The price has rejected the high end of its range, which has been consistent over the past few weeks. After the breakout, there has been no proper retest. We are considering taking a bearish approach to finish off the move, but keep in mind this makes scalping a bit risky since it could potentially retest the breakout. It's important to manage the trade properly,...
Here I am using the wickfill theory. Price has rejected to push lower than 2020.66 from the previous day and we had price retest today. from here price could potentially give us a wickfill and even push higher.
Gold scalp trade for price to potential retest the low it created the previous week. Price rejected 2030.12 the previous week, retested today and successfully rejected again. From here we should see price give us a bearish impulse hence fulfilling our trade.
Hello friends,
I have previously announced the long-term analysis of the global gold market in higher time frames. I recommend that if you haven't seen that chart, be sure to take a look.
However, in this time frame, we can take short-term trading opportunities with a scalping approach and risk for logical rewards. I have identified two positions for you.
It is...
XAUUSD - Gold Short Term Analysis
1st Short Entry
Entry Point: 1962
target: 1946
2nd Short Entry
Entry Point: 1947
target: 1938
SL: 1952
Long Entry
Buy Entry: 1938
Target: 1974
SL: 1931
Manage your risk according to your account size
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A range bound today today gold gang! .. Heres how i avoided getting beat.
I was only waiting for buys above my level with a clear closure .. when i say clear i mean around 30 pips. Then i wait for the pull back or retest, and execute on the break of the candle. Simples.
If i don't get these things, then i simply do not trade.
Im still expecting the slight...
Hi Team,
Please see linked post to see my big GOLD trade set up - it is running beautifully and is just a few pips from TP.
If you missed out, we have a lovely scalp opportunity just now.
Prices is descending, respecting 1H EMA and giving us clear price invalidation. Look for rejection from EMA and ride the sell down to at least our initial TP (1:10 ratio)...
Hi team
Quick and easy today.
Looking for correction back to at least first Fib level (TP1)
Advise BE your trade as soon as possible given it is counter to current Bearish flow.
RR 12:1
Good luck, trade safe!
DrBear
Quick buy scalp
M5 chart Moving averages crossed over.
We have a double bottom on todays daily low prjce maybe tested one more time.
Currently expecting a buy
So lets see what happens.
Ps price when I was maki g the chart was just under 1810 and now it is close to the first tp...
Thougbt? Drop a comment
Thanks for viewing.
As we can see, price fell this past week because of an order block (which was signaled by the manipulation that occurred at around 1830). Price then brokedown and came back to retest the Order block zone, giving us confirmation and an opportunity to open a position. An order block has been formed again on the M15 and I'll be waiting for price to retest the Order...
I am not expecting a big move from gold just yet however for now we might have price push higher for the retest before it can push lower to continue with the big consolidation between 1794.26 and 1761.80 on the h4 or price could continue going higher as a level has been created at 1772.50 which it has tested a couple of time times so we might see price ranging for...
So everyone, The upward monetum has slowed and this is just a quick scalp idea before another big upside
I have entered a short already near to the daily high, very tight stop which is now a secure trade to close in a small profit.
If my TP hits the close of the next candle would give me another idea to determine the direction but according to my previous chart i...
Wait for cross of emas on 15m or 5m depending on your hold time.
Wait for candle to be above the emas for bullish, below the emas for bearish. Watch resistance zones, for added confluence wait for a closed candle above resistance.
Remember 5% risk management, putting trade into break even and securing partials.
