OfficialNickPhillips

OfficialNickPhillips

Price has been stuck in a consolidating pullback range of 1.66000 - 1.755000 from the middle of August. This range offers a ton of opportunity on a daily/intradaily timeframe. This week we saw price find support at a higher low on the daily tf, showing strength to keep it up in the top of the consolidation range. Price found strength on tuesday and wednesday...

OfficialNickPhillips

January gave us a bullish trending pullback into what was previous support around 79.000, in just this first full week of Febuary we have seen price find a ceiling and take a steep dive down towards support at 78.000. Previous support exists at 77.500-78.000. If we break this support, I expect a further down move to the 75.000.

OfficialNickPhillips

Beginning of the year UJ found major support once again around 108.000 Yesterday (Feb 1) we saw price push heavy to the upside after testing previous resistance as support. We're now at a 4hr TL and the open of next week should give a good indication of what direction to expect for the week. Will update after the open.

OfficialNickPhillips

Nov. 2018 we see the start of a new bull trend on the daily. This is following a major support being established at 1200.00 At the start of this year, gold ranged for a bit on the daily before making a big push into January 2017's consolidation range of 1300.00 -1365.00 last friday (Jan 25) This week we saw an almost uninterrupted continuance into the major...

OfficialNickPhillips Updated 

Since mid 2013, gold has been spending a lot of time consolidating between the 1200.00 area and the 1400.00 area. 2015 we saw a heavy bear push to test the 1050.00 area, with the beginning of 2016 giving us exactly the opposite movement as gold takes off to nearly 1400.00 (1374.41) before half of the year is finished. The last half of 2016, price fell back to...