Analysis Market on 13th to 18th August 2018

Whats up guys..

Today we want to share our analysis on gold market from 13th until 18th 2018. Did you remembered that gold market movement for several days is so boring?

Yup.. Because market gold in sideway mode. So what will happen in this week for gold market? Will gold market breakout from the symmetrical triangle pattern and shoot up?

Lets see the updated chart..

This is time frame H4 that shown gold market still in sideway mode. You can see from above chart that gold market make 2 tier ranage off price. Overall gold market still downtrend for long dan mid term.

Updated Chart…

After almost 2000 pips drop to reach $1200usd/oz. Nice rejection sign. But keep monitor it because that candle still in the making.

Updated Chart…

Ops.. H4 fail to make confirmation on reversal. Gold unable to rebounce at price $1200. The pin bar in H4 in chart before this just a temporary rejection since the shape of candlestick is not sexy enough to make rebounce bearish for gold market. So far, the lowest price close to price $1190. Gold break the support line on round number $1200. 

Since the market in time from H4 failed to make a changes to the gold market trend, then market bear still conquer gold market.

Updated Chart…

Our daily chart analysis. Its a long journey bearish mode for gold guys. Try focus on last 3 candlestick. Waiting for the confirmation. In this situation, if you had sell entry, be careful guys.

“Leverage your trading risk in different strategy and different purpose with different account” – Ir Sofian

Wow.. Gold reach price $1180. See guys.. Gold under pressure guys.

Look at chart above. Gold make a new low again at price $1175 and break the previous low on jan 2017 last year. Lets check our analysis on weekly chart below this.

Updated Chart…

This is gold journey on time frame weekly since 2015 until up coming 2018. What are the pattern for gold market every year?

We notice that in every year, gold market will be in uptrend the make a downtrend in the end of year.

Updated Chart…

Nice rejection coming in daily chart. You need to wait for the confirmation first.

Updated Chart…

Ahha..See..

Nice rejection on daily chart. But still no indication a strong momentum.

Updated Chart…

See more clearly when we zoom in the chart. Nice rejection at support.

We hope that from this rejection, market will make a move to uptrend. So, see you soon guys in our next analysis.