SteadyFund

SteadyFund

As stated in my weekly forecast, selling is the main strategy for this week. Despite of Trump's assassination, we didn't see spike up. Nevertheless, I am looking closely at resistance level 2420-2425 and try to sell from there. In another scenario, if 2400-2403 is broken, i am looking for selling opportunities upon retracement.

SteadyFund

Gold did test 2415 as expected but did not close the week with a red candle. Now Gold price is at resistance. I expect it drop heavily next week. 2370 level is very critical right now. If broken, we will probably see a head and shoulder in Monthly. Next week main strategy should be selling.

SteadyFund

Gold has reached my selling zone. I will not buy from above 2415. Retesting of 2388 level is inevitable. But we have to see if it will hold. I would expect 2388 broken but anything is possible. I will hold my sell of 2422 from yesterday and won't engage any more tradings since I am more than satisfied with my profit this week.

SteadyFund

As predicted yesterday, Gold did break 2368 level and closed daily above this level. if 4 hourly hold at 2368, I will buy toward at least 2387 and most likely until 2415. I will also monitor price action after CPI data release today. Enjoy trading and protect the capital first!

SteadyFund

Gold is trapped between 2350 and 2368. Daily and weekly is bullish. Likely 2368 resistance will be broken. I will buy from 2350 or when 2368 is broken.

SteadyFund

Although Gold falled sharply yesterday, daily and weekly still bullish. It may continue fall or rise above 2400 again. I will trade from resistance (2368) and support (2350) levels today.

SteadyFund

Gold is in short term bullish trend now. Will look for trading opportunity in key levels. Support: 2368 Resistance: 2415

SteadyFund

Naughty Gold did break 2368 weekly resistance out of nowhere. Next week bulls may go up above 2415-2450. With some accumulation, with CPI data released on Thursday, there may be a sharp fall. Expecting next week close below 2368.

SteadyFund

Gold has reached a neutral range after breaking 2337 resistance. I am looking to sell from 2365-2368 or buy from 2337-2339.

SteadyFund

Two scenarios for today: 1. Retrace to 2335 and sell until 2305 2. 2320 support broken, upon retest, sell until 2305

SteadyFund Updated 

Gold indeed formed head and shoulder pattern as illustrated in the graph. But it didn't go up to 2400 as I expected. 2367 was the weekly high. As month end is near, we could see a large red bar next week. Buying is not advised. Selling from high is my only strategy. We should see 2272 broken and most likely 2218 reached. Happy trading but do not be greedy.

SteadyFund

Today is month end. Market will be very volatile. I will sell from 2332-2335. First target 2310 Second target 2288 Setup invalid if 2335 is broken.

SteadyFund

As expected 2300 was broken yesterday. Today will look to see from 2310 zone. First target 2288. Second target 2278.

SteadyFund

Selling every high is my strategy this week. Resistance: 2322-2325 1st target for today 2310 2nd target for today 2300

SteadyFund

As explained in the weekly forecast, I will engage sell this week. Two scenarios for today: 1. Sell from 2325-2335 zone 2. If trendline is broken, sell from retracement

SteadyFund

The trend line worked perfectly yesterday. Buying still is the main strategy. Will buy from 2325 level. If 2337 is broken, target will be at least 2349.

SteadyFund

As illustrated in the chart, i am looking for buying opportunity around 2308 today. If the trendline is broken, Gold will turn into bear market.

SteadyFund

I am expecting Gold to form a head and shoulder pattern this Jun. Ultimate top should be from 2387 to 2415. Coming week's strategy will be buying from below 2350 and selling from above 2368.