Hello Everyone. I want share my idea about gold price action which will be signal for next week.
I know market is closing but i love look at market when its quiet and we had all strong and real moves.
I add some indicator which show me price momentum, today in Asia session started with long which actually tested strong daily resistance (which was broke but seller were strong and they dropped price) after end of Asia session, London session started with short but it was not aggressive move and stopped to Asia demand zone where new your session made liquidity test this area second time, showed reversal movement and RSI momentum indicator agreed that and this everything happened in Fibonacci High volume area.
This all information gave me confirmation of short signal which is perfect for day traders. i think it will retest 1913 daily support area and catch this retest, then i will wait price action.
Here is my setup for this signal.
Open position - 1925.
Stop loss - 1932.
Take Profit - 1913.
Manage your risk!!! Good luck!!!
I know market is closing but i love look at market when its quiet and we had all strong and real moves.
I add some indicator which show me price momentum, today in Asia session started with long which actually tested strong daily resistance (which was broke but seller were strong and they dropped price) after end of Asia session, London session started with short but it was not aggressive move and stopped to Asia demand zone where new your session made liquidity test this area second time, showed reversal movement and RSI momentum indicator agreed that and this everything happened in Fibonacci High volume area.
This all information gave me confirmation of short signal which is perfect for day traders. i think it will retest 1913 daily support area and catch this retest, then i will wait price action.
Here is my setup for this signal.
Open position - 1925.
Stop loss - 1932.
Take Profit - 1913.
Manage your risk!!! Good luck!!!
Comment:
This week started perfect!!
Trade closed: target reached:
Today gold was perfect!!!
