As discussed throughout yesterday's session commentary: "My position: Current sequence heavily depends on today's GDP numbers, and as I do expect strong upside number on the announcement, I will look to re-Sell Gold as High as possible ahead of the event and pursue #2,300.80 benchmark test." I have engaged order on #2,329.80 within pre-GDP time however as GDP...
Gold created a big bearish engulfing on the Daily TF. The current monthly candle has a decent amount of bullish exhaustion( Big wick to the upside). On the 6HR TF, Gold is beginning to create a downtrend which will begin the retracement phase for the Daily TF. Hopefully I can find out if there are any fundamental reasons for my analysis.
Gold didn't break 2325 yesterday and form a red daily candle. This is a sign of bearish continuation. I will only short today. Expecting from 2325 zone and targeting 2300.
We had busy day on gold 4 position opened with 2 tp and 2 sl Totally we made almost 140 pips profit on just one golden area 😍 Keep your money management on And enjoy your profit❤️
Do not miss this trade to get in to gold profits watch the price at these targets
It is expected that after some fluctuation in the current support range, the continuation of the downward trend will form and advance to the next support range. If the price crosses the 50% level, there is a possibility of starting an upward trend
@All Hello new week anyone. Wishing anyone a brand new week complete of energy. Good fitness and worthwhile trading ❤️❤️ @All GOLD this morning There turned into a pretty sturdy decline. This weekend there may be Nonfarm news. Currently, the Gold fee I see is extra at the Sell side. If every person watched the Zoom consultation the opposite day, I shared...
XAUUSD price failed to break last higher high created at level 2331 and created Lower high structure and after creating LH structure, price broke my HL creating CHoCH and created new structure LL now we must wait for price to give us LH to confirm our short entries
Weekly Analysis: Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First...
Short term: Bullish, anticipating a breakout pullback on higher timeframe for price to continue its sell. Refer to charts and my previous video ideas
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms the initiation of pullback needed by all HTF's. Following the bearish iBOS we now expect price to pullback. As per yesterday's intraday expectation, we were seeing a reaction to a H4 flip zone. Price continued to trade to the upside wicking out of the...
Today we're looking at shorting gold, why? Well we spotted two deep liquidity areas, noticed the overall order books where indicating a strong sell and did the opposite of what the news said. However, we still are speculating so keep the risk small and the reward large. Happy profit.
Hey guys, I had change my buy position to a liquidity area from the nearest low of H1 support level. Lets monitor and see how it plays out
Hey everyone this is Nathima, GOLD IS IN CLEAR RANGE FROM 2320 TO 2334 please check out the update on gold for now there are two scenarios let discuss the first one Scenario 1: gold is in range if price breaks above the range which is 2334, close m30 candle above it and the next m30 candle should first wick down and started to sweep the high of the previous...
As of now, gold is trading at 2329, with a notable resistance level observed at 2335. Should gold breach this resistance, traders may consider pursuing the following targets: 2341 to 2355. Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2320, followed...
GOLD TRADING SCENARIO ON April 22, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2358, then Buy Gold immediately. TP hopes to reach 2373, which is further than 2389, but there is a condition that requires at 5:00 p.m. Gold closes above 2375, and vice versa. Gold closes below 2375, then exit Buy and move. Sell direction to 2358. Sell...
Dear Traders, Hope you are doing great, Gold declined from 2417$ mark and dropped significantly 600 pips on first day of the week. This implies that Gold is likely to make major correction before it rebound and continue the bullish trend. For us, we can enter now with accurate risk management and target 2300$ first and then our second target can be at $2280. The...