So atm the only position that i have open is a sell order at 1771 sl is at break even
(For the new traders out there please make sure you just dont jump into random trades because you are following someones analysis make sure you just use it as a double confirmation if you are not sure because when i first started a couple years ago i would do the same and would lose a lot of money)
Im not sure what its going to but this is what im thinking
If Gold opens up and starts dropping then I will be watching to catch a reversal to the upside at 1766.119 but if it does drop even more it'll go to 1761.623
Bullish Entry
- 1761.623 entry would be a pretty aggressive entry but if it does drop that low and the hourly candle can close above it I'll be going in small and will go heavy when it closes back above 1761.623 but I will also be keep my eyes on 1776.394 - 1777.709 as a pretty hard resistance but it should break because it'll be above the emas
Short Entry
- If gold does open up and runs I will be looking to add some more sell orders in around 1776 and my sl will be 1778 but will also be watching the bounce zones of the 10% which are 1766.119 and 1761.623 but a safer short entry would be either 1776 or 1761.623
If it gets rejected at 1776 we can be forming a head and shoulders but also this could be counted as a double bottom on the 30 min
That is all i have for now will keep you guys updated I'm still more bearish then bullish atm unless it gets above 1772
There is also a 2 day bearish engulfing candle
im using the hourly close as my confirmation has to sit above or below the price target that im getting into
Feel free to ask me any questions and i am curious are you more bullish or bearish atm
(For the new traders out there please make sure you just dont jump into random trades because you are following someones analysis make sure you just use it as a double confirmation if you are not sure because when i first started a couple years ago i would do the same and would lose a lot of money)
Im not sure what its going to but this is what im thinking
If Gold opens up and starts dropping then I will be watching to catch a reversal to the upside at 1766.119 but if it does drop even more it'll go to 1761.623
Bullish Entry
- 1761.623 entry would be a pretty aggressive entry but if it does drop that low and the hourly candle can close above it I'll be going in small and will go heavy when it closes back above 1761.623 but I will also be keep my eyes on 1776.394 - 1777.709 as a pretty hard resistance but it should break because it'll be above the emas
Short Entry
- If gold does open up and runs I will be looking to add some more sell orders in around 1776 and my sl will be 1778 but will also be watching the bounce zones of the 10% which are 1766.119 and 1761.623 but a safer short entry would be either 1776 or 1761.623
If it gets rejected at 1776 we can be forming a head and shoulders but also this could be counted as a double bottom on the 30 min
That is all i have for now will keep you guys updated I'm still more bearish then bullish atm unless it gets above 1772
There is also a 2 day bearish engulfing candle
im using the hourly close as my confirmation has to sit above or below the price target that im getting into
Feel free to ask me any questions and i am curious are you more bullish or bearish atm
Comment:
We should be getting a nice move just dont know when
Comment:
got in small will add at 76 n 78 sl 1781
Comment:
took the buy to the up side now im out
looking for a sell entry at 1782 when the 30 min closes under the 10%
looking for a sell entry at 1782 when the 30 min closes under the 10%
Comment:
not in didnt close under the 10% waiting for hourly now
