XAUUSD I hit stop loss & Asian outlook
Good evening Gold Gang! hope you are well.
Another good day on the XAUUSD chart with good selling opportunities. One small 20 pip sell in London session and a much larger 100 pip sell in NY. Sadly, the NY trade i was stopped out by a couple pips before it rocketed down .. big sad! .. but we get over it. Analysis was on point and allot of you guys took the sells and profited .. so well done!!
Onto tonights asian and pre London analysis .. ok so we have bearish structure forming nicely with moves to the downside towards 2002 level at market close. I would like to see a strong candle closure under that level to target the 1993 level marked on the chart. BE AWARE! that the 1998 price level is very strong .. so if you are in the sells .. be aware of that level and watch for reversals. If you prefer, you can wait for price to close below 1998 for extra confirmation.
Buys are marked up above the messy range marked .. there is a very strong 4hr zone in there which i would like to see cleared before the buys can happen.
NFP news tomorrow! so i would expect consolidation and god knows what to happen to price once the news is out .. so stay frosty!! quick scalps in and out do not hold at the news.
no buy stops and sell stops either .. the brokers always win there with slippage.
Have a good evening gold gang .. take care and ill catch you in the morning
tommyXAU
Another good day on the XAUUSD chart with good selling opportunities. One small 20 pip sell in London session and a much larger 100 pip sell in NY. Sadly, the NY trade i was stopped out by a couple pips before it rocketed down .. big sad! .. but we get over it. Analysis was on point and allot of you guys took the sells and profited .. so well done!!
Onto tonights asian and pre London analysis .. ok so we have bearish structure forming nicely with moves to the downside towards 2002 level at market close. I would like to see a strong candle closure under that level to target the 1993 level marked on the chart. BE AWARE! that the 1998 price level is very strong .. so if you are in the sells .. be aware of that level and watch for reversals. If you prefer, you can wait for price to close below 1998 for extra confirmation.
Buys are marked up above the messy range marked .. there is a very strong 4hr zone in there which i would like to see cleared before the buys can happen.
NFP news tomorrow! so i would expect consolidation and god knows what to happen to price once the news is out .. so stay frosty!! quick scalps in and out do not hold at the news.
no buy stops and sell stops either .. the brokers always win there with slippage.
Have a good evening gold gang .. take care and ill catch you in the morning
tommyXAU
Comment:
so .. i didnt realise gold was closed yesterday lol my bad ... so we will expect to see gold opening with a gap. Im looking forward to it!
Comment:
we are open from tomorrow!!! my analysis still stands just mind the gap .. as they say on the london underground .. tommy
Comment:
and boooom absolutely amazing sells through asian as forecast and to target. Congratulations anyone that jumped in. Sterling work