Bullish indications:
Moring star candle formation in day time frame.
Moving average 20 respected.
Resistance broken at 2337
Inverted head and shoulder pattern in day time frame.
Bullish engulfer candle while break out .
Bearish indications:
Bearish divergence.
LLLH
Trade plan bias long @ 2327
SL:2311
TP1:2339
TP2:2350
Hello traders. Taking a look atthe 4 hour chart and my previous marked analysis, I waited to get out of my no trade zone. I took a Buy entry at 2338.62.. My SL is 2329 and my take profit is 2350 area. Let's see how it plays out. I am a few pips in profit as of this writing.. Saying that, if we dip down some more, I will close the trade with a few pips and get...
Hello everyone
I do not know how many times I have mentioned What I want to say now but I repeat it again and again because I can see this problem even in the analysis of the most pronoun and famous chartists and technicians.
My friends, candle stick charts are really good and I use it every day but because of shadows (Wick) lines, they can make it confusing and...
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Hey guys, I closed my short position and I'm looking to sell again in the plotted areas.
to be honest its really hard to tell whether the uptrend is over but for now we have seen weakness from the buyers and seems the market has transitioned into some type of range.
so if we assume that the market is in a range buyers are holding their longs to get to 2360-2370...
No problem, not too far with stop hunt in 1h timeframe.
Buy! 1R lost is very normal, we have more knowledge, good!
...Don't move too fast, just take it slow...Let's get it started in here...
P/s: This is a Buy stop order!
Dear Traders,
i except price will back to 2400 Area shortly,
Gold will be reverse from specified area in chart to 2400-2430!
What you think about my idea?
dont forget like&Comment please !
Regards,
Alireza!
hi there !
i using tf H1
i think the price already break the trendline support
so, in basic technical / what i learn. (it will be retest and continue bearish)
what do you think guys?
disclaimer
this is not a signal
be smart !
World gold costs generally tend to lower with spot gold down 2.four USD in comparison to remaining week`s final stage to 2,388.eight USD/ounce.
The international gold marketplace remaining week fluctuated in line with a acquainted pattern. Gold costs constantly touched new highs way to being boosted with the aid of using refuge call for because of fears of...
If wave B of the 4th wave is completed in xauusd, I expect to see a sharp sell -off in wave C. However, the general uptrend will continue for a while and will experience new highs.
Taking a look at the 4hr timeframe, price action is now testing the ascending trendline. My suggestion here is to close the shorts and wait breakout confirmation with a candle closing below this rising support.
That's it - That's all
Trade Safe
