YEshete

YEshete

We took some nice buys of the trend line and the yellow zone at 1793 yesterday which i published in my last post. the initial target was 1803 which we reached easily. I closed my long position at 1798 because of the immediate rejection. Nevertheless I waited for 1815 to see what happened and until the ISM services PMI got released. The news caused the USD 10 year...

YEshete

At the moment gold is looking to make a bullish retracement into the 1800s. The most important thing I am waiting for is price respecting 1789 as a support and bounce off the trend line with some kind of momentum. Another confluence for this bias is the break of the last lower high in the bearish flag which was at 1794.50. On the higher timeframes we are still in...

YEshete

We went short today at 1788 because of the plan we made at the beginning of this week. 1795 is a big selloff point which we took last time we sold (Last chart that I published). Took a few nice sells today at 1787, 1782 and in the end at 1779. For now we are waiting for the asian session to bring price back to 1786-1780, wait for a rejection and sell of again....

YEshete

This week was a big sell off for Gold. Alot of accounts were blown and margins were called. But in my opinion gold is not done selling. We caught the sells at 1812 and downwards. What we do know is that the daily candle close above 1768 means that we retraced to the 0.382 fibonnaci level, the golden retracement zone. So there will be upwards momentum. Doesn't...

YEshete

We've got to wait to see what the FOMC will say or do with the federal rates. I have no Bias at the moment for the long run, but what I can see happen in the coming 30 minutes is a pullback to 1880 because of the fibonnaci levels and the oil inventory results being more then -2.1m barrels. The oil price has been going up because of this shortage. If the shortage...

YEshete

Gold has been playing us a lot fam. What I do know is that the 1900 level is a big rejecting pivot point. Price will move to 1900 because of the rejection at 1882. The fib levels from 1855 to 1903 got RESPECTED well. The reason for this short is because of the two big rejections at 1900. Sell will be targeted to 1873 because this is the last fib level 0.382 which...

YEshete

GJ has not done what we wanted last week. The 155.500 level got touched and rejected, the 2 long positions I've took gave me a total of 70 pips, so we got our first target of 155.750, but the 156's were too high for now. On the daily and weekly charts gj looks for a pullback, bearish for now. Also the fib levels all got disrespected before the pullback that is...

YEshete

We are looking to long Gold ones its retests 1865. We broke the golden fibonacci levels to the downside for a potential retracement and we also rejected 1850 with a big wick. The NFP was worse than we expected so the US dollar is looking pretty weak and will probably continue this trend. That is good news for gold. On the daily and the weekly we are looking pretty...

YEshete

GJ RESPECTING the fib levels, yesterday a close above the 50. level, today a amazing close of 155.483, way above the 61.8 level which is 155.202. So that means GJ to the moon. Waiting for a retest of 155.400 which is a strong support?pivot point or a bounce of the trend-line. Probably entering after the Asian open. GJ to 156.550 baby!

YEshete

Well tomorrow we all get a surprise, THE NFP YEAAY! We all know it can't be possibly worse then last time (266K non farm employment change) and analysts are forecasting it at 645k. We got a daily fib close on 1870.29 which is way below every fibonacci level we would like to see. So my Bearish Bias overall didn't change! We will have a retest to 1888 because that...

YEshete

GJ speaks for itself, 50. fib as a strong support and a nice reverse to a uptrend. 90+ pips for the second 3rd retest of the daily RS to complete the cycle. LETSGO!

YEshete

Because of the daily close above 1899.17 price showed me its at a retracement point of the 50. fibonacci level. Waiting for the retest at 1910/1912 which is a big rejection zone for gold at the moment because bulls are not prepared to take positions at that price point. Gives me bias that its overvalued for the short term and the long positions which have been...