K9_Gold_Trading_Educational

K9_Gold_Trading_Educational

OANDA:XAUUSD 5Feb24 Market Bias: At present Market is still showing Bullish Bias as it is above 10EMA(2036). On Daily TF: - 2Feb24 candle is Bearish but NOT BEARISH ENGULFING with rejection wick from downside. - 2Feb24 daily candle is still above 10EMA. - We are placed exactly at the middle of Bullish and Bearish swings. For Bearish Swing Confirmation: -...

K9_Gold_Trading_Educational

OANDA:XAUUSD New upward trend channel being created because of Lower Highs. Two possible paths price following through the trend channel. Normally trend channel retracement path is limited to 50% but recently even the retracements are deep which makes the price touch the upward and downward trend line.

K9_Gold_Trading_Educational Updated 

OANDA:XAUUSD (1/3) a) Daily "GraveStone Doji" candlestick on 31Jan24 showed signs of Bearish reversal (BR) with close of 2039. b) However, this BR is invalidated because 1Feb24 daily candlestick closed above 2039. c) This is sign of Bullish momentum. Scenario-1 (Most Likely): Bullish Swing Fib Extension of (1973 to 2089) is 2117 (1) and 2189...

K9_Gold_Trading_Educational

OANDA:XAUUSD TVC:DXY Hello Fam, Perspective-1: Tech Analysis On Daily TF: - 2018 is on the 50EMA support. - 1961 is the 200EMA support. Expecting retracement for Bearish swing to the upside at this level. - Price is at the 50 line for RSI indicates bearish trend and this acts as support too. - Expecting price to fall below 2001USD and test the swing low...

K9_Gold_Trading_Educational Updated 

17 Sept 23 - Analysis: OANDA:XAUUSD TVC:DXY a) 4H TF: Fib retracement perfectly aligned and respected previous levels. We can expect pullback to 1930 (0.786 Feb levels) b) 4H TF: Trendline resistance at 1938 levels. c) 4H TF: If it goes beyond 1952 to 1959 levels then its a GIANT bullish move because its a new HH and this might also create new HL. D) 4H...