yann2zen

yann2zen

After NFP last week, I anticipated the price to go up but the 1780 area is indeed a strong resistance (as anticipated too). On my zoomed-in daily timeframe, gold shows a bullish inverted hammer which shows me that it's not down and out yet, but as long as the price is still under 1800, gold is not out of the woods as yet. 1720, 1740 and 1750 are in my view the...

yann2zen

Hi traders. So Gold respected my little channel since the last strong bullish candle. I anticipate a little correction from 1780 before another move up. At least some hope for gold after these negative results for the dollar.

yann2zen

Hi traders. I have just zoomed in on the weekly timeframe and what I see is after this very bearish trend that started from 1830 got weaker before dropping a pin-like bullish candle, signaling a reversal. Also it has bounced right on the 100 SMA and seems to be heading up. In my view, if the price is still above 1740, we will have a trend reversal in favor of the...

yann2zen

THIS IS NOT A SIGNAL OR FINANCIAL ADVICE. Based on what I'm seeing, Gold has struggled to get past 1769 since the last big bullish candle that formed this past week from 1722. And now I see a double top on a daily timeframe. Price could go down to 1722 or even 1700 (short tem) before we see a strong bullish reaction. Otherwise, if the price goes above 1780 or...