Hello traders what do you think about GOLD?
My setups for this week (21-25 Aug)
first Long setup
entry1 1893
si 1890 tp 1903
CONFIRMATION
1) it created strong support at 1887-1885,if it respect the support level with long wick rejection with a double bottom at support.
2) if it break and retest 1903 level we can take entry
3) double bottom formation at 1887-1885(in future)
4) market sentiment is bullish (80% client retail clients)
5) daily candle low at 1887 level
Second short setup
entry 1885
si 1887 tp1 1877
CONFIRMATION
1) daily candle low break
2) weekly bearish market structure
3) key level touch at 1885 (quaterly)
4) double bottom formation at key level (in future)
5) if it break and retest 1885 level we can take entry.
Third Short setup
entry 3rd tap of trendline
si 20-30 tp1 1893 tp2 1877
CONFIRMATION
1) third tap of trendline on 1h 2h 4h
2) on a HTF(weekly) market is bearish
3) double top formation
4) key level touch (monthly)
5) strong resistance area around 1910-15
My setups for this week (21-25 Aug)
first Long setup
entry1 1893
si 1890 tp 1903
CONFIRMATION
1) it created strong support at 1887-1885,if it respect the support level with long wick rejection with a double bottom at support.
2) if it break and retest 1903 level we can take entry
3) double bottom formation at 1887-1885(in future)
4) market sentiment is bullish (80% client retail clients)
5) daily candle low at 1887 level
Second short setup
entry 1885
si 1887 tp1 1877
CONFIRMATION
1) daily candle low break
2) weekly bearish market structure
3) key level touch at 1885 (quaterly)
4) double bottom formation at key level (in future)
5) if it break and retest 1885 level we can take entry.
Third Short setup
entry 3rd tap of trendline
si 20-30 tp1 1893 tp2 1877
CONFIRMATION
1) third tap of trendline on 1h 2h 4h
2) on a HTF(weekly) market is bearish
3) double top formation
4) key level touch (monthly)
5) strong resistance area around 1910-15