thegoldhoarders

thegoldhoarders

looking at gold today it seems we could be looking at at another decent move up. a bullish pennant has clearly formed as illustrated by the blue lines but what's interesting is that from looking at the volume indicator we can also clearly see a divergence in price and volume which hopefully means an upward move is imminent. there is however nothing on the...

thegoldhoarders

eyeing up a potential bearish trade setup today. so price is in a strong and clear downtrend as illustrated by the blue channel lines, and early analysis suggests that a bearish flag pattern may be about to validate in line with the current trend. I am however waiting until the release of the inflation rate data tomorrow at 7am (gmt) to give me the trigger for a...

thegoldhoarders

looking at potential trades today im confident that gold could be this weeks winner, spotted a nice bullish flag formation after golds most recent rally, it currently hits all the criteria however if price drops below the 0.382 fib level i would consider this pattern and setup invalidated. So for a solid trade signal ill be waiting for tomorrows release of the...

thegoldhoarders

interesting situation developing right now on Gbp/usd so at first glance its clear the pair is trending up and has been since the middle of last week, this is highlighted by the green trend lines and the convergence of the rsi indicating normal market conditions paired with the volume dropping off as price approaches the bottom trend line showing a lack of...

thegoldhoarders

so this is an update following my Elliot wave analysis posted on the 23rd of November, a lot to get through in this post so ill try to keep it brief. I believe there is a very good chance price is about to reverse based on the signals given below. 1) not hugely significant on its own but worth noting is the reducing length of the Elliot waves as price approaches...

thegoldhoarders

pleased to report my inverse head and shoulders analysis appears to be coming true, however the pattern is not yet complete so im not going to get ahead of myself. I have spotted some clear divergence marked by the orange trend lines which are lending weight to my analysis and almost all of the most recent data and news reports point to a strong chance of a...

thegoldhoarders

looks like gold might be poised for a short term trend reversal looking at the inverse head and shoulders pattern, however at this point i dont have any other technical or fundamental signals to lend weight to this analysis so im keeping a neutral bias for now. what i often do in these moments of uncertainty is set price alerts so whichever way price moves i can...

thegoldhoarders

looks like a great start to the week for gold. building off my last idea i found a nice bullish flag pattern on the 1hr charts i was keeping a close eye on, price alert was triggered around midnight and i decided to take a risk and made a successful long trade with 2:1 risk reward ratio, my second sign of confluence was the divergence of price and volume...

thegoldhoarders

pretty key moment for gold right now and its pretty clear to see why. I published a long prediction on gold earlier this week highlighting a potential 5th elliot wave on the 4hr time frame which turned out to be correct and provided a profitable start to the week, upon scouting golds next move across different timeframes it seems we have a potentially larger...

thegoldhoarders

interesting situation developing on gold right now I believe I have identified a potential 5th Elliot wave with divergence offering extra confirmation, however my analysis is not 100% solid for the reasons i give below. so the Elliot wave pattern indicated with blue lines is very clear however the 4th wave is venturing into wave 1 territory which is an...

thegoldhoarders

looking for a good short opportunity on gold today based on the following ... gold has been in a range since the end of may but today marks the potential for a bearish breakout, Powell's fed testimony drops at 15:00 today which i believe will give the market the strength to make its next move. looking at recent price action we can clearly see the market making...

thegoldhoarders

gold is still looking bullish for now the uptrend shown by the three blue lines is still very much intact on the daily chart and indeed on the 4hr chart as well, we also have a decent size bullish flag/wedge pattern the top line of which was broken and has now turned into support showing further bullish bias, price has also formed a double bottom today rejecting...

thegoldhoarders

interesting situation developing with gbp/usd at the moment, my bias is currently bearish for the following reasons 1) looking at the curve of the blue line under price it clearly shows momentum is slowing down 2) volume analysis is clearly showing regular bearish divergence 3) a somewhat less clear signal but still worth noting is the completion of a 5 wave...

thegoldhoarders

this is an update to my gold analysis from 4 days ago, i had projected bullish bias due to a bullish pennant forming on the central line of a bullish channel. following on from this the pennant has now evolved into a flag still signaling bullish bias, along with this price is currently holding above the psychological 2000 level and in fact formed a tweezer bottom...

thegoldhoarders

greetings traders! a potential to make some nice profit today starting with the obvious we have a clear bullish flag illustrated by the orange lines there is also some other factors that align with my bullish projection, first off price's current level in conjunction with the bottom line of the bullish channel and second is the red line of previously broken...

thegoldhoarders

looking at gold its in quite an interesting place at the moment the most obvious is the large bullish pennant that has formed signaling bullish bias which could be reinforced by the central blue line of the bullish channel lending further weight to an upward move, however... gold is also pretty close to the currently unbroken "ceiling" illustrated by the red line...

thegoldhoarders Updated 

pleased to report yesterdays analysis of gold I published was correct and price did in fact move to the downside, what's interesting is that it looks like another bearish move is coming. 1) following this afternoon's breakout below the green trend line price retraced perfectly off the 1825 level making a minor pullback to just above the 1835 level, I believe this...

thegoldhoarders

tough one to call as there seems to be a lot going on, a fairly obvious bullish flag however its formed just under a major line of resistance, add to that the hidden bearish divergence shown on the volume chart i feel it could go either way. however due to the resistance line proximity my overall bias is bearish perhaps price will push higher to bounce off of...