4 + 1 (Metals) strategy

updated set of levels

1882.22
1884.42
1886.61
1884.27
1891.01
1893.20
1895.42

11 June 2021

Abit late to the party...... first obejective is to remain above 1892 handle on an H1 basis to confirm bulls interest....
1889.92
1893.66
1895.39
1899.56
1896.13
1900.87
1903.60
1906.34

Green Pips

Range bound now.....

Price struggling to pick a direction, but in the greater scheme of things, seems the bears are beginning to pick up momentum, that 1903/2 handle bringing down bearish gauntlet on the cross, last trading day for the week and if PA is anything to go by, price suggestive of a weekly close between 1875 and 1885....

With that said, there are signs of hidden bullish divergence on lower timeframes, may be wise to wait it out till Monday...

Last set of numbers

1873.65
1875.48
1877.91
1886.22
1889.09
1891.64
1893.87
1899.50*

Obi what's your call now? Do you see any new level to keep it bullish?

Updated Gold charts and outlook.
Top down approach;
D1 chart aggressively bullish, deep pullback into D1 Buy Zone with support found at former resistance tunred support trendline as per D1.
New set of HH and HL's formed on Daily chart, new Wave stucture formed and progressing accordingly.
H4 chart broken down following break of HnS neckline, immediate target reached and Broken at 1823. Price currently hovering around H4 200. Continued closes beloe H4 200 expose us to further correction towards 1789 and breaks and closes above, look for 1832/3.
Intra day trading H1 bearish but caution advised as price inside D1 buy zone.


Enjoy!

21 January 2022.


H1 Bullish.
H4 Bullish.
D1 Bullish.

Levels.
Upper
1877.00
1854.84
1846.59
1843.64
Lower
1835.88
1829.11
1823.32
1821.75
1810.44


Green Pips.

25 January 2022

1861.21
1848.25
1838.38
1834.96
1831.32
1828.81
1820.46


Green Pips

Daily open keeps rejecting.
Well worth noting short trades are counter trend as such caution and proper risk management to be exercised.

Update:

1861.21
1848.25
1838.38
1834.96
1831.32
1828.81
1820.46

Tagged.

1861.21
1848.25
1838.38
1834.96
1831.32
1828.81
1820.46


One more to the top left, but its a good sign price has broken overhead resistance, overall upsode objective for the inverse H4 HnS still acting as a magnetic target for buys...

26 January 2022

1865.06
1860.19
1843.17
1840.95
1838.99
1836.79


Green Pips

27 January 2022

1821.4
1814.06
1821.59
1801.19
1792.73
1791
1787.03
1782.30
1738.75


Green Pips

03 February 2022
1817.54
1811.15
1809.53
1807.50
1805.66
1803.55
1801.45
1794.75


Daily levels a bit compacted given rangebound trading Past couple of sessions....


Green Pips

07 February 2022


Levels for the week ending 11 February 2022

1845.21
1828.48
1825.86
1817.22
1812.21

1810.81
1808.55
1806.04
1794.53
1772.74

Green Pips