CesaroPelucci

CesaroPelucci

Hi guys, Welcome to 2022, the year where gold will make new all time highs. But (there is always a but) not before all bulls will be flushed out and the whole market will start turning bearish. There will be no free lunch and prices of below 1680 are possible. The bears set the tone for Q1 and they treated us with a strong engulfing bearish candle on the 1st...

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Goodday traders and welcome to the last weekly update this year, The last 2 months of this year are going to be awesome. Extreme volatility and volumes are hitting the market like a hammer, and that is no surprise as there is so much at stake right now. For gold I expected to hit 1850 at least before FOMC, but that seems to be a bridge too far. Now we are nearing...

CesaroPelucci Updated 

Welcome back traders to another weekly view on gold, Gold is in excellent bullish form and is about to go vertical towards my 1870 target. The weekly closing price has nullified the chances for a retest of 1745, with bulls fortifying their gains 1771+ (23.6 fibo). Now the invalidation price for gold bulls moves up to 1770. Meaning a retest of 1770 is still...

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Goodday traders, I hope you are enjoying your weekend with your friends and loves ones. A massive $35 dollar red candle is what gold printed on the last day of the week, pushed fundamentally by the better than expected retail sales data. The candle is engulfing, massive and full with almost no wick on the downside. This signals the presence of sellers from the...

CesaroPelucci Updated 

Goodday traders, Big day today again in the market with US CPI eyed and the FOMC minutes later in the day. A little breakdown of some scenarios so we are prepared: CPI 🔷 Scenario 1: CPI higher than forecast (>4%) Dollar will break the 94.5 weekly resistance and most likely will settle the week with more bullishness to expect in the coming weeks. Expect a...

CesaroPelucci Updated 

Goodday traders, A great scalping week we have had so far with many pips up and down to scalp. Gold is clearly waiting for a catalyst to get out of this $20 range, and NFP might just be the trigger. As mentioned earlier, the FED has two targets to raise interest rates and start tapering. The first is inflation above the 2% target per year (currently sits around...

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Welcome back traders, a mid-weekly update on the market; Gold entered the 1720-1740 support zone and we have a reasonable bounce so far from 1730, however not strong enough to be reversal worthy. The bounce was primarily due to Powell's dovishness yesterday where he mentioned the following 3 points: 1. We have met all but met the test for taper. 2. Even with...

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Goodday traders and welcome to the last week of Q3 where trend reversals tend to happen, Last week was an important week for the last trading quarter of the year. The FED announced they will taper in November or December depending on the data and will finish their tapering program by mid-2022. Roughly the market expects a gradual tapering of Quantitative Easing...

CesaroPelucci Updated 

Goodmorning guys, a quick pre-FOMC update on gold, Solid bullish PA and bulls printed 2 white soldiers on the daily timeframe with a solid close 1768+ (0.618 fibo). This makes it very likely bulls will try to reach the next fibo level, which is around 1797 and printing the third soldier. They might stall at 1790, around the bearish trendline. COT-day Many...

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Gold has been crushed in the past 2 weeks again and the selling remains strong. It seems that the taper tantrum, stocks sell-off and the dollar are putting gold under extreme pressure. When we look at history, Ben Bernanke announced the FED would start tapering in December 2013 and gold melted from 1800 to 1200 in only 6 months. It looks history is about to repeat...

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Welcome back traders to the last month of Q3. It was quiet from my side for some time, due to the summer holiday break and major risk events on the horizon. A lot has changed in a few weeks. The market was pricing in tapering and interest rate hikes by the FED in early June, but the sentiment changed quickly after a disappointing speech for dollar bulls by Powell...

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Hello traders and welcome to the grand finale event of the year. Jackson Hole We are nearing the Jackson Hole speech by Jerome Powell, where he will lay the groundwork of the FED's monetary policy & strategy. Jackson Hole is extra important this year, as traders and investors are expecting a change of strategy by the FED for the coming year. The FED-cartel...

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Goodmorning guys, What a night. After gold lost more than 900 pips in an hour, gold pared its losses back to 1750. We have 2 scenarios in play; either bears want bearish continuation and want to test the monthly bullish trendline that goes back 3 years ago, or we have a big a$$ W-formation targeting new ATH. Not a great setup to trade and too risky for me, so...

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Goodmorning traders and welcome to the most important day of the rest of the month. It is exactly 1 year ago when gold made its all time high at $2075. The FED has two targets to raise interest rates and start tapering. The first is inflation above the 2% target per year (currently sits around 3.5%), so that is a check. ✅ The second is that the labor market gets...

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Hello traders and welcome to the August NFP-week. It promises to be a volatile one. In a word, the Oxford English Dictionary defines "august" as "impressive": as has historically been the month of August for Gold. Last Saturday the Chinese PMI fell below 50.5, the lowest reading since the COVID-outbreak of February 2020. They say China is the factory of the...

CesaroPelucci

Hi guys, After a well-deserved holiday, a week of acclimatising at home and adapting to current market dynamics, it's time to make some serious bucks from the market. First things first, I want to thank all my followers for following my trading adventure for over a year now. Now onto the meat and potatoes. What is happening in the market? It seems the market is...

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Hi guys, The Delta Corona variant is stealing headlines around the world and equities got smashed down yesterday pretty hard. Crypto seems to be getting a beating too along the way and it is not looking pretty in the market. Gold is keeping up pretty well (unlike Silver which is hammered down just as everything else). Time for a follow up on my last chart. Last...

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Hi guys, Goldy is rangebound for over a week now and I am expecting a breakout this week. Today is the last day for Basel III, and I expect the metalbanks to start buying gold this week with ADP & NFP functioning as the fundamental catalyst. Gold bulls have done a terrific job so far to de-accelerate the selling and dips are being bought pretty quickly. We have...