sayiefn

sayiefn Updated 

Everyone who can read charts should understand my theory :) unless its gonna break out to the upside.. We will see at the time

sayiefn

What we can see here is that price went up by retesting an very important support on the end of March. Price has been stopped out before hitting the resistance area around 1760-1775 If we Zoom in on the 4 hour you can see the rejection zone highlighted. If this level will be broken we can expect price to make a move to the upside If we zoom in even further...

sayiefn

Still based on simple support en resistance trading I'm expecting price to go up towards 1755-1765 area Unless the privé is able to break the previous higherlow

sayiefn

Hi there, Lets see how the market behaves when it opens. What i can see on this timeframe is price is making a H&S pattern. Both keylevels are being respected perfectly and the crucial head has already been created. This causes psychology to Stop out early buyers, a move the market always makes after the first shoulder creating the head afterwards Remember that...

sayiefn

The chart would speak for itself in my opinion. As seen in previous sessions we can see that price stays perfectly in range of the S&R in the downtrend. Below on the Daily timeframe we can see that price failed to stay above the Daily support and it basicly have to cool down again No Advice just my personal idea Trade and Stay Safe!

sayiefn

Unless the support level will be broken down. Long from 1771.25 SL slight below the 1760 level. I'm personally planning to compound the trade on its way up. The Chart speaks for itself in my opinion This is no signal or advice, just my personal idea and perspection This is Gold, Trade Save!

sayiefn

Price was not able to break the support yet and got rejected. So this would be the most logical way for price to react atm. We can see in the yellow circlesthat price have been rejected many times as well I've got stopped oout at the way up, so now we are waiting! I'm not expecting price to touch the trendline yet. We are still in a downtrend here We are gonna...

sayiefn

Chart speaks for itself I'm long from 1.36645

sayiefn

what I'm expecting to see, unless price will break the resistance

sayiefn

Sorry for the messy chart BUT: The blue bars representing strong Weekly Resisitance and support zone's As seen on the daily timeframe we can see that prices are currently being rejected ( see orange trendline which is drawn on the 4H) The Fib tells us that prices are currently within the Golden zone (0.618 and 0.5) Via the 1H Timeframe i personally...

sayiefn

We can see clearly that on the bigger frames the trend respects the support and forming a healty uptrend. Another clear thing is the outbreak on the RSI, and that prices are still above the 200 EMA on the 4H. As we can see on the chart we can copy the exact trend as an example of what could happe, If so we''ll need to hold the trade untill Firday or maybe next...

sayiefn

As seen in the chart I expect on the longer time frame that prices at least will touch the 200 EMA around 1820 before we can see a retest again. We can see that the 1815 is a strong support area as well The weekly candle will close very bearish with a long will. Prices would continue to fall. Next entry will be around that area to go long.

sayiefn

Very simple strategy. Retesting the resistance very clearly as seen above. As we can see al the other levels are being tested almost perfect, and although I use the 200 EMA most of the time for 4h and swing trades, look at it''s position right now on the 1H My SL: 0.90410 ( slightly above the wicks ) 1st TP: around 0.89900 2nd TP: around 0.84300 Trade safe!

sayiefn

Simple.. Unless prices break the trend

sayiefn

Clean simple chart, speaks for itself right?

sayiefn

Title says it all.. chart speaks for itself

sayiefn

Just a simple chart and clean simple TA. Or the chart will bounce up one time again or we will break this support and head down further. simple support and resistance trading

sayiefn

Let the chart speak for itself. As we see the trent is retesting a very strong support around the 1980 level Its cooled down, but prices are expected tp climb back again and probarly will wind a new resistance around 2100 within the next 2 weeks. ( do your own research ) Use Risk manangment, because gold is gold