The_Trendline_Alchemist

The_Trendline_Alchemist

I would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.

The_Trendline_Alchemist

XAUUSD - 50% fibo long opportunity Risk = 2% to 4% Scenario = if the trade is filled and profit sits between 50 and 0, move SL closer to entry to mitigate risk.

The_Trendline_Alchemist

An opportunity to sell short at 50% retracement which also aligns with horizontal resistance. General win rate = 65% R/R = 1/1.5 ~ 1/2

The_Trendline_Alchemist

I closed the previous trade at 0.25% loss. I will sell gold if it pulls back to 1826. Risk = 1% RRR = 1.75

The_Trendline_Alchemist

Today I will look to buy gold if it pulls back to support purple zone. Risk = 1% RRR = 1.5 to 1.8

The_Trendline_Alchemist

SPX500 is very bearish. I will look to take a sell position if the market pulls back to the purple resistance zone for a better price. Risk = 1.25% RRR = 1.5 to 1.8

The_Trendline_Alchemist

The chart is very bearish and to conform with the current momentum, I will try to sell XAUEUR if it pulls back to the purple resistance and ride it down to support trend line. Risk = 1.2% RRR = 1.5 to 1.6

The_Trendline_Alchemist

I will continue to sell GOLD today to conform with its current trend down to the white line support level. Risk = 1.3% RRR = 1.5 to 1.8

The_Trendline_Alchemist

Gold has made a massively bearish movement and the trade idea conforms with the current trend. We will look for opportunity to ride the wave at the pull back. Risk = 1% RRR = 1.5 to 1.75 Any comment is welcome.

The_Trendline_Alchemist

Gold is continue to trend downwards after the massive and fundamental spike last friday when US CPI came out. 20 EMA has crossed below 50 EMA and that gives the trade more validity. Risk = 1.5% RRR = 1.5 to 1.8 My W/L ratio is 60% to 70% so please don't expect every trade to win. May the gold god be with you.

The_Trendline_Alchemist

Please patiently wait for market to break below 1868 which is the neck of the double top. Once it breaks below 1868 then we know the market wants to continue to go down after a massive spike due to the news on Friday. The good entry will be the pull back to 1868 then ride it down to around 1855 to 1859.