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- 94 Results (92 Replies , 2 Comments )
- Fadhl replied Jan 11, 2024
I think fundamentally Gold is going south. PA has tested the top many times; clearly the top forms a strong resistance. Gold needs strong fundamental incentive to break the top and close above it. With no recession in USA and no war risk, I don't ...
- Fadhl replied Mar 9, 2023
With the last three weeks, US data printed very strong. FED increased rates by 0.5 for the next two meetings becomes almost a done deal. Hence, GOLD ST&MT Outlook is SELL. With tomorrow's NFP, Gold may retrace up to 1840 which coincides with 38.2 ...
- Fadhl replied Oct 21, 2022
In my view Gold is down until 1451. image
- Fadhl replied Dec 2, 2021
Tomorrow we have NFP. With an inline NFP and a daily close below 1758, Gold should reach in one shot Sept. low 1721. image
- Fadhl replied Jul 15, 2021
In my view, TA Gold did not complete its down wave before resuming up. Currently, Gold is retracing up with a maximum squeeze to 1860-1874; then the impulsive down wave up to 1564. This 1564 has a double confluence: last break up and AB-CD pattern. ...
- Fadhl replied Dec 10, 2020
Sell LMT triggered at 1847.
- Fadhl replied Dec 9, 2020
Gold behaved as anticipated. We got a LL (1825). Next move should be a LH around 1847 (23.6 Fib) up to 1861 (I doubt this level but ECB...). Then down to my original target 1764. FYI, I cleared my trade at 1833. I've a Sell LMT at 1847. GL! image
- Fadhl replied Dec 8, 2020
I think GOLD has reached the top of the month. It is sitting around 50% fib from Daily and 23.6 level in H4. Max extension 1884. ST and MT Outlooks should be SELL in my view. Hence I sold it at 1871 with STL at 1885. Targeting the low of previous ...
- Fadhl replied Nov 2, 2020
Just my view: There is no direct correlation between RBA rate decision and Gold; however, there is a correlation in relation to all CBs. RBA decision to cut rate won't be limited to RBA, but all other CBs will go through the same pattern and cut ...
- Fadhl replied Nov 2, 2020
I think Gold is going to retrace to make a HL. As long as Price is above 1873, go long is valid. If price goes below 1873, stay sidelines because market is undecided on direction. The later has more probability to happen via US Election. GL! image
- Fadhl replied Oct 30, 2020
[quote=Fadhl;13236114]Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with ...
- Fadhl replied Oct 29, 2020
So far Gold behaved as expected; we got a small bounce and a LL is underway. Watching 1860 for possible reverse. image
- Fadhl replied Oct 28, 2020
Main direction of Gold is LONG. We got a retrace. Gold reached 50% Fib. Expect a little bounce then a continuous of the retrace up to 1860. Between 1860 and 1872, it's a cheap ticket to go long for MT. We have risk in play with Covid obliging EUROPE ...
- Fadhl replied Oct 16, 2020
Gold is still undecided. The blue box is where all the fights are happening between buyers and sellers. May be next week? Have a great weekend Everyone!
- Fadhl replied Oct 15, 2020
Here is my ST view on Gold. Gold is struggling as market didn't decide yet on direction (short or long). There are plenty of reasons for this uncertainty: US Stimulus (short Gold) Vs Risk off (US Election and COVID 2nd wave) (long Gold). The ...
- Fadhl replied Aug 28, 2020
Gold in my view is going to test at least 2015 up to 2074, then a drop might be expected, unless risk off which I doubt with the arrival of many COVID Vaccines in the next few weeks. image
- Fadhl replied Aug 5, 2020
Sold at 2037. We've divergence. image
- Fadhl replied Jul 28, 2020
An updated chart! Wave 3 will be only confirmed when Gold breaks 1789. image
- Fadhl replied Jul 23, 2020
Gold may complete wave 3 at 1900 which coincides with TL and Fib level. A pullback to 1810-1820 should be expected. image