Phenol_fx

XAUUSD(15-19/04): New Week trading plan

Short
Phenol_fx Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

  • 🌐XAUUSD PLAN - WEEKLY FORECAST

Most of the price drop of nearly 100% was due to profit taking when the price reached the psychological level of 2430$, almost completing the 3rd Elliot wave and preparing for a correction, the drop to 2303$ -2252$ saw Sharks buy new. at a relatively cheap price.

From Saturday to Sunday, the next armed conflict between Iran and Israel is developing, which in general could have quite a strong influence on commodity prices and futures.

On H1, the price is falling to trend support and is testing the liquidity zone of $2330 and at worst $2252.

In all likelihood, the market may open with a gap on Monday amid the crisis in the Middle East.

The area below $2328 is likely to remain defended and play an important role in price formation.

🟢Watch to BUY at 2321 - 2319 and 2252 - 2250 when the market shows signs to enter an order. (Breakout Points 2328, 2303)

🔴 Pay attention to SELL scores 2382 - 2384 and 2428 - 2430 (Important area 2400)

Resistance: 2383 - 2400 - 2428
Support: 2328 - 2319 - 2303 - 2252

Scalping strategies will be applied when the resistance - support areas above have entry signals.

Note: Full TP and SL to be safe and win the market‼️
Trade active:
🔔Trading plan for April 15

📉 SELL XAUUSD zone 2406 - 2408. STOPLOSS 2411
📈 BUY XAUUSD zone 2360 - 2358. STOPLOSS 2355

➡️Resistance : 2400 -2408- 2428
➡️Support : 2365 - 2358 - 2345 - 2330

Scalping strategies will be applied when the resistance - support areas above have entry signals and there will be specific signals.

Note: Full TP and SL to be safe and win the market‼️ Your money, please protect it with me❤️❤️

Everything went as I predicted
Trade active:
🔔Trading plan for April 17

📉 SELL XAUUSD zone 2429 - 2431. STOPLOSS 2434
📉 SELL XAUUSD zone 2405 - 2407. STOPLOSS 2410
📈 BUY XAUUSD zone 2355 - 2353. STOPLOSS 2350
📈 BUY XAUUSD zone 2361 - 2359. STOPLOSS 2355

➡️Resistance : 2400 -2405 - 2421 - 2428
➡️Support : 2370 - 2365 - 2355 - 2345 - 2330

Scalping strategies will be applied when the resistance - support areas above have entry signals and there will be specific signals.

Note: Full TP and SL to be safe and win the market‼️ Your money, please protect it with me❤️❤️
Comment:
🔔Trading plan for April 18

📉 SELL XAUUSD zone 2384 - 2386. STOPLOSS 2390
📉 SELL XAUUSD zone 2420 - 2422. STOPLOSS 2426
📈 BUY XAUUSD zone 2328 - 2326. STOPLOSS 2322


➡️Resistance : 2385 -2395- 2405 - 2421 - 2428
➡️Support : 2365 - 2345 - 2328 - 2303

Scalping strategies will be applied when the resistance - support areas above have entry signals and there will be specific signals .

Note: Full TP and SL to be safe and win the market‼️ Your money, please protect it with me❤️❤️

Forex Market Observer

t.me/Forexmarketobserver
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