


AlexXxScalper
PremiumGOLD 08/12 – MARKET SENTIMENT AHEAD OF CPI Market Overview Gold is moving exactly in line with yesterday’s scenario, with key price zones reacting well and delivering strong profits. The 3343–3345 support zone continues to hold firmly, showing a strong rejection of selling pressure. At present, the market is awaiting a breakout of the trendline channel to confirm...
Gold 08/11 – Uptrend Channel Breached Market Overview Gold has shown notable changes in both volume and price structure since the start of this week’s trading. The short-term uptrend was breached when price broke below the H4 trendline and touched 3378. If the H4 candle closes firmly below this level, it will confirm a short-term bearish scenario, making selling...
GOLD WEEKLY ANALYSIS 12–16 AUG — CLEAR TRADING PLAN Market Review Last Week Gold traded sideways within an upward channel after the NFP release, maintaining a tight range throughout the week. This environment favoured traders who bought at support and sold at resistance, producing multiple winning trades. However, for medium-term swing traders, the lack of a clear...
GOLD TODAY – WAITING FOR A CLEAR BREAKOUT Market structure remains intact, but a strong breakout could be imminent. Gold continues to follow the ascending trend channel that has formed since the NFP data release, though market volume remains relatively low. This type of price distribution typically signals a build-up before a sharp breakout. For seasoned traders,...
GOLD 08/07 – AWAITING CLEAR BREAKOUT FOR NEW DIRECTION Price is consolidating within the rising channel – uncertainty persists as both buyers and sellers hesitate. Gold continues to trade within an ascending channel, but the momentum is weakening. The sharp drop after testing the 3397 zone – right at the trendline – clearly shows rejection from the buyers....
GOLD 06/08 – BULLISH SCENARIO REMAINS ON TRACK Early-week recovery shows promise, but confirmation is still needed. Gold continues to edge higher following yesterday’s rebound, yet the uptrend hasn’t fully solidified. Bullish momentum is present, but buyers remain hesitant near key resistance zones — evidenced by the swift rejection from the 3390...
GOLD 08/05 – STRONG SELLING PRESSURE MARKS THE START OF A CORRECTION Is this the beginning of a deeper wave down? Gold breaks its bullish structure as momentum shifts. Gold appears to be entering a notable correction phase following an extended rally. A key catalyst today will be the release of US PMI data at 9:00 AM (GMT-5), which could heavily influence both...
GOLD 08/04 – A MINOR PULLBACK COULD BE BREWING Market Overview Gold started the week in consolidation mode, with price action remaining narrow and mostly unchanged around last week’s closing range. This phase likely represents a re-distribution or supply–demand testing after the recent strong rally. Early signs of a short-term correction are emerging,...
GOLD WEEKLY OUTLOOK (04–08 AUG) — CFP STRENGTHENS BULLISH MOMENTUM Is gold back in the race? Last Friday’s NFP data may have given it the boost it needed. Gold appears to have resumed its bullish track after last week’s NFP release, which triggered a clean breakout through key medium-term resistance levels on the H4 timeframe — especially the 3334 zone. This...
CANDLESTICK PATTERNS EVERY TRADER SHOULD KNOW 📍 Morning Star This is a three-candle pattern. The first candle is a strong bearish candle following a downtrend. The second candle opens lower than the first candle’s close, has a small body and long wicks, reflecting market indecision. The third candle is a strong bullish candle, equal to or longer than the first...
GOLD AHEAD OF NFP – MARKET SENTIMENT ON EDGE FOR A BIG MOVE Friday marks the first trading day of the new month and also the NFP release — a high-volatility event that could reset market direction. 🧠 Macro Outlook All eyes are on the US Nonfarm Payrolls today. Forecasts suggest a weakening US job market, which could pressure the USD if actual data aligns. Gold...
Gold 31/07 – Pullback Confirmed, Bullish Momentum Returns As the month closes, gold breaks key resistance, signalling a shift back to bullish territory. Let’s analyse what this means moving forward. 🧠 Macro Recap Following yesterday’s FOMC meeting, the market has nearly priced in a rate cut in September, with Fed Chair Powell adopting a noticeably more dovish...
Gold 30/07 – Pullback Confirmed, Eyeing the 0.5 Fibo Zone Gold reacts after climbing gradually – is this a healthy correction or the start of something deeper? Let’s analyse what’s driving today’s setup. 📈 Macro Summary Markets are starting the week cautiously as three key events loom large: the ADP report, Non-Farm Payrolls (NFP), and today’s highly...
Gold 29/07 – Breakdown Before FOMC: A Warning Shot? Is gold flashing a bearish warning ahead of a high-volatility week? With the FOMC meeting and NFP on the horizon, market sentiment is on edge… 📈 Macro Summary This week, traders await two key catalysts: the FOMC decision and the Non-Farm Payrolls (NFP) report. Both events could impact USD dynamics and gold...
GOLD (XAU/USD) 28/07 – Gold's Upbeat Start: A Real Opportunity or Just a Tricky Move? Macro Snapshot: This week, which marks the end of July and the start of August, is packed with big economic news that will definitely shake up money flows and financial markets. Everyone's eyes will be on the FOMC meeting where the US Federal Reserve (FED) will announce its...
GOLD – 25 July: Bearish Bias Maintains as Week Nears Close 🧠 Market Overview As we move into the final trading sessions of the week, gold remains under pressure. Yesterday’s price action continued to the downside, with a minor rebound during the late London session, but momentum has stayed bearish into this morning. On the daily timeframe (D1), price has not yet...
Gold 24/07 – ABC Correction Wave in Play 📉 Technical Analysis Following yesterday’s sharp drop, gold reacted well around the 3375–3377 zone, which was our scalping buy area, producing a bounce of over 10 dollars. However, this level is more likely a temporary resistance zone, potentially forming Wave B of an ABC correction, and not ideal for longer-term buy...
Gold’s 5th Wave May Be Over – Is the Pullback About to Begin? In the early Asian session, gold tapped into the 1.272 Fibonacci extension, which aligns perfectly with a key H4 resistance zone. According to Elliott Wave Theory, this may mark the completion of Wave 5, and I'm anticipating that this upward move has likely come to an end around the 3439 level. 📊...