XAUUSD Analysis On the 1 hour timeframe, price action has created a 1 hour Bullish retracement. Currently, price is in between the 1 hour low of 2326 and 2352. To get a clearer picture, I want price to break above/below these levels in order to look for potential trades. IF price breaks above 2352, i wll be looking for a break and retest of that key...
Sheep vs Wolves Sheep Believe that selling at the highest possible point will be the best potential bet Wolves wait for sheep to slip so that they can eat the sheep The problem with the sheep mentality is, what are you basing the "highest point" on How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest...
Last week, my gold analysis unfolded precisely as expected. However, following the reaction outlined in scenario (B), news on Friday at 3 pm triggered an upward rally, clearing out considerable liquidity and potential supply zones. This further solidifies my bullish bias, and I now anticipate a retracement due to the significant imbalance left behind by the price...
Xauusd rides its prices to make a mitigation along the 2040's of which a weekly formations sets in to pullback to BEARS*sell) till the 1990's before the BULL(buy) moves ... find this amazing by following for more insights and comments and boosts are welcomed .....Thanks🤝
And with that last post, here is the breakdown of the trade we were expecting. Price action moved nicely going into the close of the 4h candle. Overall it was correct analysis, congratulations to those that followed.
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
Looking at buys above the 1912 level on the 4h timeframe, should we see a closure above here I expect price to continue up towards at least 1920, however overall price is still bearish, but my bias will flip should we see a push up, creation of a higher low and we can then take the trade.
With sells still being the primary bias, we can look for sells at 1901 down to a potential 1895 where we may see rejection and price bounce towards the 1920 level. I wouldn't be taking sells during asia session purely down to the fact it's unlikely we have volatility given no news from the US yesterday but anything can happen in these markets.
Curently looking at buys on the 1h timeframe for a scalp, and then further buys should we see gold close above 1920 on the 1h time frame with anticipation of the 4h candle flipping after a bottom wick forming.
Looking at the breakdown of why the trade we took earlier that was marked with a buy limit line based on closure of HTF candles so that we can use this to learn from and add to our experience. Overall a very good thursday, tomorrow is another day and we do it again.
Yesterdays buy that we were testing the method of ended up being a success. This is good, but it's only one case out of many more to come. The overall theory of the trade was price breaking out of a range where there was strong support, tapping into a level that we had tapped before with anticipation that price would move back to the top of the range where our...
Looking at previous price action, buy limits are set at very key areas of rejection By anticipating price to come and tap these levels we are aiming for very quick 10 pip scalps. Break out of the range to the downside, grab liquidity and ride it back up. Tight risk management is key! This is not a trade I am taking on my personal account, only for live-testing...
We are currently in a tricky range, despite price looking heavily bullish on the lower timeframes I would be cautious as price is known to reject and range within this area Look for trades outside of this range and we can see a much clearer picture on where price wants to go and take trades based on that Patience pays.
Gold 4h is looking bullish. Strong support levels, price action rejecting the AOI. Buys above 1966 would be the safest way to play this type of price action if you're a swing trader, mainly because in the past when we have seen gold close above this price we continue up. Updates to follow after New York session
Looking at the weekly timeframe we can see 4 very key levels. The ones closest to us - 1966 and 1977 Why is 1966 so important? The simple answer is this is a key level the weekly candle failed to close above last week and what about 1990? a close above 1990 will almost certainly give us a shot at pushing 2010+ again and possibly looking at the all time highs....
With FOMC out of the way it's back to business (trading!) as usual. We will be looking for price to create support before being able to continue up as we go into the end of the week AND the end of the month. A close above 1980 on the monthly timeframe will be incredibly bullish as far as indications of bullish momentum goes, but that will be discussed further in...
Looking at Gold on the 1hour halfway through the current 4 hour candle, we can see price is rejecting the range we have highlighted. Should price close above 1966, if price creates a bottom wick touching the 1963 and below level, before moving back up and breaking it's own highs above 1966 we can take buys immediately based on the fact we have closed above a key...
Gold is still at all time highs at the moment, so I am still not sure if it will go higher and break the previous month high (PMH)/the monthly high from 3/1/22 again OR break and retest this weekly (W) zone that it is currently playing in and go bearish again. I do know that there is a M liquidity zone + a W B (buy) FVG (fair value gap) right under where price is...