Gold did not reach the liquidity zone yesterday, and a major player very competently separated traders with a strong upward impulse, and in fact we saw a shake-up relative to the local top of 1822.
Since on the chart the liquidity zone behind the support is lagging behind open and relevant at the moment, I still continue to wait for the price to test the...
Gold is making lower lows and lower highs.
It is most likely going to test at a support level of 1800.
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The price exits the ascending channel and goes to next support level.My goal is 1790.
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GOLD is trading in a way
That suggest the players are somewhat bearish biased
And I think that IF we see a bearish breakout of the local support
Then the price will go down towards the strong level below
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✅GOLD is trading in a falling channel and is set to retest a
Strong support level below
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above
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End of day update from us here at KOG:
We managed to get the short levels as we anticipated except for that 1790 level which remains. For now, we would suggest caution as its the last day of the month, the first day of a new month tomorrow as well as the weekly close. A lot going on and as you can see there is a lot of position covering taking place! The plan...
4H TA : As you can see, the price penetrated below the $1805 level with a lot of power to gather liquidity, and by filling the liquidity pool below this support area , it was accompanied by strong demand and has experienced more than 200 pips of growth until now.
3H TA :
Follow us for more analysis & Feel free to ask any questions you have, we are here to...
We planned, we followed and we executed!!!
We waited patiently for the drop identified with the previous days Goldturn low being broken. Price tested the swing range and we placed our trade confirmed with our signal at 1805 for the ride up for 50 pips and trailing stop.
We took a perfect exit using our intraday levels and then we saw price drop...
⚠️Fibonacci levels are one of the most popular tools for analysis. These are price levels that are located in certain parts of the movement corresponding to the mathematical Fibonacci numbers.
✅What are Fibonacci numbers?
🟢In the XIII century, the famous scientist Leonardo of Pisa lived in the Republic of Pisa – the first major medieval mathematician in...
Pair Name : Gold
Time Frame : 1 & 4 Hour's
Analysis Type : Mid Term Trade
➡️ Main Support Level : 1780
➡️ Main Resistance Level : 1910
➡️ Time To Entry : 1812 - 1810
➡️ Target : 1780 - 1760
BEFORE OPENING YOUR TRADE:
- Remember risk management 1-3% of your capital
- Take profit of your position partially
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Waiting for a candle close and execute your plan.
- DON’T FOLLOW BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE YOUR DECISION!
As you can see, the price penetrated below the $1805 level with a lot of power to gather liquidity, and by filling the liquidity pool below this support area, it was accompanied by strong demand and has experienced more than 200 pips of growth until now.
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.