fahad513

fahad513

Last week has clearly shown that sellers are in control.. But currently the yellow metal is oversold and need a healthy retracement to the demand zone, at the time of writing gold is trading at 1754, however 1745 is acting as a support, my suggestion in to wait for the market to come back to the demand zone (1771 - 1782) and find a shorting opportunity in that...

fahad513

Gold is testing a previous resistance zone 1833.. Expecting a pullback from 1833 to 1817

fahad513

Nasdaq recovered almost 500 points this week.. giving a nice double bottom on weekly.. I think this week will decide weather it will continue the down trend that it has started since the earnings, we can see that this friday bulls are failed but still in game.. I think a fall under 13400 will take us to 13100. However if bulls manages to hold above 13400 i can see...

fahad513 Updated 

Expecting a drop to 1844, In NY opening gold broke the weekly resistance but that breakout has turned to be a false breakout because bulls are unable to defend 1875-1878 area.. My plan is to monitor the market on 4h tf and waiting patiently to test 1875-1878 area which has now turned the resistance again, upon rejection i will be looking for a short..

fahad513

Expecting a drop after the apple quarterly earning.. However if we break 13915.. bears will step in and take the price to 13800 however a break above 14070 will confirm the target 14200..

fahad513

Monthly : On monthly tf gold just completed a W-formation with neckline at 1785.8 and rejecting the resistance. After a rejection we do expect a move to downside. Weekly : On weekly tf gold has reached at the top of falling trend line since AUGUST 2020 and also printed a W-Formation, after a formation of W-formation we expect the market to test the neckline at...

fahad513 Updated 

Trade the box.

fahad513

Buy zone (12990 - 13030)