momeah21

momeah21

GBPNZD looks ready to push up

momeah21

Gold has made it's predicted retracement, now we can target 1690/1700!

momeah21

Last weeks price action suggest we are in a bull market this week. We also have 3 bullish chart patterns in play. Weekly - Double Bottom Weekly - Ascending Triangle 4HR - Rising Channel Possible areas of entry Good Luck

momeah21

Hello Everyone, Last week I predicted Gold was going to go long and I was incorrect. My reasoning for this is due to holding the view long term Gold will go up. To do this Gold needs some form of structure to build a base and upwards momentum. Friday 19th price action suggested we hit a bottom and I wanted to enter the bull run too early! A consideration was...

momeah21

Still opportunity to join in for a great risk reward

momeah21

Potential Double Top chart pattern formation

momeah21

Further to my recent analysis I wanted to take an in-depth look at Gold. Gold has been in a free fall since the peak of August. However, this fall has actually been measured with price action behaving within the cadence of a channel pattern. It has attempted to break the upper channel numerous times (broke it once see attempt no.4) suggesting where price wants...

momeah21

My previous stop loss got triggered yet I still feel the momentum of Silver is to the upside.

momeah21

Potential Double bottom on Daily charts to support my weekly time frame analysis of Gold

momeah21

Hello Traders, The next week(s) will be a very interesting for Gold following the free fall since the peak of August 2020. This maybe an early prediction but we maybe be forming a Double Bottom Pattern. I have been heavily shorting Gold for a while due to multiple Bear Chart Patterns, with my prediction of hitting near 1700 which may still be correct. Although...

momeah21

Hello Friends, After Completing the W formation of a Double Bottom patter price has come back & re-tested the neckline (expected behaviour of a double bottom patten). Now I am expecting the price over the next few weeks to go back up unless a valid bear patter is displayed. Good Luck

momeah21

Potentially playing out a sloped inverted H&S

momeah21

Hello Friends, Initially Identified this trade on a daily time frame chart and have been trading it on a lower time frame. I have banked 1/4 of opened lot size to secure profits. We will see if this now manages to hit the next TP.

momeah21

Hello Friends, With US Bonds: 10 year treasury yeild at it's highest yesterday in over a year it should be interesting how Gold reacts today. A Shoot straight down to the next structural zone B Re-test previous structure before coming down - 1830 would be a great area

momeah21

Hello Friends, I have been analysing Price behaviour since the August Peak of Gold and this broadening chart pattern I have been monitoring is becoming more valid. Based on this pattern I do not think it is unrealistic to consider 1700/1650 We may see a better appreciation of Silver than Gold with potentially a reduction in Gold/Silver Ratio. Good Luck

momeah21

Potential if confirmed

momeah21

Expecting A Clear Break Of 1.9200 Neckline this week

momeah21

GBPNZD has potentially formed a Double Bottom on A Weekly Time Frame & has been attempting to Break 192.000 Neckline. I believe after failing 4 times it is now ready to break. Depending on your strategy you could wait for the breakout of the price and re-test before entering. Good Luck