Niko13821

After a lot of bullish week, we may assist to an huge retracement.I will take care about last week hight and assume there will be a bullish momentum to around 2960-65.If this level is sustained it will probably go to the 3000.If the 2960-65 level mark an huge sell off, this could lead us to the weekly retracementSell idea Entry : ~2950-65SL : 3% RiskTP1 : 2920TP2 : 2900TP3 : 2880TP4 : 2832Was a good call this time

Hi everyone, i try to share some idea, feel free to leave a constructive comment to improve my skills ;)As the GOLD drop on friday, it could be a simple retracement on the 4h TF but in daily the gold rally does not really retraced on previous level.I should look at 2867 level (Key point 1) to be deterministic if we break the structure it may go to 2830 (Key point 2) and may bounce to 2900-2923 (Key point 3) to mitigate FVG and start the retracement to the 2700 to end the retracement on the OTE around 2700.If the break of structure fail on (Key point 1) we may bounce directly to (Key point 3) around 2900-2923 and then retrace to the OTE 2700.If the price breaks 2927 i will consider a bullish continuation and will find another entry after this break to target 3000.At this moment my feeling is more bearish than bullish. As the TA suggest that the bearish is near and the last economics are in this favor.my opinion may change during asian session and the price action on 2867 Key level.I wish luck to everyone.Kind RegardsNiko

We probably will see a retracement to 50% fibs before getting back to the ATH.With US ISM Manufacturing PMI on Feb 3 we may have an indice above the forecast of 49.3 that may enforce the retracement to around 2760$. If 2760$ holds and prove a strengh in long position it could be a confirmation of this scenario.On the other hand if Manufacturing PMI goes less than forecast we maybe have a bounce on the 38.2 Fib around 2780 $ to reach the 2850 Target. XAUUSD