Mohammed_Almasri

Mohammed_Almasri

Based on 4h frame it's on the lower edge of down trend. So it have a little chance to move up for few hours but knowing that today have 2 major events NFP and fed chairperson speak so it's better to avoid this day or at least wait till these events ends.

Mohammed_Almasri

gold return to the critical level 1765-1768 if trend break it up in 4 hour chart then it will go to the 1800-1832 , and if break the trend down then will go to the 1716-1725 then to the 1680 . we should know that us data is highly important also the political tension with iran & china will play a big role in the market for the next 4 weeks . personally will go...

Mohammed_Almasri

Gold is in the downtrend, if it break the 1716 down then its going to 1680 and 1650 is not too far . tomorrow, there will be a us economic data and if it came in dollar benefit then the scenario will be a down trend towards 1680-1650 and from there a big come back to the GOLD to reach 1750-1801 . mark these 2 days . no one can save the gold unless a big news came...

Mohammed_Almasri

Gold turned into sell side , last week and this came after the US economic data published. It was positive data for the us economy and this turned the dollar index into positive trend and this make the the gold goes into sell side . however, next week there will be a very sensitive data which could turn the table into opposite direction and could intensify the...

Mohammed_Almasri

for gold we are seeing that there is a downtrend is under formation. trend is going down . next week there is no much data also its the 2 nd week so there will be no much move 1785 -1800 this will be the range for next week. the third week will be the highest one, and it seems that things is going toward the downd trend , based on 4 hours , daily and weekly analysis .

Mohammed_Almasri

so the gold move lower than i expected, but its ok , the range is 1788-1795 is the support, and from there the up move is start . i already in since 1817, and will keep it till profit . whatever the market do it will go up .

Mohammed_Almasri

so gold break the flag pattern and hit the 1832. we will see the pull back to 1918 and this will be my entry point .

Mohammed_Almasri

gold pulled back and now at 1792 , im in now with managed risks. tomorrow and Friday will be the trigger for the roll coaster again . see you on friday

Mohammed_Almasri

gold is waiting to go , up or down , this will be decided on thursday fed committee speaks , but next week is the hardest , NFP again . lets wait and see.

Mohammed_Almasri

gold hit the 1804 , and so now we will witness a pullback to 1792 whih will be a good entry for a buy . but we need to be carfull for the upcoming us economic data

Mohammed_Almasri

now gold is trapped on this triangle, it have 2 options , hit to 1800-1810 or hit 1763-1758.

Mohammed_Almasri

gold now in a thin area it will go 1790 and then the market will move the prices back to 1775 . from there the market goes to 1758 or go for 1800 . lets wait and see.

Mohammed_Almasri

Gold retraced from 1794 And will go to 1777-1773 Also we should monitor the fed speach.

Mohammed_Almasri

We are going to 1790 and if extend then 1810. Also the overall political and economy indicate this will happen.

Mohammed_Almasri

as we expect, as soon as gold cross 1758 it goes to an up trend, however this is not gone be for long time, we might witness a down move to 1715 , but if crosses the 1790 it will take an up move to 1815 -1830. we should monitor the us economic data , and covid cases in the us .

Mohammed_Almasri

Its abvius now that 1680 is a major support, and 1758 is a hard level which could be the bounce back level to bearish or a start of the bullish towards 1800-1810 . lets watch an see . market is so weak to the news, so can be manipulated . be careful

Mohammed_Almasri

gold is in role-coaster right now, no one can expect what will happen. All of us should wait the next FED relese and next NFP. These two will tell us whats the trend o the gold. however,now it depend on our technical analysis and as show on the weekly and the daily time frame the we starts to go on sideways and this cold hold and then who knows . the wise will...