Price drop back to test the 2h-4h time frame trendline and also supported by 2h EMA channel, on 2h TF, the candle shows an engulfing pattern, an S/D area is tested on 2h-4h TF, placed the long order at 1.24629
TP1: 1.2620, TP2:1.2820
Price is confirming the trendline, if it cant be broke up in 2 hours, we can short gold for around 2-4 weeks, this could be a better chance than the last one. Price also retest the S/D zone on 4h chart. Let us wait for the hourly candle close.
I closed the last post about gold short opportunity. But it is back, Check the 3 trendlines, gold may form a sideway among them, then break down to drop, personally, I will wait for the price retest 1723, then resist by the downside trendline, if do so, get in the trade when price breakout. I will update later when the opportunity is coming.
Come along with gold, the Silver is another underlying asset to short. The trendline is not so perfect, but if 1h candle closes below the up trendline, it will be a good chance to have a try.
I prefer to put SL at 15.75, and TP is 14.31 at least, even lower to reach 13.33
We got a very interesting situation with gold, the price made a new 7 years high, however, the volume did not follow, also the difference between future and gold spot is around $30. The gold may reach 1900 even higher, but before that, I think it needs to have a deep retracement, at least to reach 1500 first. I dont know if it will come to true, but I am waiting...
Price confirmed the trendline, and back to test the 1h S/D point, entry the short position at 134.56
TP1: 134, TP2: 133
The position may manually be closed if the price doesn't go down smooth
After OPEC+ sign the agreement, we can long WTI for a swing trade due to the price confirmed the trendline, also retraced to test the S/D points at 22.3.
I placed my order at 24.33
TP1: 29.5, TP2: 33
The gold has shown a wedge/triangle pattern, and also the price is confirming the structural line on the top, price also reached the S/D point on D chart.
As long as the price close under the line on 2h chart, any price can be a good entry to short it, and it has a great RR ratio.
TP: 1660 first, but I don't think 1660 can stop the gold drop, I prefer a...
It has been a long time I did not post anything, but I short on DXY last year, and long it on the first 6 months this year, but now I am going to turn over to short again, just see the chart
MACD has showed the bearish deviation on D chart, also the trend line has been broken on 4H chart.
Short it until the D chart shows the bullish deviation on D chart.
It has been a long time did not update any analysis, due to the peak divergence of MACD on weekly chart, the next move is the bottom MACD divergence on daily chart.
Entry the trade when price break down the 40 EAM on 15M chart, the exit time is when bottom divergence of MACD appears on 1H chart.