The NFP release was very deflationary printing a number of 114k much lower than the forecast and that is bullish for gold. We currently had a pullback down to our top 1h volume buy zone, if we can get a pullback deeper into the zone I will then wait for the market to give me my confirmation candle to take the trade. Alternatively if we break lower we have the...
Good Day Yesterday's long prediction played out perfectly from our 1h volume zone and today looks like another good setup. the marked pushed up during early Asia session and then started pulling back and pick up selling volume in London session. Today we can expect the market to continue with the bullish trend as there is nothing that suggests otherwise. 2...
Yesterday we had a very bullish close on the daily timeframe indicating to me that gold might want to start its push up again. Today however we need to consider that it is a day with a lot of fundamentals that can play push the price of gold up and down, not giving us a trade that is worth the risk. if we just take a look at the daily, 4h and 1h timeframe and...
Today we can expect a pullback back into our sell zones to continue going lower. We had a nice push down after trying to go higher allowing the daily candle to close very bearish, we need to first have a pullback higher to make a higher daily wick to continue lower. The higher pullback will hunt stop losses that sit higher to get taken out giving us the liquidity...
Gold continues to move lower, but first we need a pullback to continue even lower. I will be looking for a pullback back into my volume sell zone to then look for the confirmation to take a sell. At the moment there is no news that drives the price of gold so we will be looking at only technicals to confirm our direction (Daily and 4h timeframe). Wait for...
XAUUSD gave us the much needed pullback to continue going higher. I am cautiously bullish at the moment. We have moved into the lower end volume buy zone, currently waiting to see if we can have a bullish close above the previous structure (horizontal line) and then waiting for the retest to move higher. If however we start closing bearish below the zone we can...
The price of gold made a new ATH yesterday. We do know that after Jerome Powell last spoke he was dovish with his speech indicating to us that we might see a rate cut in September. This is fueling gold to move higher. Until we get a different response from a FED official I do believe we will continue moving higher. As for fundamentals today there is nothing...
We had a nice push yesterday creating a new higher high, after creating the higher high we had a pullback back down to creat a fresh new support level after which we moved back up in Asia session. Daily, 4h and 1h are extremely bullish. As for the fundamentals we have Retails sales for the USD today which will have an impact on XAUUSD. Inflationary data...
XAUUSD moved out from the 1h volume buy zone after retesting the 50% of the zone on Friday after the PPI news. Expecting a continuation into the price level of 2425.