XAUUSD We caught the sells and 18/4/23 Outlook
Good evening Gold Gang! what an amazing day on the gold chart
The first sells came after the forecasted fake out of the key level .. i entered as soon as i saw a bearish candle form after the rejections at key level .. i rode it down to the next level and then price continued again. Both levels forecast and its amazing to receive messages from traders who took the same trades as me.
For tomorrows price action, price has rejected the major key price level of 1983 with a huge wick. Id like to now start to move upwards to correct the bearish drops. This could be the beginning of the all time high run .. but we will need a biiig news catalyst for this to happen.
Sells below the previous close but be aware of price at 1979 as there may be a reaction from there.
Have a great evening guys, please leave a like and follow along for more xauusd updates
tommyXAU
The first sells came after the forecasted fake out of the key level .. i entered as soon as i saw a bearish candle form after the rejections at key level .. i rode it down to the next level and then price continued again. Both levels forecast and its amazing to receive messages from traders who took the same trades as me.
For tomorrows price action, price has rejected the major key price level of 1983 with a huge wick. Id like to now start to move upwards to correct the bearish drops. This could be the beginning of the all time high run .. but we will need a biiig news catalyst for this to happen.
Sells below the previous close but be aware of price at 1979 as there may be a reaction from there.
Have a great evening guys, please leave a like and follow along for more xauusd updates
tommyXAU
Comment:
no trades in london as there were no candle closures to be had in side trading hours. Patience pays
Comment:
took the buys at 12pm gmt but price hovered there for a full hour with no volume .. not interested in the price action so i exited at 5 pips profit.
Comment:
boop! major level rejection. Hoping for the range to flip to take buys
Comment:
crazy turn of events price reversed hard from the major level and rocketed up 200 pips into the buy zone!! .. congratulations if you took the buys for 100 pips .. i did not enter as the candle closed way too high in the range. Price fell short of the target by 2 pips lol .. it will prob hit later on. Back tonight with the asian analysis as always .. tommy