Over 20 years in trading
After ‘the Brexit day’ and 1358 high, the precious metal returned down on the consolidation level in between 1305 and 1335, after wich the simetrical triangle was formed in the next several days. You can see how the triangle was broken on Friday after wich the precious metal reached 1335 at first, 1248 latter on, where the gold closed the previous week.
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On June 08. I made gold analysis and prediction of the next move and possible targets in the next few days. How accurate this analysis was, you can see on this chart step by step. All three steps/targets was predicted exactly with top price of the resistance area. At first 1265, the second step at 1287 and the last one today at
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The gold is marching upward since the last terible NFP data and it reached 1253 today, the H4/MA200. In my point of view, 1260/65 level will be very important for furder development here and if the bulls can manage to break that level, the road toward 1305/10 can be open again. It’s possible for that level to hold on the
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Gold is not favorable for 5 weeks in a row and technical picture is still in favor of the bears. Daily MA100 is holding on the way up for the last three days and you can see how the precious metal is moving true the symmetrical triangle in my chart. The support at 1200 is more a pshisical then technical and
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Check my gold analysis from May 24. and see how accurate my gold move prediction is. I hope that you read carefully what I am writing and not only looking at my chart and my important levels what I am marking mostly. It’s imposible for me to write and draw on all TF’s and it’s important for you that you read
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If you take a look at my gold analysis from May 16. this is the level on wich I have pointed as possible target for the sellers. They have reached 1230 low today for now and the complete recent gain from end of the April is erased. 1282/87 fail break was indication for me that this could happen here and
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Too bad that the price didn’t reach my target, which was only several pips below the lowest price. To be honest, I was followed the move all day and I was sure that the price will hit my TP, but it’s not. Gold found the bottom at 1244, after wich the price returned up, as I see at the first resistance
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The precious metal touched 1288 high today after the buyers have broke the down trend line. They have probably tought they can target the next resistance, but the sellers have took over and returned gold down sharply to 1274 at first and to 1271 after. H1/MA200 was broken in this first attack, H1/MA200 is holding for now. Daily candle looks burned now,
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At first, I will show you my EUR/USD pre NFP and NFP trade, how I did it and why!? Everything is writen in my chart and you can see clearly why I have opened short trade yesterday after support level was broken, why I have closed the same manualy on the next confirmed support and opened a new, the long
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Strong pressure from the sellers today for the second time and gold reached 1272, the lower/stronger support line after 1275 from the European session. I pointed in this level as support in my Gold analysis from May 02. in wich I have pointed at the strong resistance above the 1300 level as well. Gold started day with fall at first
Read moreWhat an effort from the buyers, but 1300 is reached! On this level the precious metal was last time in January 2015. and last week was very important for the buyers. After 2 months closing bellow the monthly MA100, they finally closed the price above that level in April at 1292, what gives an additional power for them in the beginning of
Read moreMoving in between 1242 and 1251 for few times in the last three hours, the precious metal traders are showing that they are nervous before FOMC today and it seams that they are taking this decision quite seriously. As you can see in my analysis, gold is still in the some kind of neutral teritory, squeezed in simetrical triangle and there
Read moreAs I see it, the sellers have took over while I was drawing my chart. Here is how the daily looks like and where the buyers have took over in the beginning of the week. 1225 was the strong support and the precious metal was boosted up strong in the last three days, all the way to 1270 today! A
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