It is common knowledge that Gold is in an uptrend as it continues to make a series of higher highs and higher lows. We could all tell that it may be aiming for a fresh high at this point, which is why I'm dropping this analysis so that we can all ride with the trend and not miss this golden opportunity. I'm waiting for price to tap into the Order Block marked...
Gold has retained its bullish structure this week, consequently creating higher highs in the process. I've placed my entry using a pending order at a support level which it initially broke before London open, targeting the next swing high for a 1:4RR, placing stop loss below the next swing low. I shall be monitoring this trade and dropping relevant updates as...
Gold has shown a significant upward momentum on the 15 minutes timeframe. It rejected a support trendline and broke through the Asian range. I've set a pending order to catch the buys when price comes down to retest the broken Resistance now Support for a good 1:3 reward.
The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed. This...
Gold price over the previous week has declined significantly creating a double top (bearish reversal pattern) in the process. I will wait patiently for price to tap into the order block, indicated by a rectangle as seen on the charts. After which I will look for a bearish pattern, preferably using candlesticks on the 15mins timeframe for a sell. My take profit...