Gold:
- Daily PA reacted to a weekly level, but price closed below this level showing bearish momentum. Current daily price has pulled back above that weekly level but is weak. H4 is sitting on this weekly level after some bearish movement. Previous H4 price has broken structure to the downside so some sort of retracement into a resistance level may be upcoming....
Gold:
- Gold is pretty choppy as well. I still have a short bias on gold though, at least into the 1636 levels. Need PA to clean up before any entries.
GBPJPY:
- Daily GJ is bullish at the moment with 12 hours to go, engulfing yesterdays bearish candle. It did close on a daily level. H4 is retracing potentially back to the weekly level at 137.36 and then...
Gold:
- Gold breached 1700. Also reacted perfectly off of that psych level as well as my weekly level forming a massive 300 pip H4 bearish engulfing, engulfing the open gap up. H4 showing good bearish momentum maybe down to the 1611 weekly level. M15 structure needs to show me a potential entry opportunity to go short.
GBPJPY:
- GJ gapped down at the open...
Gold:
- Two days ago Daily price rebounded and shot up off of the daily level to previous price before the selloff. Price is currently respecting that sell off daily level with yesterdays candlestick forming a hammer. H4 price has yet to close above the daily level consolidating for 10 candles (40 hours) but still trading above the EMA. Price on M15 is ranging...
Gold:
Gold Daily price closed insanely bullish yesterday after the massive sell off on Friday. Price has come back into the daily supply level where price originally fell off. Price on the H4 time frame is respecting this level at the moment with 5 candles respecting and closing below that level. Price is also formed a downtrend with an uptrend structure...
Gold:
Friday daily candle took out 7 previous daily candles, but left a sketchy wick to the downside. Yesterdays daily candle finished as a doji candle off of a minor daily demand level, but also wicked off of a weekly supply level. At the moment today's daily candle is bullish, but we have 8 hours left in the day. H4 is pretty choppy and no candle has...
Gold:
Daily candle from Friday was stupid dropping almost 800 pips in one day, but it did leave a nice wick below before closing. Today's daily candle is indecisive at the moment with 8 hours left until close, but did touch my weekly level at 1611 so more bearish action might be possible on daily angles. H4 time frame showed a nice bounce off daily levels...
Gold:
After an insane bullish run Gold needs time to breathe before testing 1700 levels. Tuesdays daily bearish engulfing candle and Mondays daily pin bar candle off of a daily supply level suggested it was time for gold to breathe. Wednesdays daily candle was indecisive bouncing off of the 8 EMA support almost perfectly. H4 really suggested much of the same...
XAUUSD Short at 1521 area. Daily candles suggesting a slow down in this massive uptrend with a massive daily wick a top, followed by a bearish engulfing with yesterdays candle. Dropping down to the M15 time frame lower highs and lower lows continue to be made as we saw a drop from 1690 to 1630 just within the last 2 days. Price is returned after bottoming out at...
