GOLD New Range Detected , BUY&SELL Areas Cleared,1500 Pips !

3 196
Here Is My Opinion On 30Mins T.F , We have a huge movement to Downside And Then Huge Movement To Upside , and now the price created a new range after the last range we traded for last 2 weeks , now the price created a new Res @ 4090.00 To 4100.00 and touched it for first time 1 hour ago and bounced from it so we can consider it as our selling area and we can sell from it and targeting max the buying area that mentioned on the chart around 4015.00 / 4020.00 and we can buy from it when the price touch it and give us a good bullish price action ,and all buying trades is a scalping trades cuz the main direction still very bearish , and if we have a 4h closure above 4100.00 then the price will continue to upside and we can enter another buy trade .And if we have a Daily Closure Below our second area for buy @ 4000.00 Then The price will continue to downside and we can add another sell trade .

Entry Reasons :

- The Price Created A Good Support & Res .
- Old Res & Support Need A Retest.
- Good Bearish Price Action Around The Res .
- Good Bullish Price Action Around The Support .
- Good Closure In Bigger T.F .
Trade active
The Price Touched Our Selling Area And Moved +140 Pips

snapshot
Note
The Price Touched Our Selling Area And Moved +340 Pips

snapshot
Note
The Price Touched Our Selling Area And Moved +460 Pips

snapshot
Trade closed: target reached
The Price Touched Our Selling Area And Moved +460 Pips

snapshot
Note
The Price Continue Moving More Than 500 Pips

snapshot
Note
The Price Touched Our Selling Area And Moved +800 Pips And Then Touched Our Buying Area And Moved +180 Pips

snapshot
Note
The Price Touched Our Buying Area And Moved +480 Pips

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.