As shared yesterday, market was on a downtrend and has sailed down without hitting my sell entry. While the trend is still with the bears, I would expect some slight pullback during Asia Day for the market to gain some momentum before pushing down to 1900 region.
Here's the key zones to watch for the day.
I'd be interested to look for some longs if price create...
Hi,
Here's the key zones to watch for the day.
The bigger current trend is still favoring bearishness and if we're trading for the next 1-2 days, we should be looking for good level to short.
Do we enter a short now? of course no as at the point of writing we're currently in support area.
1940-1943 is a good key region to lok for some shorts. SL should however...
Hey it's me again. Let's take a look at opportunities for Sep 4th.
We're currently in Asia day session and at the point of writing, the momentum is on the upside flirting around the closest resistance of 1940 region. As some of you may have read, my view is more towards bearishness therefore I will be looking for opportunities to short the market.
I will be...
Last week I posted some notes on possible intraday Opportunities for GOLD pair. Since today is Sunday, I figured out that I would analyze for the week instead of for only Monday. Analysis for Monday will come by 12 pm SGT.
So first thing first, Gold as what you can see on Friday, shows some slight bullish momentum until NFP report was released. What happened...
We are finally seeing some rejection on Gold Pair on Daily Timeframe. There's a possibility price retesting 1890 region however this doesn't mean we should blindly short the market.
Our plan today is to look for opportunity to FIFO Long if there's bullish candle around pivot range and to look for opportunity to short when it hits the resistance area. Look for...
Gold has been on a roll for the past week and is likely to continue upwards until 1930 region. At the point of writing it seems to be a little too late to long hence.
1910-1917 remains good support for price to push further. Since the momentum looks a bit weak in hourly structure, there's a opportunity for short.
1912-1914 region will be the key areas for buy...
Despite the short term bullishness in the market, we can see from a higher timeframe that OANDA:HK33HKD is currently making its move in a wave form. Using the Elliot Wave and Fibonacci technique, I personally think that the market is in the 4th wave and it should swing to wave 5 soon.
We can look for potential weakness to open short position and add more...
