SteadyFund

SteadyFund

Although gold is in highly bullish trend, it won't go up without retrace. In 8hrly TF, it is completing 5th wave, I am expecting it to go down today. 1st target 3182, 2nd target 3142.

SteadyFund

Gold was very volatile last week, with single day fluctuation around 1k pips. This was caused by policy issue. After touching 2950, gold quickly went up until 3247 for the past week. The bullish continuation is still strong. I will continue with my buying orders as long as we don't see a red candle weekly or daily support is not broken. I will expect price...

SteadyFund

Gold broke every resistance yesterday and reached another ATH. The bullish momentum is very strong right now. I am cautious in taking shorting orders. Will look for buying opportunity from 3167, targeting 3225.

SteadyFund

Gold has found its support at 2970 yesterday and went all the way up, almost touching 3100. Ahead will be a strong resistance from 3105-3012. I am expecting it to respect the resistance and move towards 3025. If we see a red 4hrly candle, it will be downside confirmation. Let's monitor the price action closely.

SteadyFund

Yesterday good retraced further to 3020 and dropped from there. I am seeing further downside momentum but also reversal possibility. If we have a 4hrly bullish bar, we may see short term bulls picking up. Therefore, I am monitoring closely on these two levels 3000 and 2960. Will act accordingly on price actions there.

SteadyFund

Gold has respected 3000 support yesterday and went up all the way to 3052 as expected. After that, it dropped all the way to 2957, breaking 3k support. Currently it is trading above 2960 support. In regard of current strong bearish momentum, goldy should continue to fall today, at least in Asia and Euro trading sessions. I am looking to sell from 3000. 1st target...

SteadyFund

As explained in my weekly post, I am expecting gold to bounce from 2960-3000. In the opening of the week, it has already touched 2982. I will be cautious in selling today as my 1st weekly target has been reached. As long as 3000 is held, I will buy towards 3052.

SteadyFund

Finally we see another red candle on goldy. A lot of people said this could be the end for the bull. However, I don't think yet as currently it is only in the middle of the 4th wave. The next two weeks would be crucial. If we see another green weekly candle, we will be on the way to the final wave, which i think will be the end for the bull for this year. For...

SteadyFund

Gold was quite mad yesterday. After touched a new ATH of 3167, it quickly dropped more than 1k pips to 3155 and went back another 800pips to 3135. Finally it closed the day above 3110. While in smaller timeframes it showed bearish signals, in 12hrly TF, it is above EMA and daily support of 3105. I will be cautious about trading today as it is NFP today. In...

SteadyFund

Gold didn't break 3010 support yesterday and has formed a rising triangle as shown. This pattern is a sign of continued bullish trend. I will buy today and 1st target is 3162, final target is 3178.

SteadyFund

After gold closed the day with a red candle, it has now entered a short term retracing mode. Currently it is holding above 3110 support. If broken, I am expecting it to drop to 3087 today and bounce from there.

SteadyFund

Gold has been in bullish momentum without any sign of weakness. Therefore, I am only looking to buy today. There are three scenarios for today's trading: 1. when 3127 broken, trade upon retest 2. From 3111 support 3. From 3085 support

SteadyFund

Gold is in bullish trend but I don't think the path is so straight. Right now, I am monitoring the close of this 4hrly candle. If it is closed in red, price may go down to 3057. However, if it closes above 3087, price will continue to shoot up. However, I feel the chance for it to retrace is higher. Let's see what the market will give us.

SteadyFund

Gold has been in undisputed bullish trend. There were some days of consolidation at the beginning of the past week. I almost thought there were some serious corrections ahead. However, it quickly went up at the last two days of the week. Currently in 2W TF, gold is in its third wave, which is normally the longest. There is no sign of slow down of bullish trend...

SteadyFund

Gold didn't go down as expected but broke all the levels and the channel. It has now resumed its bullish momentum. I am expecting it to retest the channel top. I am looking to buy from 3043-3045 level and targeting 3072.

SteadyFund

The channel is still holding but gold failed to break 3030 resistance. I am expecting gold will experience a heavy drop today. if the channel is broken, we will see a retest of 3000 soon. we can try to catch the fall upon retest. If 3000 is broken, we can target 2980, or even 2930 today.

SteadyFund

Gold has been consolidating within 3032 and 3002. Although a green candle was printed in daily TF, in 4hrly TF, a channel is formed. I am expecting price to touch the channel bottom and rise up to touch channel top again. If channel top is broken, it will resume bullish trend. Otherwise, a heavy drop will be coming.

SteadyFund

Gold indeed rejected from 3030 and dropped towards 3000 yesterday. Although it is currently holding above 3000, I don't think it will be the end for the correction. A continued drop is expected today. I am looking to sell from 3015 and targeting initially to 3000, if broken, we may see 2980.