Reasons to buy GOLD
1. Price has gotten rejected twice at 1886
2. Yesterday's candle closed as a bullish engulfing candle on a demand level
3. DXY(USD Index) is showing weakness with a bearish reversal signal
I am looking forward to seeing GOLD at 1920 before the week runs out with the help of the USD News coming up this week
Invalidation
If price closes below the 1886 level, this analysis becomes invalid.
P.S. This is a long term setup, a 1000pip reward.
Keep looking out for buying opportunities for the rest of the week, and regular updates will follow. Risk Management is advised
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
1. Price has gotten rejected twice at 1886
2. Yesterday's candle closed as a bullish engulfing candle on a demand level
3. DXY(USD Index) is showing weakness with a bearish reversal signal
I am looking forward to seeing GOLD at 1920 before the week runs out with the help of the USD News coming up this week
Invalidation
If price closes below the 1886 level, this analysis becomes invalid.
P.S. This is a long term setup, a 1000pip reward.
Keep looking out for buying opportunities for the rest of the week, and regular updates will follow. Risk Management is advised
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Comment:
Wait for the Pullback...Patience !!!
Comment:
A bearish engulfing candle on a supply zone 😍. Intra-day selling of GOLD down to the recent low 1894
Comment:
What a nice drop 🩸 on GOLD💲💰💰💰💰. Price making its way to 1894
Trade closed: target reached:
Target smashed...Follow me for more updates
Trade active:
GOLD buy is now active
Comment:
Price was completed a Market structure shift @ 1904 and went back to retest the 1890 region but it was rejected VERY FAST and SHARP which signifies strong bullish momentum.
The ultimate goal is 1982 but immediate target is riding this trend up to my first TP @ 1911 region, and see if GOLD gets pushed further down.
If you are not yet in the trade, I would advise looking for buying opportunities above 1890. RISK MANAGEMENT is advised.
INVALIDATION
This analysis gets invalidated if Price closes below 1885
Updates would be posted as Price 📈 prints more candles 🕯, so follow me to get updated 👍🏼 !!!
Price was completed a Market structure shift @ 1904 and went back to retest the 1890 region but it was rejected VERY FAST and SHARP which signifies strong bullish momentum.
The ultimate goal is 1982 but immediate target is riding this trend up to my first TP @ 1911 region, and see if GOLD gets pushed further down.
If you are not yet in the trade, I would advise looking for buying opportunities above 1890. RISK MANAGEMENT is advised.
INVALIDATION
This analysis gets invalidated if Price closes below 1885
Updates would be posted as Price 📈 prints more candles 🕯, so follow me to get updated 👍🏼 !!!
Comment:
