d; the big trend is bearish
( for a quick intraday trade imma follow the 4h trend)
broke the range zone
price broke above resistance
broke the previous HH with high momentum
long wick rejection .
my entry was on the close of an engulfing candle
sl; previous swing
tp; nearest s/r a quick one price may...
TAKING PROFIT: trading trend pattern sometimes is not that easy because sometimes our targets meets some hurdle on the way which make us to exit the trade with fear before our target and we end up regretting it because the market finally gets to our target. But believe me incase whereby you've a sell order in a descending channel you don't have to panic in such...
Gold took a Royal Hiding the last two days. Do you know WHY? And maybe how to deal with it?
In this Video I look over the Future prospect for the Gold market.
Key Lessons you NEED to know if you want to effectively judge market moves BEFORE they happen and appropriately manage your capital.
Trade Small and Trade Safely.
Price has swept the low for LQ, and now pulling back for a correction, as expected. The noteworthy point to make is, it took out a demand zone in the process. Now, price is pulling back to the supply zone that broke the demand. It is a potential "demand2supply flip." I love these. I am looking for a sell setup as price enters the supply.
No setup, no trade.
Gold XAUUSD for the first time since April XAUUSD has formed a higher low and trying to break the resistance level of $1867, buyers are trying to take control and their power will be tested on the $1875 to $1877 level, breaking this level will lead Gold XAUUSD to test the level of $1900
Investors with long positions are advised to hold till the confirmation of...
As Market Risk sentiment eases around Safe haven assets we can start to plan out NEW long zones.
When we anticipate further price falls and look for ideal price we are often talking about SCALP/INVESTOR Trading.
This means you do NOT need to short.. Sit on your hands and take it long when price is right. This is much safer for Traders IF you can wait.
Price might come up to 1832.14 or 1857.80 as part of a pullback to the down trendline & continue pushing down or price might continue going down from recent price as well all the way to 1786.86 or 1765.73 if it breaks previous low.
If we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave.
In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave...
This week GOLD closed at 1973 as we have mentioned earlier we are bullish on gold up to 1990-2005
Best BUY ZONE around 1966-67
We have targets 1980,1984,1990 and 2002.
This targets are valid only if gold stays above 1960-62 zone , if this zone breaks then we can see price move towards downside.
The recent price action on XAUUSD has greatly reflected current market sentiment.
This is because alike most markets, there is indecision. This comes geopolitically and also Economically, with the FED minutes later today.
Current level has been touched on so many times Very recently with a longside move. Positive market sentiment likely to bring this asset lower.
Gold short term trading alerts
3 steps must fullfil before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you at home📉
Trading alerts always available to give
Good luck traders....