As tensions around the world heat up so does the gold buys... if you traded gold during the trump presidency you know how wild it can be to day trade lol. As we see huge upside expect for some sharp sell offs, that's where ill be looking at adding positions for a lot more upside!
Price has been respecting that support of 1.13000 very nicely so I've taken another long from there, I'm holding my trade a risk free at the moment as price on the higher time frame does look very weak, so this upside move we are seeing now may just be the retracement before then going lower.
Not seeing any obvious areas apart from that major resistance and major support that i pointed out. So ill look at taking positions from those areas if price can show the right signs, for now ill be sitting on my hands and waiting with this pair unless we start to shape some obvious intraday setups.
Looking at catching the larger move with the trend, so I have a few areas I will look for buys from. Once price comes into these areas ill be reading price action on the lower time frames and looking for the best entry points.
Sorry I kept it short as it wouldn't unload previously, but what I'm looking for is rejection from around that new supportive area of 1.13800 for a continuation move to the upside. Obviously you want to wait for confirmation once price reaches that area before looking at taking a trade but what I've got highlighted is pretty much what I'm looking for.
Price is now starting to show signs that its ready for take-off, ill be looking at jumping on buy trades from the retracement of this upside trend, then we can hopefully get a rally out of this consolidation zone.
The title pretty much says it all, I'm looking for further rejection off 1790 for a move back to 1820. If price doesn't support the currently level we will see price most like back down at 1764.
Still holding that long bias after another bit of a slow week last week, price like I expected pushed back into consolidation zone and made another rejection towards the end of the week. I want to see price clear the resistance area of 1.13500 and form a more obvious trend, but again early in the week ill be looking for a retracement from Fridays impulsive move up...
We be watching to see how price reacts to the area of 1788, if we see rejection from here I will add more long positions.
If you missed the little push up last night don't stress, price has been slow and looking like it may fail this minor resistance for a push back down to support or atlest make a small retracement before moving higher.
Looking for price to continue with the overall trend, with another rejection off 1.28 I will be jumping on some buy trades to hopefully make it all the way up to 1.3.
Looking at jumping on some buys off that support of 113.500 and pushing back towards 114.200.
Just a couple areas that ill be looking for buys from, so I want to see price break this minor resistance and push to 1800 before looking at entering long term buys. If price can make a break and retest similar to EURUSD it would confirm a nice entry area for those buy trades.
Still looking for an upside move as price is starting to shape nicely. The area of 1.12600 is where I'm looking to see more rejection for confirmation of those buy trades. Hopefully this week we get some momentum and can catch nice buy trades, as always make sure risk is on point and your are sticking to your plan!
Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
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Very similar to EURUSD so very reliant on the US dollar early this week to get into positions, but I'm looking from price to reject 0.73800 again and that's where ill be buying... Stops will be set around last spike down and profit target will be up at 0.75000 resistance.
Looking at jumping on a long trade if we keep rejecting that 114 area because we still are in bullish territory and we may see another upside rally, so huge potential for profit if can produce a nice entry... obviously move those stops to entry level as soon as 10 pips or so in profit.