SteadyFund

SteadyFund

Market has been very slow for the past two days. Gold appears to be stuck within the two trend lines. Looking for buy opportunity from 2302 level today. Target 2342.

SteadyFund

I am still bullish in Gold. We can buy instantly from 2312 towards 2330. Possible to break until 2343 today.

SteadyFund

Gold didn't retest 2280 level but Indeed Gold made a bullish move yesterday. Today's main strategy is still buying. I will try to buy from 2312 towards 2342. Please refer to the chart for key levels.

SteadyFund

As suggested by my last post, my main strategy for this week is buy. Gold is now trapped within the trend lines. We shall buy from supporting line or once resistance line is broken. However, it's highly possible that today the trend line won't be broken. Let's see how the market behaves today.

SteadyFund

Gold is currently on the 4th wave. Within this weekly wave, it's also at daily 5th wave. We shall see a green weekly close next week. Bullish trend should continue until 2400 where we will see multimonth correction. My trading strategy for Gold next week is buy.

SteadyFund

Gold did fall from 2323-2330 and it found a strong support at 2283-2290. Overall trend is bullish but there is a high chance it will spike down and touch 2073 then reverse. Today's strategy is to sell from 2323-2330 zone and buy from 2283-2290 zone, depending on which touches first and the price action at these zones. Be reminded that today is NFP. Market will...

SteadyFund

Gold still bearish in medium term. Short from current 2323-2330 level. First target is 2300 and ultimate target is 2270.

SteadyFund

Gold has broken daily support at 2292-2295 and closed below. Selling is the main idea today. Will look for selling opportunities from 2307 and toward 2272.

SteadyFund

Gold didn't break 2328-2333 support yesterday. Ideally I was expecting it tests 2360 and goes down. However, Gold may directly go down from current price today, as today is the last day of the month and a lot of profit taking will take place. We should sell if the 4hourly trend line is broken or from 2360 zone. Patience is the key!

SteadyFund

Main strategy is selling today. If Gold breaks 2328-2333 support, looking for retracement for selling opportunities. If Gold goes up to 2352-2364 zone, sell directly. Patience is the key.

SteadyFund

Not as expected, Gold didn't retest 2400 zone but went straight down. This is a lesson learned to control risk and have patience. There is always trading opportunities. No need to rush into a trade. Forcast next week: Gold should first go up to 2364 then to 2290. Happy weekend and Have a balanced life.

SteadyFund

Technically Gold is still stuck in 2313-2333 range. Daily perspective, it's still bearish. I will not go long from here. Today's main strategy is still sell.

SteadyFund

Gold didn't break 2325 yesterday and form a red daily candle. This is a sign of bearish continuation. I will only short today. Expecting from 2325 zone and targeting 2300.

SteadyFund

After water fall, Gold should retrace at least to 2354 level. Daily candle didn't break 2305 yesterday, indicating retracement is coming. We should have couple of days bulls running before short opportunity appears. Today we will try to buy from 2310-2315.

SteadyFund

Gold didn't provide a spike again at the beginning of this week but delivered a waterfall. In regards of the weekly channel, Gold should not fall below 2325, which will be monitored closely. If broken, should go all the way to 2250. If not, it will retrace to 2355-2365. Watch out for the signals in lower timeframe.

SteadyFund

As illustrated in the chart, I am expecting Gold to rise to 2400-2410 and then fall again at least to 2380. After the conflict in middle east, Gold should come to normal trading behaviours now.

SteadyFund

In my opinion, Gold is now in its 5th wave. Within this 5th wave, there are 5 waves and current in its 5th wave as well. Gold is going to reverse into temporary correction and should correct until 2305. Afterward, it will rebound to at least 2430 and close May in slightly green candle. Then Gold will engage several months of correction toward 2135.8. From...

SteadyFund

Gold can do anything right now. I am not trading breakout. There are a lot of stop loss hunters. I will keep close at those two tread lines. Engage trades when not broken.