oyemyk

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.

Given that we have just broken a resistance level, and currently trading at an higher high level of the trend. The possibility of a bearish retracement for liquidity grab for further momentum upwards is in sight. Furthermore, the current Price pattern aligns with the structure Gold has chosen for this ongoing uptrend. It is importantly to keep in mind that buyers will be more interested to step in at the retest of the currently broken resistance.

Technical Analysis:The possibility of Gold breaking the current resistance is higher than ever. This is the courtesy of the recent symmetrical triangle breakout and buyers stepping in at premium prices to push the yellow metal further upward. Furthermore, we can see price maintaining the uptrend by respecting the trend lines; currently having price at a higher low.Furthermore, Gold is currently trading at a Breaker Block and Daily Bullish fair value gap, where buyers may be interested to step in, as the FVG encapsulates two strong bullish unmitigated Demand zones, courtesy of previous week bullish price action. In an unlikely scenario where Gold breaks these levels, it’ll be important to carefully assess the market for any support/ demand zones.However, the current chart patterns and price action supports a bullish sentiment.Fundamental Analysis:The inauguration of Donald Trump as the president of USA and his high tariff proposals which creates uncertainties in the market with the inflation building up and a possible Fed rate cut all hand their consent to a bullish continuation to the yellow metal.Geopolitical tensions which remain open to escalation are also increasing the safe-haven demand of the yellow metal.It is important to monitor market movements, use a good risk management plan with predetermined stop losses when approaching the market, as market conditions are fully subject to sudden for gradual changes.Wishing all traders a profitable week!

The setup above aligns with AMD and as we can see that Gold has mitigated the most recent supply zones.