Gold – I Need Price Action For Clarity

(Click on image for larger view) Hi All, Since my commentary on the 6th Jan and 16th Jan, Gold has not made any major moves. Instead, a wedge has been forming (Orange pattern). I get quite annoyed when price action does not show conviction. While the Long set up from the upward trend line is…

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Is Gold Ready to Run Yet?

Hi All, This is just a quick post on Gold. (Click on image for larger view) Since my commentary on the 6th Jan, Gold has not made any major movements yet – though it has been making higher lows. Yesterday, price broke above a soft resistance (Green arrow) as well as a short-term downward trendline…

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Weekly Trade Commentary: 6th Jan 2013

Previous commentary: Commentary on 30th Dec 2012 Hi Readers, Happy New Year!! If you just returned from you holidays, hope you had a great break. The USD index made a clean touch around $81 and ended the week with a high test bar. While price made a new swing high, it looks over exhausted. This is…

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Weekly Trade Commentary: 30th Dec 2012

Related article: Commentary on 23th Dec 2012 Dear Readers, In line with last week, the USD Index continued its pullback since the bounce off the $79 level.  With Christmas and Boxing day in the middle of the week, market has been thin as expected. The following is my short watchlist for some longer term potentials…

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Gold Long Entry: Looking for my Pot of Gold

Hi readers, (Click on image for larger view) This is just a quick update for the Gold set up that I was watching. The 4 Hr chart above shows a double bottom pattern formed at the end of last week. As mentioned on my weekly commentary, there is also a soft support around 1695 level,…

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Weekly Trade Commentary: 9th Dec 2012

Previous commentary: Commentary on 2nd Dec 2012 Hi Readers, The USD index made a low at the start of the week but failed to stay there. Instead, the weekly bar closed slightly higher (apprx 80.4). The low in the middle of the week is also a higher low (compared to the low from mid-Sept and mid-Oct).…

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Weekly Trade Commentary: 18th Nov 2012

Related Article: Commentary on 11th Nov 2012 Hi Readers, The USD index continues to strengthen last week. It’s pretty annoying since I’m waiting for a pullback before any decent set ups would be valid. Nonetheless, the EURUSD and GBPUSD did start to retrace slightly towards the end of the week though the there’s nothing substantial yet.…

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Weekly Trade Commentary: 4th Nov 2012

Related article: Commentary: 28th Oct 2012 Hi Readers, Welcome to my first weekly commentary on TradeYourEdge.com. Thank you for reading this and hope you’ll enjoy my commentaries. Great News! The USD Index is finally on the move again. From my previous commentaries, we could see that the USD index was just range bound. As the week…

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Gold – Who Wants Some?

  (Click on image for Larger View) My eyes are on gold right now. As I write this article, Gold is forming a Symmetric Triangle – as shown in the 60 min chart above. I’m excited about it as I await a strong run coming ahead.. and I want some that run. As we all…

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Weekly Trade Commentary: 7th Oct 2012

Related Ariticle: Commentary on 30th Sept 2012 Last week, the USD Index showed a decent short continuation pattern which respected a downward trendline. My current bias is short based on that and I’ll use this to find trade set ups for the Majors and Minors. My watch list for this week is: AUDUSD – Price is…

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