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- olegchartist replied Mar 27, 2020
Gold update The gold market is trending upwards this week. The green line [1] illustrates the support for the current bullish impulse. Let's analyze the context. 2] Breakout moment. High volume represents the effort of buyers to overcome the black ...
- olegchartist replied Feb 26, 2020
Take a look at the previous post↑
- olegchartist replied Feb 26, 2020
GOLD market overview Here is the 12h chart. I mixed data from 3 sources - CME and MOEX exchanges, Oanda broker. I plotted the 5 wave-lines of the up-trend channel: 1] Overbought 3] Center Trend-line 5] Oversold [2 and 4] - intermediate lines. Note, ...
- olegchartist replied Feb 18, 2020
Gold I use the futures market to analyze global GOLD price. We have AB balancing wedge on background 1] After the breakout from the AB wedge (demand bar).... 2] ... price headed toward the overbought zone around 1600 line 3] Pull-back toward the ...
- olegchartist replied Dec 12, 2019
1/ We have blue lines of downtrend 2/ The Pink Line of support was... 3/ ...broken down in the very bearish style: SB+ND+SB. It was effort of bears to push price down. Chart tells sellers have control over 1488 level. 4/ I plot green line of ...
- olegchartist replied Nov 19, 2019
#gold market update Yesterday we had a lot of volume in the tough range between 1460 and 1464 (1). As you can, indicator screams about activity of smart money. Later, price jumped upwards (2) from the tough zone. Note a lot of demand (green delta) ...
- olegchartist replied Nov 18, 2019
After trapping bulls here (1), professional selling pressure (2) pushed price toward the zone of support around 1450-1455 (we detected in my previous posts about gold) image Follow my thread
- olegchartist replied Nov 15, 2019
Update for Gold market Previously, We have detected the strength around 1450. SLKB under 1450 initiated the up-wave (I marked it with black wave-trend lines) Let’s update the view using new information from today’s session activity. image 1) On ...
- olegchartist replied Nov 14, 2019
3 facts why the gold market found the bottom 1) EVRB action. Look at the progress of wave 1-2 and its volume. It turns out 141/69 = 2k contracts per tick. Look at the progress of wave 5-8 and its volume (highlighted in the box). 206/46 = 4.4 ticks. ...
- olegchartist replied Nov 13, 2019
video Follow my thread
- olegchartist replied Nov 12, 2019
Why this $GLD cluster has big selling pressure and small bearish progress? Answer - hidden buying (support) image Follow my thread
- olegchartist replied Nov 11, 2019
image A wedge - small balance B wedge - a balance of the bigger size 1) trap (bulls entering, bears stopping out) before... 2) .. effort of bears for real breakdown The A wedge was broken in the bearish direction. While price is holding below (2) ...
- olegchartist replied Nov 7, 2019
We have a group of high-volume bars on fresh background. image Three red lines depict 3 bars with weak closes (far frow highs). They appeared around Resistance Line A. If those high activity (seen by spikes of volume) was represented by strong ...
- olegchartist replied Nov 6, 2019
We’ll open the daily chart XAGUSD from OANDA. The #silver market is more bearish than bullish. And here's why. 1) This is an SB - sales pressure bar. It formed yesterday, November 5th. But what is important. It was an attempt to rise before SB. On ...
- olegchartist replied Nov 1, 2019
This is what I call Van Damme pattern image Follow my thread
- olegchartist replied Oct 31, 2019
This is some insightful post from #Gold market. What is the main question for traders? Where the price will reverse. In order to produce bearish reverse, market need: many active longs (they will be trapped) many triggered SLs (they will be knocked ...
- olegchartist replied Oct 23, 2019
#Gold is acting a bit like #oil, because gold price achieved the line of resistance of the balancing wedge. But here the similarity ends, because gold bulls were incapable (yet?) to overcome the resistance line of wedge, while oil bulls succeed ...
- olegchartist replied Oct 16, 2019
On the left side you see 3d #gold chart, a lot of volume arrived on up-bars in the first half of August. Too much volume on up-bars - is a sign of Hidden Weakness as professional money get an opportunity to close big blocks of longs and spread gold ...
- olegchartist replied Oct 11, 2019
In my previous overview about #Gold (visit my profile for more details), I wrote this maket did trading in the range of balance between 1500-1520 levels. As a result, we got the formation of a big "bell shape" in market profile (left side ...
- olegchartist replied Oct 9, 2019
Gold is trading in the zone of balance. Buyers perfectly meet sellers, bids have the same weight as asks. Take a look at the chart to see the situation more clearly. I use Bar chart 4h, futures market on the COMEX Exchange. Red Zone represents the ...