Time Frame: Daily
Signal Info: The price pattern of gold is quite lucrative today. We are optimistic that the gold price will rise but as the price is building momentum upwards and already advanced ,we are neutral to take any action. Entering at this point seems to be unsafe and we do not consider the current situation a valid...
Time Frame: 4H
Bias : Neutral
Signal Analysis: We are neutral today. The price is congested and do not seem to be moving very far for the time being. However, opportunities can be traced at lower time frame. But it is recommended to ensure higher time frame confirmation.
The reason why i think is a buy since we broke the lower high at the 1753.60 in the 1h timeframe, a 4 touched demand zone w/ up fractols, an morning doji star ( candlestick pattern ) at the close and a broke trendline.
HI, my name is Maxx Lipa I'm a forex and crypto trader, I analyze chart using smart money concept
this week analysis will start on gold/usd since my favorite pair is GBPUSD and EURUSD
its an NFE week so expect some crazy price actions
a lot of banks around the world are on holiday
so its gonna be a slow week
but then just keep following my analysis
Hi, my name is Shooter_Forex.
Wait Wait Wait Wait Wait Wait Wait Wait at Price 1700.00
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
Here i only see a 4HR Trendline .. Im expecting it to go a little bit more down because of the dollar index.. dollar index is getting strong and im expecting the trendline to be broken .. again Im not trading in between those levels.. if the trendline hold the support im going to go for longs if not im going to probably look for a break and retest and go short..
it is now oversold on the daily chart as well. I suspect a bounce off this support due to the RSI and current price action and a channel forming before taking on a newer high or newer low.
Also, lots of the news surrounding Gold has been both positive and negative, leading me to predict with an edge that there is a new neutral channel in play.
NOT TRADING THIS MOVE!
I think once more leg and drop it like it HOT. Every indicator is exhausted. This is a wave 5 bubble and when it pops, don't get burnt!
Where it goes up to is anyone guess now - the yellow lines mark some daily candle resistances - but really this is nothing significant. - It's in the hands of the big banks now to wheel the retail traders...
GOLD in A very GOOD POSITION TO TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
target 1708 because w've created a nice weekly tweezer top.
Dependant what will happen this sunday night (gap or no gap)
But i am bearish because the dollar looks also very bearish altough the FED testimony is also bullish sometimes on gold.
So on monday my target would be 1708 for gold and and tuesday i am neutral because the fed testimony.
Tweezer tops work...
Gold just reacted tp the recent rectangle retest support because , thus we might go in the next hour (16h) to the last resistance of 1720 and after if it's breaks(probably, because it hitted the recent support) we might heading towards 1729 !
trade safe and take your risk-reward with you always