yasser_Hamadeh

yasser_Hamadeh Updated 

The bullish trend since 2018 is not going to reverse course soon , with the Fed sleeping on massive unpayable debt and the dark scene threating the US financial system with a huge collapse and the Stubborn inflation which is here to stay , it is a wishful thinking to assume Gold going back under 1620 $ and maybe we have already established the new possible lows at...

yasser_Hamadeh

it is Obvious that Gold is in Bear Cycle that should extends to 1800 $ as the Weekly Chart suggests shorting Gold to the next Major Support area which is around 1800 Fundamentals also share the same idea as the Fed insists on its Hawkish stance by keeping high interest rates (maybe another hike this year) along with increased 10 years Bond Yields , in this scene...

yasser_Hamadeh Updated 

Gold has confirmed breaking the pervious descending channel on 1/2 hour chart and 1 hour chart for 3 days now , and it is forming new Ascending channel with TP 1924 SL 1911 it is possible for Gold to form new highs as Yields is not moving higher and Fed is walking on massive amount of debts .

yasser_Hamadeh

The gold minds section works for me more than here , as updating Market trades is more convenient personally i like to give my followers an inside look at my own trade positions with the simple logic behind it so if you are interested you can look for my daily trade advices there , Thank you .

yasser_Hamadeh

It is not difficult to reach that conclusion that Gold price is affected mostly by Fed Polices and 10 years bond Yields in particular , let's say that most people in the market treat gold as an investment not money and they don't care much about Inflation Hedge issue as they always look for more profits , based on that don't expect Gold's real price which is...

yasser_Hamadeh

We all remember what happened in March 2020 when the price dropped 175 $ in two weeks due to Covid-19 news interrupting the Bullish trend in process , i believe technical analysis and fundamentals must be taking into account when building a good price projection , however all i see now is a chaotic price action with no Fundamentals or technical facts to support...

yasser_Hamadeh

I always believed the best way to spot Gold long trends is by using curve lines . I see no reason to suggest that a bear cycle like the one happed between (Sep 2011 - Jan 2016) is the next logical move Markets never repeats itself in the same exact patterns but it usually uses the historical data to form smaller patterns that respects the overall pattern which is...

yasser_Hamadeh

It is not that difficult to know when the Bear trend ends .... (yes we still in the Bear trend now) 1- we need to break 1878 $ November 2021 High ( red line) 2- we need to break 1916 $ June 2021 high (Green line) if Gold did that then welcome to the new bull market and start Buying , otherwise the Bears are in control on Medium term this year .

yasser_Hamadeh

It is not a gold Bullish trend yet , in fact the Bear trend since Aug 2020 is still highly respected with consecutive lower highs , and our recent high on 1847 is just an extended to the long Bear Market , so be careful because a crash to 1675 $ price is still there which if it did happen then it would be one last buying opportunity at those prices .