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!