GOLD New Range Detected , Buy&Sell Areas Cleared , 2000 Pips !

Aug 10

Here Is My 15 Mins Gold Chart And This Is My Opinion , we have a new range created after this huge movement to upside last week , it was a very strong movement and the price reached the highest res that reached last month and now the price a little slow before taking the new direction , so we should spot our area carefully , so the price new range now cleared , the price now very near a good area for sell @ 4340.00 / 4343.00 and this is a good area for sell if we check we will see that area the price closed below and then retested it for 1 time and now i`m looking for second touch and if i have a good bearish price action we can sell from it and targeting at least our buying area @ 4315.00 / 4313.00 , and if the price go higher and tried to retest the highest area @ 436500 / 4370.00 then this will be the last area for sell if we have a good bearish price action and we can targeting the buying area or at least the nearest area for sell , and if we have a closure above 4372.00 then the price will continue to upside and we can enter a buy trade when the price back to retest the broken res , about buying area as we mentioned we can buy from it if we have a good bullish price action when the price touch it and if we have a closure below it then we can sell after the price go back to retest the broken support , all entries depend on price action and we should using a decent sl in any entry .

Entry Reasons :

- Clear Range Detected
- Clear Support & Res

Aug 10

Trade active

The Price Touched The Nearest Area For Sell @ 4340.00 And Then Reached The Target By Touching Our Buying Area +200 Pips And Then The Price Touched Our Buying Area And Moved +100 Pips

Aug 10

Note

The Price Touched Selling Area @ 4340.00 and then reached the target for nearest area for sell ( buying area ) +200 pips and then the price touched the buying area and moved +240 pips And Now waiting for the last place for sell @ 4365.00 / 4370.00 and will see if the price can reach it or not

Aug 10

Note

The Price Touched Selling Area @ 4340.00 and then reached the target for nearest area for sell ( buying area ) +200 pips and then the price touched the buying area and moved +490 pips And Now waiting for the last place for sell @ 4365.00 / 4370.00 and will see if the price can reach it or not

Aug 10

Trade closed: target reached

The Price Broke The Highest Res And Give Us More Than 650 Pips From Buying Entry And Now We Have A Good Closure Above Our Res So We Add New Entry When The Price Back To Retest The broken Res

Aug 11

Note

The Price Back To Retest The Broken Res And Then Moved +200 Pips

Aug 11

Note

The Price Back To Retest The Broken Res And Touched Our New Buying Area And Then Moved +280 Pips

Aug 12

Note

The Price Continue To Upside After Closing Above Our Res And Then Back To Retest And Then Moved +600 Pips