oyemyk

The recent US government shutdown has provided an upside opportunity for the yellow metal, as the shutdown has left investors with uncertainty. As a result of that we can see opportunities presented and aligning with the chart patterns price has been following. Friday closed with an ascending triangle on the smaller timeframes, up to M15, which is clearly yet to break out. However, it MAY be possible to see a low momentum breakout or no breakout and or a reversal to sweep the Sell-Side liquidity left on Thursday, where buyers should step in for continuation at the H1 Demand. Ensure to manage your risk and protect your psychology and capital. Have a profitable week!

We can see Price making a reversal after sweeping the Wednesday daily high and shifting structure while leaving an Hourly and 15 minute Imbalance. This is clear indication that price intends to make further correction before continuing to the upside. And the first target would be Wednesday low, before we can experience any significant upside movement. As a result, there are trading opportunities clearly highlighted in the chart below. Have a profitable week guys.

After a strong bullish rally, we can see price retracing and presenting an opportunity to the bulls who initially missed out. But it is important to not get caught in the middle. The key to a continuation trade is choosing the right levels for entry, which can be seen clearly highlighted on the chart. The weekly imbalance below current Price Action. It is also important to not that the RSI is heavily diverging on up to the M30 time frame where the market closed last Friday, which may present an opportunity for the sweep of the liquidities price left behind last week. Trade responsibly and adapt to market conditions. Wishing you a profitable week.

The decision of the daily and weekly candles to close bullish shows a clear indication of further bullish intentions.As visible on the chart, Price has been ranging after mitigating a 4 hour Fair Value Gap and has stayed within the range. However, since it'll eventually have to make a decision, the possibility of a more upside movement appears to be more likely.Moreover, fundamentally, the rising geopolitical tensions further fuels its bullish fire as the demand for the favorite safe-haven asset increases - Gold.Furthermore, technically visible trading opportunities are visible on the chart - However, we may face a pull back at the Supply zone above current price as the 15 minute chart shows bearish divergence on the RSI. As a result, the occurrence of price making a higher high and the RSI making a Lower High heightens the possibility of a pull back to the Mitigation Block/ RBS (Resistance became Support) Zone of 3384-8867. Should price make a further drop below this level, a deeper fall may be anticipated.Always put your equity first, As tough as trading is, the upside is that opportunities always appear in the market. Don't blow your account and emotional balance on a trade or trade idea, another will come, maybe even better. Manage risks. Wish you success.

The breakout of the currently forming chart pattern could mean the resumption of the bullish trend* sorry friends, I wrote the he tailed analysis and it disappearediso if anyone is interested, write in the comments then I'd take the pain of providing a synopsis.*

Currently we can see that Gold has just invalidated a 4 hour Imbalance that aligned with several confluences that should have fueled a bullish move. This leads us to believe that the next bullish move might wait a few days, while price creates and takes necessary liquidities, while moving within the descending channel.As a result, I have highlighted urea's of interest and possible tradable levels promising up to 1,100 pips (11,000 points).Higher timeframe analysis will be released soon.

Due to the ongoing trade wars and rising geopolitical tensions; already existing and uprising between the US and Yemen this fundamentally provides more bullish opportunity for the safe-haven metal.The current price action also supports the bullish intentions with a Bullish breakout of the bullish flag chart pattern with price finding support at the resistance of the bearish trend line.Although the breakout has been with consolidation with price sweeping both buy side and sell side liquidities, which has resulted in the formation of an ascending triangle which may still require a few downward and upward price movements to fully take effect.Remember, trading is difficult because of loss of capital. Only a proper risk management can guard against this.-

Overall gold is still bullish.But it is forming important chart patterns: Head and Shoulder and Descending channel pattern.The pull back is to fill the imbalances left behind and afterwards an upward continuation can be expected.Only risk management will safeguard a trader amidst market uncertainties.

After Gold has broken out from the rising wedge and heading for the Weekly FVG and then to the Monthly which it would soon be creating This trade idea is a great way to follow the short-term downtrend.Always remember to manage risk.

Currently, Gold remains bullish as it’s fueled by Geopolitical tensions and uncertainty in the market regarding President Trump’s Tariffs plans.Gold has currently retraced to a 4H OB and lower low where the bulls may charge up to raise their horns.Traders should be reminded that it is important to use good management plan when approaching the market.Wishing all traders a profitable week ahead.