nikdobii

nikdobii

simple trading - follow the trend Gold is trading below the Bull trend line and back into the bear market zone. with a strong USD let's see if gold can remain bullish. The past 2 red flag news have brought gold lower and lower. BULLS: Don't panic yet. gold could easily put up to previous resistance. 2035-2050 BEARS: Wait for more bearish rejection and look...

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simple trading - CONTINUE FROM LAST GJ has been in a bullish sideways market for some time now. we can see that the price has returned to the top on the bullish trend. BULL: Wait for the price to remain bullish. wait for a break and retest above the current high. Once the market has rejected the previous high with bullish momentum... Then and only then we can...

nikdobii

simple trading - double top the wait is over... hopefully. in this market, you can't ever be too sure. With that said take this trade with caution. we are looking to take advantage of a cup and handle that may be forming on the 4hr chart. BULLS: YES, we are in a bull trend. But patterns form, and when a cup is formed, a handle typically follows. I am certain...

nikdobii

simple trading - we wait gold may spike out of the 2025-2017 range. wait for a confirmed breakout. (Break of structure, retest to area, and continued bullish/bearish candles) Do not rush. patients! I recommend waiting for USD news on Wednesday and Thursday ( Green Vertical Lines). BULL: HIGH risk at the level! I'd look to buy if gold manages to push above 2035...

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Gold will fall, it is inevitable. Gold has lost all bullish momentum. Gold is now trading in a sideways market moving into a bear market. PLEASE REFER TO MY 4HR CHART FOR GOLD

nikdobii Updated 

Gold will fall, it is inevitable. Gold has lost all bullish momentum. Gold is now trading in a sideways market moving into a bear market. *Gold is trading under the 200MA. (white line) *Gold is trading below the Bull trend line. (blue lines) *Gold has already made a retest to the bull trend and failed to close above. BULL: on the 24th (Weds) and 25th (Thurs),...

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simple trading - GJ has been in a bullish sideways market for some time now. we can see price has made its way back to the top on the bullish trend. BULL: Wait for the price to remain bullish. wait for a break and retest above the current high. once the market has rejected the previous high with bullish momentum... Then and only then we can look for buy...

nikdobii

simple trading After a form of a teacup, a false break out stopped us in profit. Moving into last year (Dec) we see the market create a head and the market completed the right shoulder last week. EU has created a potential SELL position by retesting the previous resistance level. (1.0910-1.0892) If the price manages to hold. Watch for bearish candles to form...

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gold is looking to break out of the sideways market. key levels to watch Buy @ 2045 Sell @ 2035 Due to gold being in a downward trend at the moment, we keep it simple. we are taking sell trades.

nikdobii

simple trading. head and shoulder pattern is complete. gold is making a pullback to the 2060 area. after hitting support gold could make its case back up to 2060, before further decline. watch the price for bullish candles. 2060 could also be a liquidity zone for gold to make a new ATH

nikdobii

simple trading - 4hr zone a double top with lower high - SELL bearish wedge - SELL retest on main resistance (orange lines) - SELL pressure confirmed The first week of the month = high market liquidity. watch the support zones, this is where the price jumps too. wait for bearish candles

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No need for a major explanation... But of Couse we can not be bias, So with that said: Overall: Buying Pressure remains constant for nearly 2 weeks. So, expect a test back up to resistance (1965) with higher gains or... due to the DAILY consolidation, there could be a possible drop on gold back down to deep levels like 1920. Bulls: Watch for pull backs to...

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simple higher highs trading. (red boxes) Wait for GOLD make another break and retest (blue circle) above previous resistance at 1960 area. Buy Targets 1: 1970 Buy Target 2: 1980 OR Watch Gold make another move below previous support at 1950 area Sell Target 1: 1945 Sell Target 2: 1935

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The dirty 30 is still having trouble making that bullish breakout. New resistance is at the low the recent high creating a even high. Waiting for more bearish candles before making a final take. Patients pays

nikdobii

Overall : The dirty 30 is creating a nice pull back to previous resistance. PAY CLOSE attention to the price level 32900. If price can remain under 33000... watch the market will drop. ***New month means new wicks. Watch the monthly close*** The fake out Bulls could easily push the market above 33000. YES but careful! there is no solid bullish momentum....

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The dirty 30 is still falling. With US raising interest rates the markets will continue to fall. Friday will determine if this week is a bear or bull week. watch the support level as well as the yellow break out zone. price is clearly building up around 31750 with super insane wicks. Wach as prices continue to drop for a break below support. If bears can take...

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Bears have won for 2 weeks in a row. Call it what you what... Sell pressure will continue if the bears can get price below $31.5k. A retouch to $28k seems possible. Bulls will need a strong recovery next week to prove this moth wont be another RED candle. Watch the recent support area. Bulls need to react

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Still waiting for more buying pressure. If BEARS do bears: The Market did it once it can do it again. If US30 is becoming a bear market... This week pattern will be more sideways consolidation around the buy area. BULLS: This is a Major level on US30. 32550 has been support for the last 5 months. If this level holds true, higher highs and a trend. back above the 200MA