Shivvy_28

Shivvy_28

If price hits 1966, i will enter a short as it has broken the upward trendline and support area.

Shivvy_28

If the neckline is not tested invalidates all short theory, XAUUSD could go bullish. Overextended W formation.

Shivvy_28

Risk Management as always atleast a 1:2 RISK To Reward.

Shivvy_28

Overall still bearish on XAUUSD, however a inverse header and shoulder pattern is forming, my entry is on the 0.618 fib, TP at the -0.217 FIB around 1940. This Risk to Reward is greater then 1:3. I expect a gap down, then a move up during the course of the week.

Shivvy_28

RISK To Reward 1:3> If market pushes price to break support, and retest the EMA area of support i will enter a long position.

Shivvy_28

I expect a bearish pattern for XAUUSD for the next 1-2 months, if price hits the 1800-1850 reach i will start hedging buys. Currently XAUUSD is in a bearish mode. Rising inflation: Gold is often seen as a hedge against inflation, as its price tends to go up when the cost of living rises. Inflation is currently at a high level in many countries, and there are...

Shivvy_28

Hi, Following history and trend analysis i expected GBPJPY to fall and then pick up for a long term goal of above 183.000. Hiking interest makes GBP stronger in turn resulting in more investors holding GBP for better returns. However this could negatively effect GBP in the long run. Interim strength is predicted after a drop.

Shivvy_28

Hi ALL, The charting speaks for itself, if the hourly and daily close above resistance we could expect a upward motion. Risk management and good luck for next week.

Shivvy_28 Updated 

Hi Guys, This is my trading plan for USOIL. Price expectations are 80 USD. This is the price OPEC want to sustain. The recent drop in OIL prices were caused by two factors. 1. US Debt Ceiling Deal 2. Russia Selling Cheap Crude + Not honouring their commitment to cut oil productions by 500,000 bpd. Saudi and OPEC are not happy people. Lesson is stick to your word.

Shivvy_28 Updated 

I expect, this support to bounce the price up, however if it does not expect a retest of this support line before a further drop.

Shivvy_28 Updated 

Reviewing the COT Data of Net Positions are reducing for longs, shorts are increasing. An M Pattern has formed and the neckline of the M pattern is around 1980-1985, therefore meaning fundamentally the price of gold is bearish and we should expect a downturn favouring Plan 1. COT Data of 02/05/23 to 23/05/23 However with trading, anything can happen with the...

Shivvy_28

Updated Plan. Plan 1 - Retest of previous support turned resistance around 1960 then a further drop Plan 2 - Further drop to the new support between 1900-1910 Note there is a gap in gold which is unfilled between 1865 and 1870.

Shivvy_28

Risk management as always! I expect a rejection of this trendline, i will be placing a trade.

Shivvy_28

1. Break of 1955 support, then a retest of 1955 for a short entry. 2. Touch of the previous support turned resistance at 1970 and a drop to 1955 and a break, retest then further drop to 1900s. 3. Break of 1970, retest of 1980s region once again due to debt ceiling issues, even with a stronger dollar is could be possible. Risk management as always. Lets see...

Shivvy_28

Risk Management as always, but according to my analysis i'm entering short with an SL above the previous key resistance area.

Shivvy_28

I expect the trend of XXXUSD to go down, and USDXX to go up. Risk Management, i have already entered. A better entry with a sell limit will be around the 2000 mark. As it has broken the trendline i expect some sort of retest, if not a free fall is coming!

Shivvy_28

Is at a crucial point, if it breaks this resistance and then becomes support will be a great entry. Watch the markets then enter. Expect a rise then bounce, i have a few positions already.

Shivvy_28

Risk Management, Buys all the way till the debt ceiling debate is over - will bring strength to USD as we have seen on DXY.