The price bounced from the support zone. We got a trend reversal signal based on a bullish divergence and a double bottom as a trend reversal pattern. RSI confirmed the price reversal not far from the oversold zone. MACD is bullish and supports a possible upward movement.
We have a possible buying opportunity against the local downtrend. How to make a profit from it? It will depend on your trading experience and tools which you use. I wish you good luck!
Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
This is common someone here publish ideas whit different direction (short long) one after another to be seen. The only end is to be seen, to advertise, to become someone with more like and more so called vip revenues. Your previous ideas was short on gold and only one candle after you publishing this with long!! what is this? what has been changed seen yesterday?
You don't know anything about analysis. This site is full of spam analyst.
DLavrov
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@DarkWaveHunter, the problem is that you have no ideas how to trade in different markets and how to use different tools, strategies, and timeframes. It doesn't allow you to get the exact trade opportunities and follow them. It is obvious for me that you don't have a good knowledge base and enough experience, because in another way we wouldn't read such comment with the wrong message.
Why are you so surprised? Because you don't know that different trading strategies can give different trade opportunities. For example for the same market one strategy can give you a buy signal and another strategy can give you a trading signal for shorting. Is it possible? Absolutely!
You are surprised because you don't know that different timeframes give different market conditions and different trade opportunities as well. So, you can use the same strategy but in the daily chart it will be short opportunity but in the 1H it will be the perfect buy signal. Is it possible? Absolutely!
We can talk about different strategies, indicators, patterns that can provide us different signals. But what for? It is impossible to get enough knowledge after reading 1 comment even from the experienced trader.
I recommend you to focus on getting knowledge, after that start demo trading using different trading strategies and timeframes. You will better understand what I'm talking about right now.
I hope you are not from those people who think they are too smart and they need only trading signals. I also want to believe that you are not a lazy person and you are ready to work hard in order to reach your goals in trading. I wish you good luck!
Also, you should have very solid reasons to write the bullshit like "You don't know anything about analysis", based on your comment I can say you don't understand what you are talking about.
DarkWaveHunter
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@DLavrov, I'm more experienced than you in the markets with different kinds and worked with different strategies. This is an excuse that you made to convince us that producing ideas like a unstop machine is not a problem. On Sep 24 you published short idea on gold, again on Sep 27 you reapeated doing so again short. Why? Because you wanted to be seen and be in top list of idea producer!!
I have one of the best price action algorithm here, so don't talk with me about working hard and knowledge and etc...
I know what I'm talking about cause I've seen too many of scams and spams here. One can simply update his/her idea and don't publish every day about same instruments on different or same direction. This is not about different strategies and methods.
DLavrov
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@DarkWaveHunter, if you are so good, why you ask so newbie questions in the 1st comment? It is obvious for everyone who has real trading experience. Why I should explain to you the simplest things?
How you can compare these 2 posts? HOW???
This post, Sep 27 was based on the Daily chart and a trading strategy where Ichimoku is the main indicator.
Today, I used the 4H chart and a trading strategy where the main indicator is MA.
How you can compare these 2 posts and be surprised that the direction is different. Of course, it can be like that. I really have no ideas how such an experience trader like you, doesn't understand the difference. Wow! Maybe you gained the wrong experience?
It is the same story as you would complain about why in TradingView there are so many different posts about Gold.
Don't you think you are completely wrong?
andoverg
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Sideline comment: Comparing the two posts looks like a short-term scalp play compared to longer term trend play. Two perfectly good set ups that could both play out, short term long pullback trade into resistance, then resume downtrend. No guarantees, but depending on your trading style and what indicators you like playing with, these are two totally valid setups. Folks can take them or leave them, like them or don't like them, follow along or don't. All good!
@DLavrov, Look, as I said this is not about different strategies. When I post a chart I try to do a comprehensive analysis from fundamental outlooks to short term and long term projections and even different direction and scenarios.
What you see in 4H chart here you could see yesterday too. Things are worse about two former analysis, both short. I know the differences here but this is not optimum to make a new post with any tiny differences except for the intentions of being seen in the top producer. For god sake there's a update section below any post you make, try to use it when differences are not that big! :| That's why I said you don't analysis, you advertise here.
It's easy to excuse, but to some degree we all know why we do what we do. That's all I can say ;)
DLavrov
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@DarkWaveHunter, you have your style, I have another style and other authors have their own styles as well.
I don't combine different trading strategies into one post. I show possible trading opportunities based on different trading strategies which I use in my trading. Every new post shows a new trading idea. That's all!
I don't provide trading signals and I don't have the goal to tell everything about the exact market. Different traders have opportunities to use the posts they like, as additional information for their own research. They don't need complicated posts that are overloaded by tons of different information.
So, we have to talk about different ways of how the content can be published. That's all I can say!
Protixder
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SarrDakk
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You. are right Bro..but too much buy market will kill.. be carefull
You don't know anything about analysis. This site is full of spam analyst.