I decided to take a look at the GOLD chart on the weekly timeframe and see what is happening and what might be expected. The AMD cycle (Accumulation-Manipulation-Distribution) or otherwise PO3 (Power of 3), so, I drew what I saw. Otherwise, I see a repetition of the decline-up, and it seems to me that a decline of about 175 days should begin soon (the average of...
good risk to reward ratio, quick scalp, dying momentum, head and shoulder pattern on m15 and m5 timeframes,
End of day update from us here at KOG: Yesterday we said we would be looking for price to go up towards the 2385-2390-95 region where is the opportunity presented itself, a short would be available to test into the lower support region where we were expecting a RIP. Price moves well into the region, giving the short and tapping straight into the region...
Gold advanced toward $2,400 on Wednesday as US Treasury bond yields pushed lower following the April inflation data. The recovery in US yields combined with the US Dollar's resilience after Jobless Claims data, however, causes XAU/USD to retreat toward $2,370 on Thursday.
Going over the price action ES MOrning session. looking for clues as to what the market was telling us and how we could have traded the session better.
CRazy... way overbought and looks like a melt up. Got stopped out of my puts for even money, but I made plenty on the CPI pump so I'm done for the week. Not gonna short anything on Ponzi Friday. I'm not into chasing an overbought market, see ya guys Monday.
Hey Everyone, Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data. Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday. 2408 is our final...
I haven't looked at XAU in a while, but since EU has been pretty profitable, I thought I'd have a look at it. I see price going either way, depending on the price action of the USD (DXY) Either XAU price will continue short on the minor trend to TP @ 1H uptrend OR I am looking for a break and retest of the downward trend to the upside to go long to hit the -27...
VX has some brutal chop today. I don't expect any further break outs or sell offs on ES until this range on VX is broken one way or the other.
Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone,...
Intro - We have the BEGINNINGS of a unproven intermediate triple top pattern. Details - Because of the spiral that makes this top so "circular", trend engine thinks this is signalling an incoming triple top. This is working draft, once it's ready I will send it.
Just few pips for my target to be reached,but the market sometimes put successful traders in probability position
Dear ladies and gentlemen,I am sorry to post information here at the time of the weekend,I hope Idid not disturb you.Recently,many people often askme why my trading can be so good and why my accuracy can be so high.So I'm here to give you a unified response so that you know what's going on.It's actually a sad story and if you take a moment to listen to my...
Dear ladies and gentlemen,I am sorry to post information here at the time of the weekend,I hope Idid not disturb you.Recently,many people often askme why my trading can be so good and why my accuracy can be so high.So I'm here to give you a unified response so that you know what's going on.It's actually a sad story and if you take a moment to listen to my...
Gold is now in wave 5, rising wedge and peak supply zone. Stay tuned as I give you daily internal signals
There is always a chance that the market will continue to move in the opposite direction, but in its current state, based on the trading I have seen, there has been a clear breakout and a retest of the major trend lines. I always look for major support levels, and once the support is broken, I look for a breakout and retest (1) the trend line (vertical), and then...
In Asian hours on Tuesday, May 14, spot gold traded in a narrow range, currently trading around 2341. Gold fell 1 percent on profit-taking to settle at $2,336.10 an ounce on Monday as investors awaited key inflation data this week for more clues on a U.S. interest rate cut this year. In addition, Federal Reserve Chairman Jerome Powell will also speak in the day,...
When gold was at 2335, I repeatedly emphasized going long, and all my friends who followed me were making profits. At present, gold has reached a maximum of around 2397 and then began to fall back and fluctuate. Everyone’s question should be: Can it still rise? I think there is no problem. We will go long starting from 2335, with the target unchanged at 2400....