$XAUUSD $GOLD Forecast and Trade Setup for 30th March to 3rd April 2015

$XAUUSD $GOLD Forecast and Trade Setup for 30th March to 3rd April 2015

Weekly Chart

• Weekly is quite heavy and ichimoku is down trend
• RSI positive divergence
• Possible double bottom for the mean time?

Daily Chart

• Good price reaction from support
• Ichimoku still in down trend

4 Hr Chart

• Ichimoku is on up trend
• Intraweek trades to the upside is ideal

Outlook Trade opportunity

Long for intraweek is ideal

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

$XAUUSD Gold Forecast and Trade setup for the week 9th February, 2015

XAUUSD Forecast and Trade setup for the week 9th February, 2015

Since my last trade setup from the 20th of Jan 2015, my short setup for the gold market was in my favor as it has worked out perfectly for a Cypher Harmonic Pattern which completed at a very nice 00 level and resistance level.

This week would be interesting after last Friday's positive US data pushing the gold even lower towards 1230's. Reflecting on the charts, the Weekly Candle and Friday's Daily Candle is quite bearish, and could perhaps have some momentum to go lower at beginning of the new trading week.
Lets see the charts and comments below:
Weekly Chart

• Quite a large bearish candle last week
• The Ichimoku Tekan and Kijun Sen lines should act as support
• The Clouds did provide some resistance last two weeks where the candle did pierce through the clouds and having two consecutive relatively small body candle 

Daily Chart

• Bearish Cypher did work perfectly from my post from 20th of Jan
• Friday's Candle looks quite ugly for the bulls, where we currently holding support at the 1230's and last weeks Weekly S2 pivot
• Ichimoku Clouds are still indicating a bullish future and if you see how price and the clouds had a huge gap / space... perhaps this retracement is needed
• Apart from the clouds acting as support, we do have an ascending trendline drawn in from last years lows .
• My view - still in a bullish bias, and possible sideway action to come

4 Hourly Chart

• Now the 4hr Chart does look ugly. however we do have the 1230 support and the Ascending trendline and don't forget the Daily Chart Ichimoku clouds...
• Note that I spotted some Positive RSI Divergence

Outlook Trade opportunity

For this week, there might be some sideway /ranging action if the 1230 support holds.

For Intraday / Scalps - Shorts favoured at around 1250

For Intraweek / longer term - Long Favoured - only if 1230 Support is holding or / false break is performed. If 1230 broken, then work with the 1200 level

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

XAUUSD GOLD Forecast and Trade setup for 20th January, 2015

XAUUSD GOLD Forecast and Trade setup for 20th January, 2015

Potential Bearish Cypher pattern completing at 1290-1300 resistance level

Daily Chart

For gold, My targets of 1290 have been achieved from my analysis from earlier this year. So right now we are seeing a small rejection from the 61.8 fib and 127.2 inverted fib. The 78.6 fib for Cypher to complete is at 1298 to be exact so we may see failing rally to attempt to break the 1300 levels.

• Cypher pattern completing at the 1298 (78.6 fib)
• Bearish Trendline also at that zone
• Monthly and Weekly Charts are in Bearish Ichimoku Technicals
• 1300 round number acting as good resistance
• Could be risky selling into it, because of a very strong bullish run

Outlook Trade opportunity

So this is how I would trade - Since its been in a very strong bullish run, I shall be looking for another rally towards the 1298-1300 which i predict could possibly be a failed rally. I'll look for Rejection Price action candles on a H4, and once confirm would enter a short, with stops above the failed rally .

I would classify this trade to be a higher risk due to the bullish run, and also where the zone is located where the risk :reward won't be stacking up in our favour

Risk Level High

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

XAUUSD GOLD Forecast and Trade Idea for January 2015

XAUUSD GOLD Forecast and Trade Idea for January 2015

Sorry using charts from Trading view without my support levels

Monthly Chart

• Ichimoku Break on the Monthly is a strong indication that further weaknesses is expected in the long term view

Weekly Chart

• Weekly is showing some exhaustion in selling, as buyers a coming back in
• Any closes above the 1200, is a good indication that buyers are in control and I shall be targeting around the 1280-90 as the potential area where sellers will jump back in for new lows

Daily Chart

• We identified the Ichimoku break on the daily chart, so we may see a correction

Outlook Trade opportunity

At these levels, and because of the Daily buy signal, for short to medium term trade, I would suggest taking Longs with targets around initially 1250 then on towards 1280-90.

Would short at 1280-90 if it gets there targetting near lows and possibly continued further losses onto new lows

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

AUDUSD Forecast and Trade Idea for January 2015 -

AUDUSD Forecast and Trade Idea for January 2015 -

Trading currently in a very important support zone - and if it holds, Its very good for a counter trend trade because something which is NOT on the Aussie chart... .. read on

Monthly Chart

• As you can see the Ichimoku Clouds have been broken on the Monthly, which usually is a good indication of the long term view of the continued weakness of the Aussie Dollar.
• However even though it broke the clouds, we must not ignore the most simple fact of charting as we see a very important Support zone (above 0.79), so until it breaks and close with conviction , then we can seek opportunity to trade with the trend towards lower levels as a long term trade

Weekly Chart

• Take note of the break BELOW of the Lower descending Channel line, which is extremely bearish, but again, only break of the 0.79 handle could we see further losses.

Daily Chart

• Zoomed in the daily with the support zone
• Not surprisingly there are buyers in here which does give the RSI some positive divergence

Outlook Trade opportunity

Given the fact that we are at a very major level here on all time frames, its a good area to get in long for a counter. However, what i said as the opener of this analysis, there is a hint which i got NOT from the Aussie CHart, but from the GOLD chart.

Gold chart - Daily TF - we have a classic Ichimoku trend reversal trade which usually is correlated with the Aussie. So therefore i do believe a Long trade for the short - medium term is playable!

Risk Level - Medium to High

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

XAUUSD Gold found some support - Update 7th November, 2014

XAUUSD Gold found some support - Update 7th November, 2014

Daily Chart

• Above is a chart Dated back to 2010 to show the support levels we are currently at

Hourly Chart

• On a 4hr Chart, you could see that it produced a good pin bar from the support and inverse 127.2 fib - right at 1131

Outlook Trade opportunity

Could be interested for a pull back to resistance at 1150 for a price action signal to go short. Please refer to the Daily Chart where the 1150 was a good flip zone therefore This level should act as strong resistance

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

XAUUSD Gold Forecast and Trade setup

XAUUSD Gold Forecast and Trade setup 

Weekly Chart

• RSI is showing weakness

Daily Chart

• Bullish Cypher is possible Note this pattern is not the same as the one on the 4hr chart

Hourly Chart

• 4hr Bullish cypher is possible at the next support zone
• Near term price action is in a bearish momentum, however price is trying to go back above support where it could be a false break ,
• on the other hand, price could drop to the next support if US Data is hawkish tonight

Outlook Trade opportunity

Bit of an unknown for short term trade, however, personally i have taken a short position targeting 1260-65's

Risk Level High

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad

XAUUSD Forecast and Trade setup for August 2014

XAUUSD Forecast and Trade setup for August 2014

Daily Chart

• A large Gartley Pattern is possible which completes close to huge support

• A Smaller Gartley is fast approaching
• Would be nice if we could see positive divergence on oscillators when approaching the PRZ zone

Hourly Chart

• H4 chart shows the smaller gartley from the Daily Chart,

• As you can see it completes at a 4Hr Chart support area

Outlook Trade opportunity

I am interested on the near term Gartley (smaller pattern), as it completes nicely on the 4Hr support zone which if you scroll left, its proven to be a very important level. With the market condition of the DXY, as its fast appraching another resistance, it could be the same time where the DXY / Dollar Reverse, and Gold hits the Gartley PRZ zone
Summary, i'd like to monitor this as it approaches and look at the market condition to take this trade, If it does play out to my anticipation above, it should be a nice trade

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

Résuméabuiyad