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- LouisSuguna replied May 17, 2021
1875 is the next point of interest.
- LouisSuguna replied May 7, 2021
Hi folks, as expected Gold smashed 1800, nearly reaching 1850. Jobs report today hit the dollar badly. As the labour market recovery is decelerating, we can expect inflation to rise slower than expected (in-line with the Fed). This also means that ...
- LouisSuguna replied Apr 16, 2021
unfortunately, this move was correct. I made some money, but my bearish bias got the better of me - and I lost out on gains. I am expecting 1800 next week.
- LouisSuguna replied Apr 10, 2021
Right now it looks like we're (wykoff) accumulating on gold. A larger move would see more testing of the range between 1680s and 1750s. I don't expect a significant and sustained break to the upside anytime soon (at least not in the immediate term). ...
- LouisSuguna replied Apr 10, 2021
Took this too. Very good.
- LouisSuguna replied Mar 7, 2021
Looks like we've finally got our stimulus! The question is: how is the market going to react on open? You can expect massive gaps for sure, but in which direction? Given how the USD has performed over the last few weeks is unusual for those betting ...
- LouisSuguna replied Feb 28, 2021
Do agree with KeenPips, retracement is likely after friday’s sell-off. Momentum is still there favouring downside. There is, however, stimulus which has been passed in the House and is only a matter of days till passage in the Senate. Markets have ...
- LouisSuguna replied Feb 20, 2021
Doji close on Thursday. Bullish close on Friday. Will monday be a sucker's trade? Or will we steal the candy from the baby and aim for 1800? It is more likely for bulls then it is for bears, which is my case for next week. However, overall I am ...
- LouisSuguna replied Feb 20, 2021
The more tests of a zone, the weaker the zone becomes. Zones are fragile, so it's only a matter of time before they break.
- LouisSuguna replied Jan 31, 2021
Hi peeps, long-time no-post. Have a very simple point of reference for everyone technically. It seems we are reaching the end of a triangle formation in the Gold price. Thus, upside and downside seem equally as likely. image From here it looks ...
- LouisSuguna replied Jan 17, 2021
Looking down next week, market wants to get buys at better levels before stimulus.
- LouisSuguna replied Dec 11, 2020
Have some ideas, however just reporting what I am seeing. Weekly: image Daily: image 4h: image Tell me what you think. Haven't been actve here for a few weeks. But, this week's close has some contention. In other words, it could go either way ...
- LouisSuguna replied Dec 11, 2020
Helpful stuff, thanks
- LouisSuguna replied Nov 27, 2020
Yep, great sells today. 1770 was my monthly 50% retracement. So I expect some consolidation followed by some more shorts down maybe to 50 or even 1720.
- LouisSuguna replied Nov 27, 2020
Thanks mate!
- LouisSuguna replied Nov 25, 2020
can you explain this further boss?
- LouisSuguna replied Nov 25, 2020
Targeting 200DMA @97. However, monthly technicals point toward 1750.
- LouisSuguna replied Nov 21, 2020
Gold rejected 80, and closed around 70. Could be the start of a dead-cat. Targets are still aimed below 50 and toward 20. However, as per usual, I could be wrong!
- LouisSuguna replied Nov 15, 2020
Interesting close on Friday. COT data for net-positions amongst non-commercials on the USD turned positive a couple of weeks ago. I have reason to believe that price should follow suit soon. Thus, my gold bias is down. However, I am expecting a ...