I anticipate a short position until the order Block at 113.53 . A confirmation at this zone will show the next movement ,; //USDindex
Gold is targeting the Order block on 4 hour at 1733,88. Recent massive weakness of Usdollar index has caused indecision on gold price going against latest Bearish sentiment . For short term trading , consider entry at the break and retest of next support level of 1748 with a target of up to 100 pips (1738)
The price is still struggling to trade above 1806 which shows that the Bears are still in control . We have to see price break 1782.22 for the market to continue until 1760 . Currently waiting for confirmation and how the market will open and respond to my Setup //// Waiting for trade update
Major support on the Daily Time Frame ! 4hour current setup shows a bullish momentum for a reversal . First target is 1.17380 , and i expect price to reach the order block that is at at 1.17729 which is the overall target for this buy setup. Midweek reversal could also be an impact to complete this move
Gold is approaching Daily and H4 Order block . I will be waiting for confirmation to sell at around 1790 . If price breaks above my next resistance , and invalidate H4 OB the setup will be invalid
Daily Time Frame is showing massive Bullish momentum . I am targeting 100+ pips to the upside within my zone. Furthermore , the doji on the Previous Daily candle confirms my buy setup .
4 Hour Timeframe shows a strong breakout and Retest to the downside . First target will be 1782 . When we break through that low i see the market going to 1766. This could be a heavy sell so after this move completes i will be looking at an overall long term buy opportunity.
* Gold overall trend is Bullish . NB-Possible retracement for Good buy position is around 1807 area with a target of up to 1831 which is the next highs. _intraday or swing FX:USDOLLAR Gold has to break zone 1833 to form a break out and retest . If a break out is formed at the stated area , further Long (buys) to 1897 area even beyond.
Australian dollar is currently bearish -4hour OB confirmation for short position -Take note of levels and market structure -AUDUSD has less pips for risk and reward , and less volume
-Main Reason for buy setup is break and retest that can be clearly seen on the Hourly Timeframe -My entry level will be above 1795 with a minimum target of 70 pips and overall 200+ -Tight stoploss should be placed around 1790 price -Price below 1774 will indicate weakness of Gold and possible sell off
-Daily Time Frame showing massive Short positions -100 pips drop target and wait for break and retest if there is a possibly continuation -Take note of levels marked ; position stops and practise risk management
-Gold overall bullish trend -Take note of 1 hour break out and retest to 4hour OB -Looking for 100+pips to the upside -Use risk management and scaling always
*Pay attention to 1 hour time-frame . -Break and retest -Eurusd respect support and resistance -Technical analysis