Introduction Daniel is a futures trader from Colombia who has adopted the momentum trading approach. He uses a combination of indicators such as the Keltner channel, simple moving averages, Renko bars, and order flow cumulative delta. Daniel is very disciplined in his approach and doesn’t try to achieve perfection. He has leveraged the OneUp Trader Read More…
Gold retracement gives a possible long reentry for the Bulls. Rising wedge pattern identified on the 4-hour time frame. Market overview as we approach the Fed meeting next week. Quick Recap Gold Futures pushed through the $1,780 level mentioned in our analysis on December 2nd. The price has retraced from a recent high of $1,822.9 Read More…
The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…
Technicals appear bullish in the medium term for Gold. Analysis of the volume profile, Fibonacci retracements, and 100-day Moving Average. Entry and stop loss placement ideas. Daily Chart Analysis In our previous article, we indicated that even though Gold was rallying with strong intent, there was no point chasing the market, but rather ideal to Read More…
Gold prices trading the major support zone on the monthly chart Potential bullish targets. RSI showing overbought in the short run. Bull flags and the Gaussian channel on the hourly chart. Monthly View We did a piece a few months ago on the multi-year support zone in Gold between $1,674.1 and $1715.5 here. The Gold Read More…
Gold prices soared following a sharp drop in US inflation. China’s senior authorities advocated for more focused restrictions amid a rise in COVID-19. The odds of a fifth straight 75bps Fed rate hike have fallen below 15%. A massive rally in Gold (GC) futures prices occurred following a sharp drop in US inflation data on Read More…
