Overview:
Gold prices are currently navigating within a consideration area, prompting a closer examination of market dynamics.
Bias and Short-Term Trend:
The personal bias suggests a continuation of the short-term downtrend, primarily observed through the current price movement.
Factors Influencing Bias:
The analysis indicates that the primary factor capable of...
Overview:
Gold prices are currently following a short-term downtrend, indicating a potential selling opportunity.
Strategy:
The focus is on seeking selling opportunities within the H1-15M timeframe zones. A strategic approach involves waiting for confirmation on the 15M-1M timeframes. Considering the market conditions, it is recommended to implement a scalping...
Overview:
Gold has broken out of the considering box and resistance at 2032, reaching a significant resistance level before retracing to the previous level.
Current Price Movement:
The price is now trading above the MA 200 on the H1 chart, suggesting a potential shift in market dynamics.
Strategy:
Considering the breakout and upward movement above MA 200, there...
Overview:
As of January 25, 2024, Gold maintains its position below the 200MA on the H1 timeframe and has recently broken the previous swing low. This suggests a continued short-term downtrend, aligning with the perspective from the last analysis.
Trade Engagement:
Following the analysis, two trades were initiated at 2035 on January 19, 2024, and additional...
Overview:
Building on the previous analysis, Gold remains below the 200MA H1, affirming the short-term downtrend. A notable development occurred on Jan 19, 2024, at 20:30, with an M15 candle closing in an engulfing pattern, confirming our selling strategy.
Execution:
The order was initiated within the selling area based on the engulfing confirmation. Monitor the...
Overview:
Gold's continued position below MA200 H1 suggests a short-term downtrend, creating a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones for entry. Apply a stick stop-loss above $2047/oz initially, adjusting it to above $2032 if OB zone confirmation suggests...
Overview:
Gold remains below MA200 H1, indicating a short-term downtrend and presenting a potential selling opportunity.
Setup:
Look for confirmation signals in Overbought (OB) and Failure to Violate Gravity (FVG) zones before considering entry. Apply a stick stop-loss above $2047/oz initially, adjusting it to above $2032 if OB zone confirmation suggests...
Overview:
Gold has recently broken below the MA200 on the 1-hour chart, signaling a potential selling opportunity. Traders are advised to exercise caution and wait for confirmation signals within specific zones before entering the market.
Entry Strategy:
Implement a patient entry strategy, focusing on confirmation signals within identified zones to optimize sell...
