Gold – The Road Map Ahead

(Click on image for larger view) Hi All, Apologies for being quiet, in case you haven’t realised, I’ve been doing some DIY on the website. If you have a chance, please let me know what you think? More importantly, let me know if there are any areas for improvement. 🙂 All right, back to the…

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Weekly Commentary: 10th August 2014

Previous weekly commentary: Commentary on 3rd August 2014 Hello Traders, The USD closed the week around $81.40 again. Looking at price action, the nice high test pin bar gives me comfort that price is about to retrace. Of course, this can be a pullback or before more higher or it can be a longer term…

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Weekly Commentary: 3rd August 2014

Previous weekly commentary: Commentary on 27th July 2014 Hello Traders, The USD index closed the week around $81.40. More importantly, the high of the week was around $81.70 before it closed lower. Remember the $81.50 resistance that I was looking for? While there is no clear sign that the price has broken that level, it’s…

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Are You Trading in Circles?

If you have been reading my articles, you would have realised that when I first learned to trade the financial market, it took me a few months to realise that Trading was more than just Technical knowledge. My gut feeling was that technical knowledge was going to be the easier step towards trading success. However,…

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Gold – What is it doing now?

(Click on image for larger view) Hi All, Just a quick update on Gold. After seeing the Engulfing bar on the 15th July (see article), I took a short trade and price became really choppy. Thankfully, it was a break even trade. Since then, the market hasn’t given me anything substantial yet. So, instead of…

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Weekly Commentary: 27th July 2014

Previous weekly commentary: Commentary on 20th July 2014 Hello Traders, The USD closed the week around $81.10, this is definitely a new high compared to last week and this looks like a more and more convincing new up trend too. On top of that, this is a new higher high compare to high in early…

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Weekly Commentary: 20th July 2014

Previous weekly commentary: Commentary on 13th July 2014 Hello Traders, Since the sideway market last week, the USD index had been crawling higher and closed the week around $80.60 and it was generally a sideway market – which isn’t much compared to last week. For a good confirmation of an uptrend, I need to see…

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What Can Traders Learn from Footballers?

The month of June/July was when the world had their attention on Brazil, the hosting nation of the FĂ©dĂ©ration Internationale de Football Association (FIFA) World Cup 2014. This is a quadrennial event hosted in different countries and it’s a tournament for the association football world championship. This is also an event that nearly all football…

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Gold – Engulfing Bar Showing Sellers’ Dominance

(Click on image for larger view) Hi All, Just a quick update on Gold. This precious metal tested the 1331 Resistance level a few days ago but it did not give any convincing price action (I would much prefer a bullish trend bar closing above that level). Unfortunately, because we did not get a bullish…

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Weekly Commentary: 13th July 2014

Previous weekly commentary: Commentary on 6th July 2014 Hello Traders, The USD index closed the week around $80.20 and this week seems like a correction market. Having said that, when looking at the bigger picture, I need to remember that price is till pretty choppy and, in line with my commentary last week, until I…

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