so what we see here 1. in 4H price has reached the 50% of fIBO and the trend line support area 2. we have a divergence in RSI in 4H timeframe 3. the price is loosing its momentum 4. in 5M timeframe the uptrend has ended TP1 1816.07 what's your thoughts on this?
Hey Traders, here again we have the same scenario after the huge drop of 300 pips from my sell zone, the market came back with the same opportunity. in today's trading session we are monitoring XAUUSD for a selling opportunity around 1819 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1802 zone respecting the bearish trend in combination with the daily strong supply zone. Taking in consideration also the bullish bias i have on USD after Fed Hawkishness and you already know the negative correlation between USD and Gold. As usual once we will receive...
Hey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1805 zone, once we will receive any bearish confirmation the trade will be executed. Remember to use a smaller lot on XAUUSD comparing to the one you use on other forex pairs. because gold movements are more violent, and it's easy for gold to marginate your account in case...
Hey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1785 zone, once we will receive any bearish confirmation the trade will be executed. above is an update about our gold trade, we were long today from 1771 zone and we took profits around 1784. so now we might consider banking profits on gold at the rally and the drop.
Gold could possibly reprice down to an OB on the daily and weekly time frame so I’m strong bearish on gold. Price has slice previous bullish OB and this time it went through with heavy news at 8:00.
We continue with the continuation of gold for sale. now we could see a confirmation of this movement when doing the pulback in the resistance of the 1700. We hope that the first important objective is close to 1600.
DUST looks ready to fly. Wouldn't be surprised if there is a small, short-term pull back, but I also wouldn't be surprised if DUST just starts shooting straight up. All depends on how quickly GOLD falls to 1220.
Rising flag with bearish divergence on H4, wait for the short entries.