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NextPDT Updated 

Just a recap of our last USDCHF analysis. We talked about the daily Fibonacci play that could take effect. That play is now in motion. The 78.6% held with a evening star forming to confirm the down play move. Our first target 0.96434

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Looking at the daily time frame we could see the downtrend play in action with lower lows and lower highs being formed. But if we go up a timeframe to the weekly and monthly time frame we could see that the overall trend is an uptrend. On the other hand price could had broken the weekly uptrend structure and we are seeing the transition take place. After the...

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After the strong rally breaching our weekly midrange resistance (1400) and reaching the highs of (1437) for a second time price fell back down to (1400) level after Fridays job reports. I am expecting gold to continue it`s upward momentum, but before we see that a retracement back down to (1370) will be reasonable. A FIB application on the daily time frame from...

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After looking at the weekly time frame I came to look at the possibility of price reaching high (27,500)- (28,000). If we draw our Fibonacci from point A (22431) and point B (26563) we can see that we have confluence at two different FIB Level. Our first level 38.2% has perfectly aligned with our weekly mid-range support (25,000). Not to mention price formed a...

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With the rejection of our weekly midrange resistance (27000) on the daily timeframe we monitor the pullback or retracement to an area of support. We are expecting price to reach (26143) at least but we prefer (26000). Now if we do reach (26000) and manage to close below it on the monthly timeframe we can start to see the overall long term shift in price action....

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As of right now gold has reach a major key area for rejection. The monthly resistance zone (1326) has been tested and rejected three times so far. Price is currently above (1326) but we are slowly coming up to a rejection zone (Blue Rectangle) which price quickly rejected. So far our only opportunity is to wait it out and see if we other clues as to where price...

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On our last GBPJPY analysis we awaited a retracement move to the (140.00) monthly support area which stopped short at around at around our daily resistance (138.700). Reason for that is because priced retraced to 78.6% FIB level on our H4 chart and formed a bearish reversal pattern. Fast forward to now we can take advantage on yet another retracement by...

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You know the saying, history repeats itself. Well in the financial markets that saying couldn't be any more true. So lets get to it... US30USD has reached previous all time high (269010) almost mirroring exactly to the last decimal. Last time price reached the (26910) area price fell for the next couple of months. I am expecting the same price drop as before but...

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Although we didn't get the bigger retracement we expected to one of our PRZ levels but we did we a retracement of the broken daily resistance (25882) before hitting our first take profit at (26452). The second target is around (26912) nearing (270000 our weekly mid-range resistance. The question is, is price going to reach (27000) by the end of this week or...

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XAUUSD daily price action has been rejecting monthly high zone with the daily resistance (1340) still holding firm confirmed by a daily doji candle. Although on the daily resistance has held if we take a look at the H4 timeframe youll see the H4 trend making higher low. I am expecting price to reach the monthly zone stopping at the weekly mid-range resistance...

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Price found support on the weekly time frame giving us the opportunity to draw our fibonacci tools. Our anticipated retracement point is around the (140.000) area which is also our monthly support point. We can see that in the lower time frame price is slowly making that transition. Our H4 resistance point (138.724) acts as our first barrier. Price will need to...

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Last analysis we talked about a retracement to a daily level or zone if it is broken. Well the daily resistance zone (25882) is broken and its now acting as support. We also talked about price retracing to this level before continuation of the current momentum. Well assuming that market closes today bearish and we get our first daily resistance point since the...

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Last analysis we talked about the daily resistance play. Daily resistance (25882) is broken which means we are going to expect higher price movement. I do see a long play as in the weekly time frame weekly midrange support (25000) held firm. Also on the weekly timeframe the weekly candle engulfed past three weeks of price action indicating a song buyers momentum....

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We seen the market make a retracement last week to our 120% fib level. What does this mean? Nothing really because we didn't take any short positions. All this mean is that we retraced to 120% which is above our daily resistance zone (25882). If we take a look at our weekly chart our weekly midrange support (25000) has held firm causing the price to shoot back...

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Gold long lasting daily downtrend has short lived as price found bottom at our daily support zone (1273.089). Now we back up testing our monthly resistance key level (1330). What does this mean in the the first week of June. Could be possible breach (not break) our monthly resistance level to and hit our weekly mid-range resistance (1400) and reverse. Or will...

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Okay so lets start off by talking a little about the weekly time-frame before we digest the daily. Price so far has reached our weekly mid-range support (1.27000) and by the looks of it it seems to be holding.Of course at the time of writing this the market is still open and you never know what could happen in these periods of time. So far price has been bouncing...

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Alright so we confirmed H4 fake out move in our last GBPJPY analysis, we can take a look at the 1D time-frame where we are now analyzing the pair. It is good to point our our H4 resistance zone (138.720) where we need to see a break of this zone before we can get to the daily resistance zone (141.900) which is roughly 76 pips below our 61.8% PRZ. Although at 38.2%...

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Nothing more important in this business than patience's. After the new monthly candle we anticipated a strong retracement to the upside as the new month began. This was highlighted in previous analysis. Our first indication was to plug in our fibs on the H4 time-frame and measure that time-frame retracement. Well if you take a look at the H4 time-frame and if you...