zones of demand.

Matrix_trader59

Price going back to previous zone of demand where it will build liquidity and then go up to previous supply zone where there can even be another opportunity to sell.

Matrix_trader59

Price is currently approaching previous zones where we had a huge sell off and price fell. Looking at how price reacted last time in this zones, this is possibly a big player zone,who has a sell order open and is just waiting to pull in retail buyers and build liquidity to push price lower hence pushing his trade into more profit. Now we wait to see any sell...

Matrix_trader59

Technicals. Against the herd.

Matrix_trader59

Technicals. Going against the herd.

Matrix_trader59

Technicals, against the herd.

Matrix_trader59

Technicals

Matrix_trader59

Technicals.