darrelb13

darrelb13

Currently, gold is at the daily order block level. The RSI has indicated a buy signal due to multiple crossovers in an upward direction. Although we can consider aggressive buying, it is advisable to wait for candle closes above the highs before initiating buy orders. Additionally, it is important to exercise caution with the upcoming NFP news release on Friday....

darrelb13

Based on technical analysis indicators, there is a strong buy signal for the S&P500 index. The following factors suggest a favorable trading opportunity: 1. Elliot Wave Retracement Count 2. RSI Oversold 3. RSI Bullish Divergence Considering these factors, it appears that the S&P500 may be primed for a bullish move. As always, it is important to assess risk...

darrelb13

be careful because gold looks like a false breakout to the upside because it just took liquidity above before continuing below. You can sell now if you think I'm right or wait for confirmation.

darrelb13

Look for short entries because there are many zones that need to be filled in below. There is a supply zone above. Gold may go up to get liquidity before going down.

darrelb13

We should still focus on buying: The USD price is flat, and the price has just exited the bull flag pattern. Then the price broke through the upper Bollinger band, and there is a demand zone at the daily pivot level where the price can pull back before continuing above. Always trade in a way that you can still trade the next day.

darrelb13

Trade at your own risk. Trade in a way that you can still trade tomorrow.

darrelb13

We see a possible double top on Gold H1 since it is in the supply zone or resistance level.

darrelb13

We have seen a rising wedge pattern so my analysis on Gold is sell.

darrelb13 Updated 

Gold prices were muted around $1,670, remaining sideways for a second session as investors avoided making big bets ahead of US inflation data.