This is 5pm Nigerian time and GOLD (XAU/USD) is having a swell time climbing high. Shat started as a slow climb early this mornig at price 2758.62 has slowly and consistently climbed to the all high 2796.59 currently and will still go higher.
the cascading and upward alignment of the last 6 candles on the 30′ chart shows the buying power is muuch and will continue in that direction for a while. price will get to at least 2802.51 before it retraces in my opinion. A culmiation of NEWS since yesterday plus today’s monetary policy statememt at 2;15PM WITH THE unemployment claims that was released at 2:30pm has directed the gold in the same direction.
I forsee stronger buys at least in the interim. I will take a buy from its current position and exit at 2802 for a few pips.
Thanks,
TOPNINE.
THIS IS EXACTLY 3PM NIGERIAN TIME AND GOLD (XAU/USD) IS AT PRICE 2758.80 ON THE 30 MINUTES CHART IT CAN EASILY BE SEEN THAT THERE IS AN UPWARD CONSOLIDATION. AS A PRICE ACTION TRADER WHEN TWO CANDLES OF SIMILAR HEIGHT ARE FORMING NEXT TO EACH OTHER IN OPPOSITE DIRECTION ,THE LATER CANDLES’ DIRECTION IS WHERE THE MARKET IS GOING
ON THE 30′ CHART THE GOLD HAS A BUY CANDLE OF SAME HEIGHT AS THE PREVIOUS SELL (BEARISH) CANDLE. SO THIS IS MOST LIKELY A BUY MARKET. I WILL NOT GO FOR MUCH PIPS AS I WILL EXIT THE MARKET AT PRICE 2763.0 AREA.
I’VE BEEN USING THIS TECHNICAL ANALYSIS FOR AGES NOW AND IT WORKS SUPREME.
SO I WILL BE BUYING XAU/USD AT 3PM NIGERIAN TIME FOR A COUPLE OF PIPS BEFORE EXITING THE MARKET FOR ANOTHER OPPORTUNITY. REMEMBER GREED IS NOT GOOD. SO RISKING A SMALL LOT SIZE OF 2-5% SHOULD SUFFICE FOR THIS TRADE.
THIS IS MY POSITION FOR THIS PERIOD.
THANKS,
TOPE AJALA
FROM NIGERIA.
THIS IS 12:30 PM NIGERIAN TIME. GOLD HAS JUST CONSOLIDATED. THERE WAS A SELL DOWN TO 2734.77 THIS MORNINGWHICH WAS THE LOWEST POINT IT HAS REACHED SO FAR TODAY TUESDAY JANUARY 28TH 2025. IN THE LAST 3 HOURS GOLD (XAU/USD) HAS BEEN ON AN UPWARD TREND.
THE UPWARD TREND IS GOINT TO CONTINUE TO AROUND 2746.5 AT LEAST AS PER MY SPECULATION. PRICA HAS BEEN RANGING AROUND PRICE 2744 IN THE LAST 24 HOURS AND I EXPECT A BREAK AWAY FROM THIS LEVEL SOON. A LOT OF FAKEOUTS AND FAKE CANDLES WHICH PROMISED A STRONG BUY BIAS BUT LATER RETRACED CAN BE SEEN ON THE HOURLY CHART. MARKET WILL SOON BREAK THE RANGE ZONE FOR A STRONG BUY SOON.
THAT IS MY LATEST PROJECTION/PREDICTION ON THE GOLD.
THANKS,
TOPE AJALA
FROM NIGERIA.
XAU/USD (GOLD) IS AT 2759 NOW AS AT 2:20PM NIGERAIN TIME THIS MONDAY 27TH JANUAARY 2025, THERE WAS AN LONG MOVE IN THE EARILIER PERIOD TODAY BUT MARKET IS RETRACING FOR A SELL AND SO I HAVE ENTERED A SELL POSITION. PRICE WILL GET TO 2754.
THAT IS MY POSITION AND SO I EXPECT A SELL CONTINUATION ON THIS 15′ CHART OG GOLD.
Trump// It’s a good idea to redollarize, by driving dollar down to 0.15 cents or 0.25 cents and making yuan worth nothing effectively, they would need to manufacture so many yuan to buy 1 American dollar.
It’s only a matter of time then before implementing a reverse dollar peg against a basket of currencies and then Gold.
Then!! and I say then everyone will clamor to open manufacturing facilities inside the United States (as that will soon start to happen), to export “Made in America” products to their own countries against which the dollar and gold peg is in effect.
Tariff’s can always be adjusted later down the line…
Biden was right about concentration of wealth but then a Dollar and gold peg would make it an excessive concentration of wealth…
The concern here has always been D.O.G… Dollar, Oil and Gold…
compensation of the different kind
Goldman CEO gets big pay boost, plus $80 million bonus for another five years at helm
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