Darkangels pips hunter

Gold targeting the broken daily channel

They make round trip

Gold 4hr

Oil
Reach the top of the channel should find some resistance.

Wach London close
Remember its friday evening

Oil 4hr
There is a risk that price done with wave B

This week 14-18feb

The political events in Ukraine and President Baiden mentioned that this could start the third world war had left a huge impact on the market and Gold, Oil went up like crazy.
This week's most dangerous products are Gold and Oil, the risk is great that we see large movements that lack a technical explanation but also a great opportunity for those who want to take the risk.
Oil weekly is in possible bearish divergence which is not confirmed yet and if the market gets a calming signal, Oil may actually fall hard. On the other hand, oil can only fly away north as the crisis continues to develop negatively.
Gold is in the same boat, the market is fleeing into safe heaven as long as the crisis continues. technically, Gold is now close to resistance 1860/80 and should fall or so-called retracing back to the 1820/40 zone.

I recommend that traders stay aside and only observe if they do not have a real deep pocket that can hold under all possible great movement in both Gold & Oil.
Gold from Eliot wave perspective passed point C in abc correction and should now be ready for wave 3. But we have to see some down move to get it confirmed. Traders with large capital can actually plan to short Gold with SL above 1880.

We are short on Gold from 1863.

We also see that GbpUsd is ready to continue with its down move but we first need the price to go up to 1.3650 / 37 area before we take short positions.
AudUsd is another option that would be good, here we have to wait until the price moves back to 0.7220 area before we take short positions.
GbpNzd is on support and can actually move up again.
EurCad is on support and should aim north.

Be careful this week.
Be selective and trade safely.

EurCad

Price targeting 1,4530 then if that cleared next 1,4653

Oil

We are short based on weekly channel and bearish divergence on 4hr (correction in an uptrend) .


Gold.

We are short based on Eliot wave pattern.

2022-02-14
The attempt to recoil upwards in the USA got a real thorn in Thursday-Friday. This after the United States more or less declared that Russia will invade Ukraine this week, most likely on Wednesday. It is always impossible to know what is truth and falsehood in connection with war, because all parties run their propaganda machines at high pressure. The market reacts like a hedgehog and shrinks in anticipation of news of developments. Uncertainty is the enemy of the stock market. Even if the stock market fall increases, a rapid upswing can lead to minimal positive news. It is more important than ever to keep track of the graphs!
The interesting thing is that the nerves have already taken over in Japan when the Bank of Japan, after three years of rest, now goes in and buys "unlimited" bonds in the market. This at the same time as the prices of oil, wheat, corn are rising in the wake of the risk of war between Russia and Ukraine. Of course, the BOJ should rather tighten liquidity in the market to curb inflation. But they may take care when there is room when the United States tightens.

We are closing our Gold positions

EurCad

Gold retest the broken channel again, could be a signal for some move down, lets see

Well, it looks like time for Oil to fall , EurCad to raise and Gold to .....

I start selling Gold based on the broken channel line, SL 1880

and Oil , adding long on EurCad

Gold monthly

I wonder what pair you trade right now guys?

i'm in sell GOLD @1871 sl 1880 DA long EC