Gold being raged to make its new high 22160's now in the projection of breaking down of the analysis, in other to decipher apt analysis to bolster up more confluences for theb next liquidity sweep
GOLD look very short. For me we back to the Support. Today is first Friday of Month therefore very careful
At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where...
Looking for Gold to continue bearish when market opens. Price is currently wicking and refusing to go higher at market close on Friday. There is a 4H liquidity zone where price is refusing to break. I'm expecting a 4H sell fractal to print after market opens. Lets see what happens
With the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for...
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...
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.
overall compared to last friday not much has changed on the daily timeframe. We have a weak bullish candle print to close the week off, despite a pump from the news released on Friday price continued to make it's way down and overall the target remains the same as what we saw on the weekly, expecting a liquidity grab at 1870 before price bounces and moves back up....
Another bearish week, another closure below a key level on the weekly. The close below 1917.318 is key because this was a previous level of support when looking back over the past 3 years. With this in mind, when we have seen the weekly candle close below this level there is a high probability of price driving down to 1873, with some resistance at the 1900 level...
Gold closed below the 1922.62 support level - in the past when price has closed below here we see price tap 1903 With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet. Keep in mind we have...
Looking at further sells predominantly on the 5 minute timeframe, easy scalp for 10-20 pips with stop loss greater than the current range. Previous trade we got stopped out at break even so this could be a second try at price making its way out of the range towards the next level.
Looking for a quick scalp as gold continues to trend down during London session, sell stop set at the level indicated in the chart 1930.268 and we will ride this down ideally towards 1928, Stop loss will be the most recent high.
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.
Thursday was one of those days, nothing but ranging which was to be expected given NFP tomorrow and the major moves being earlier this week. To keep this short and sweet - I still expect price top continue down, however, first we need to see a liquidity grab to the upside because we can continue going down. Overall swing bias is sells. Sell sell sell. 1900...
Historically, whenever price has rejected the red zone price has continued down towards the 1800 level, so we continue to anticipate the weekly candle price action to continue down. The only obstacle may be NFP this week, however outside of that expectations are for gold to continue down.
1st day of the month and we are off to a cracker. We said yesterday that we can anticipate swing sells based on the monthly candle rejecting strong resistance and that is exactly what we saw. Plan remains to visit the low 1900s and even 1800s, after such a heavy move down beware of consolidation/retraces before price continues down.
Despite gold closing bullish for the month of July, Price action indicates bears are still in control and there are opportunities for swing-sells The reason for this is due to the fact that the 1970-1990 levels were rejected in the month, showing strong resistance is still intact and we can anticipate the support created at the 1900 level to be broken for a...
Looking at sells here, Price has rejected the 1970 level perfectly, taking a sell here and moving stops to breakeven once we see 1964 tapped will be the best way to play this trade out. Targets remain 1950 and lower.