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- aeternum replied Feb 21, 2022
Gold has been on an upward trend only because of the Russia-Ukraine tension. Technical analysis is not the best way to go about looking at charts right now I believe Russia is being very careful about what they're putting out as statements as well ...
Gold
- aeternum replied Feb 12, 2022
If we take a look 2 years ago prior to COVID, the attack on a US base in Iran caused gold to spike up very strongly and COVID was basically fuel to fire. My thoughts are that right now there are no actual attacks happening, it has been only talks ...
Gold
- aeternum replied Jan 9, 2022
Ranging markets are the best markets for scalping. When it starts trending, you wouldn't want to be scalping, you want to be following the trend
Gold
- aeternum replied Jan 6, 2022
Price is breaking 1800 right now. Last lower high capped around 1826, closing below 1800 gives us a lower low which would be ideal for further drops. This move could potentially stretch down to 1763 or even lower to 1726. Upside is still capped at ...
Gold
- aeternum replied Jan 5, 2022
JPY prices have been falling since start of Dec and accelerated from 20th Dec onwards. There has been a slight retracement today, but who knows, it could decide to keep pushing higher although I'd love to see them all retrace at least 50% of the ...
COT: The precious data ignored
- aeternum replied Dec 31, 2021
Well prices bounced from 1789/90 and hit 1830. Time to see what price does here, if it wants 1850. Retracement first level of support comes in around 1811 based on larger time frame although 1823/24 area seems possible for a light bounce too.
Gold
- aeternum replied Dec 29, 2021
Ah yes sorry. Hit the wrong digits. We saw a pretty decent bounce so far from 1790 but we got capped at 1805 support turned resistance and price is starting to turn lower. Breaking 1785 would be significantly poor for the bullish outlook.
Gold
- aeternum replied Dec 29, 2021
Gold having a surge down, broke 1800 and now back at 1794. For up trend, we shouldn't see a close below 1787. Ideally we want prices to bounce 1791-1793 and go towards 1825-1830
Gold
- aeternum replied Dec 28, 2021
It's a holiday week. Most banks are on holiday. Most traders are taking a break. Not sure what you mean by legit/official forum. This forum is pretty legit/official
Gold
- aeternum replied Dec 21, 2021
Well 61.8 of the move up lies at 1776, so that is definitely possible. But we will still see 1830 if it gives an AB=CD up move. It just has to break 1811.
Gold
- aeternum replied Dec 18, 2021
Well I won't be surprised if we get there. Interestingly enough, 38.2 is at 1790.83 for me and bouncing off this to 27.2 extension lines up at 1830. Either way I'll be watching prices closely to push my longs into. But there's no way I'd do it based ...
Gold
- aeternum replied Dec 18, 2021
Gold on the weekly looks pretty good for more upside but the daily looks horrible with 4H clearly showing a pinbar doji rejection off near 1815. If you look at the 1H chart, you will find that 1811.7/9 is the tip of the resistance where it has been ...
Gold
- aeternum replied Dec 17, 2021
Well there's no price action telling me to sell. But it is an area worth watching.
Pro7 PA trading analysis 28+GOLD
- aeternum replied Dec 17, 2021
EURUSD has quite a bit of buying interest at 1.1317 levels. This has acted as resistance in the past. Looking for it to break 1.136 and 1.1378 for 1.14 and beyond. Weekly is building up into a good buy setup.
Pro7 PA trading analysis 28+GOLD
- aeternum replied Dec 17, 2021
I will start to be wary of gold's price action from here to 1808, it is overbought and definitely slowing down. Can expect a retracement here. Hoping 1790 holds for us to propel towards 1830. If 1790 holds, I will look to put in more longs for 1830, ...
Gold
- aeternum replied Dec 16, 2021
Watch GBPNZD price action at current levels. Any engulfing rejections would be a sweet sell. But previous low did not reach 1.9385, so technically it is a higher low still.
Pro7 PA trading analysis 28+GOLD
- aeternum replied Dec 16, 2021
Prices starting to look a little overbought now. Going to pump in more rounds if we get some retracement. Weekly looking to be significantly bullish, feels like it wants the moon now with UK rising cases and Fed, as well as the whole world, still ...
Pro7 PA trading analysis 28+GOLD
- aeternum replied Dec 16, 2021
Gold has broken 1800 pretty effortlessly but 1H and 4H is starting to look overbought. Weekly price action suggests we may get more upside if we can close today above 1800
Gold
- aeternum replied Dec 16, 2021
It's also giving gold a well needed boost. Looks a little overbought, but will be interested to load in more buys. Still holding 2 from 1784 and 1785 locked in at 1786. Let's see how much it can give us before retracement
Pro7 PA trading analysis 28+GOLD
- aeternum replied Dec 16, 2021
Hourly gold has broken previous resistance at 1792.11, testing the highs at 1794. Eyes forward to 1800-1808 at this point. I'm keen to see some retracement on hourly for more buying though.
Gold