thegoldhoarders

thegoldhoarders

good evening traders looking at gold today my analysis is pretty straightforward, a clear divergence between price and volume interestingly this is happening whilst price is touching a previous level of support turned resistance. I will be watching very closely as I predict a significant move down in the next few hours

thegoldhoarders

greetings traders! im presenting a potential opportunity to make a tidy profit in the next few days from the following analysis. looking at the chart straight away you will see the bearish divergence highlighted by the purple trend lines this is also in confluence with price being very close to level of support turned resistance, both the volume analysis and...

thegoldhoarders

good evening traders im keeping a close eye on the s+p right now after doing some wave analysis it seems there may be potential for a nice move down given the current downtrend and unstable economic situation. however its too early to say for sure so stay vigilant for upcoming economic reports and sudden changes in volume. as always i welcome suggestions and...

thegoldhoarders

greetings traders ive spotted a nice bullish flag pattern here so ill be waiting for volume to signal a good buy entry, if all goes to plan im expecting a move similar in size to the flagpole. would love to hear any thoughts or feedback on this strategy, and as always do you own analysis as well ;)

thegoldhoarders

a nice double top formation has appeared on gold so ill be watching to see if we get a move to the downside its also worth noting the top line of resistance is holding strong on daily time frames hence why I have set is as a stop loss target, however gold is still trending up so be aware that it could push higher. as always look for as much confirmation as you...

thegoldhoarders

greetings traders spotted this bearish flag pattern today, ill be looking for a breakout of the channel to the downside as my entry confirmed of course with other indicators, providing this succeeds my take profit will be approximately the same length as the first bearish wave. should you decide to act on this signal good luck and as always do your own analysis...

thegoldhoarders

greetings traders! I've spotted what I believe to be a head and shoulders pattern therefore I will be expecting a significant reversal to the downside when the markets open again on Monday morning, I will look to open a short position if price makes a strong break through the next support line below.

thegoldhoarders

I'm trying to Improve my analysis of non trending markets so any feedback is welcome. The ADX is currently indicating non trending conditions, as you can see the stochastic is approaching overbought levels whilst price is touching the top downtrend line, the money flow index is also showing a change in momentum , the rsi has yet to align with the other indicators...

thegoldhoarders

greetings traders i spotted what i believe to be a rectangle pattern today so i believe the trend will continue down here's why ... my first signal appears if you look at the most recent candle which shows strong bearish pressure close to a support line, following that the RSI is favoring continued bearish conditions and my final confirmation is the stochastic...

thegoldhoarders

typically triangle patterns signal continuation moves this has been further reinforced by a recent crossover of the 10 and 20 period ema's and the RSI crossing below the mid-line i would advise looking for bearish opportunity's in the next couple of hours wherever possible use a minimum of 3 levels of confirmation to produce safer trades especially due the...

thegoldhoarders

good evening traders! tonight i will walk you through my prediction for usd/cad firstly as you can see via the red trend line the pair is in a clear downtrend and has been all week my second confirmation is the hidden bearish divergence characterized by price making lower highs but our slow stochastic making higher highs, you can see this clearly via the two...

thegoldhoarders

looking at current market conditions a nice descending triangle has formed after a large upward move indicating a continuation may be imminent so im am expecting a big move up this week, for today at least i would advise waiting to see if the price makes a false breakout on the next touch of the support line as the macd seems to be favoring a turnaround soon, if...

thegoldhoarders

having followed this pair all of last week i am still predicting a large move down as of right now though price could do one of 2 things. firstly and in my opinion least likely the pair could move up and try to re test the resistance level or most likely drop down a few hundred pips and start off the trading week on a positive - my analysis is as follows... the...

thegoldhoarders Updated 

good morning traders! should anyone take action on this advice i hope you profit from it! my main reason for suggesting a sell opportunity is that price has stopped at a key line of resistance, this line is holding strong on daily, weekly and even monthly time frames indicating that this is pretty much the current market ceiling, my reasoning behind this trade is...

thegoldhoarders

having reevaluated today's market is seems that the blue line of support held strong and was not ready to let price continue down. the green trend line and red resistance line plot yesterdays ascending triangle, however as previously mentioned the blue support line at 0.93206 saw the price break past resistance and make new highs, as such i have re adjusted my...

thegoldhoarders

recently plotted an ascending triangle which should hopefully provide a nice continuation as the roc and slow stochastic also seen to be favoring a downward move, however im waiting for price to break below the blue line of support before entering this trade (additionally i plotted a 4, 9 and 18 period ema on my trading platform which has provided a recent sell...