ryanweier

ryanweier

My weekend analysis of Gold - XAUUSD It appears that the bullish sentiment is still intact after price has respected the 1900 - 1925 support area. Price is now breaking past the 1935 weekly Support/Resistance area and appears to be having a strong push towards the 1950 - 1965 area. We will see what happens this week but I will be on the lookout for bullish...

ryanweier

Same as my previous post a few moments ago, zoomed in to the M15 timeframe Alot of exhaustion forming at the top of the area where my entry is Let's see what happens :)

ryanweier

XAUUSD SHORT Looks like price is getting ready to continue the downtrend and it's reversing the pullback around the 38.2 - 50% fib levels. AM TARGETING THE PREVIOUS LOW TOUCHED EARLIER THIS WEEK

ryanweier

Price is having a lot of decision in the 1786 to 1810 area. After a big push to the downside 2 weeks ago and a lot of volatility last week related to news and the FED meeting, there was a slight push up but nothing major and a lot of indication of price exhaustion on the daily timeframe. I anticipate one of the following 2 scenarios for this weeks moves: ...

ryanweier

Price is currently at the bottom of a triangle pattern on the weekly timeframe. This is a strong support area and I expect price will rise from here especially considering the current economic news that's coming out of the US regarding inflation, interest rates, etc.

ryanweier

Entered on H1 engulfing at the 38.2 fib level. Momentum indicated a bullish continuation likely. Higher highs and lower lows continued to be formed on lower timeframes. Target was just above the next major area of resistance based on previous structure; -61.8

ryanweier

Bounce off 38.2 continuing bearish movement.

ryanweier

Potential long move

ryanweier

Potential short move

ryanweier

Looks like price may continue up to that next major level of support in pink.

ryanweier

Got back in once I saw the buyer's regained control based on that powerful engulfing candle on the H1 and lower time frames. Rode it up back to previous high, closed out 2 positions, 2 running to next major level of structure.

ryanweier

Looking like an exhaustion area where price will retrace back to the previous level of structure

ryanweier

EURUSD loss

ryanweier

Good buy setup with good RRR