Despite gold closing bullish for the month of July, Price action indicates bears are still in control and there are opportunities for swing-sells The reason for this is due to the fact that the 1970-1990 levels were rejected in the month, showing strong resistance is still intact and we can anticipate the support created at the 1900 level to be broken for a...
Looking at sells here, Price has rejected the 1970 level perfectly, taking a sell here and moving stops to breakeven once we see 1964 tapped will be the best way to play this trade out. Targets remain 1950 and lower.
Based on price action and the 1h timeframe rejecting the 1960-1962 level as mentioned in the daily breakdown, I am anticipating sells. we have the 4h candle close coming up in 40 minutes so based on how that moves we can expect to react based on that. No news today so we don't need to worry about news impacting price unless it's something not on the financial...
Moving down from the Daily time frame we can see 2 major levels of support with a minor level of support at 1924. I don't believe price will have much of an issue getting through this price, however time will tell. My overall gameplan will be looking for sells if we can close below 1939 with Price Action telling us in the past that 1900 would be the next logical...
Now that FOMC and Unemployment claims for the USD is done, we can see price action a lot more clearly. Things to note Daily broke yesterdays high and flipped bearish Weekly created a weekly high and flipped bearish (did not break the previous weeks high however that isn't a major issue) 4h has closed back into our indecision range Few things can happen...
Looking at the timeframe on a daily basis we can see that we have closed below a key level and into an indecisive range. The reason why indecisive ranges are tricky is down to the fact support/resistance can be anywhere due to the historical price action, there is no clear support/resistance where we can anticipate buys or sells, so treading carefully is the...
Looking at sells on the 1h timeframe - this is within the range we spoke about, however! the reason why sells are now possible is due to the news having passed, and with this new 1h candle we have seen price create a nice steep top wick, where if we can have a 5m closure below 1959.2 price should continue down.
Officially into London session and into the NY Open 4h candle. We are currently just above an indecisive range where unless we get a high amount of volume, it's best to avoid taking trades as it means we can avoid being faked-out and be stuck in a trade that won't hit our TP or SL until we get a push in volume. ideally, we clear this range and once that's done,...
The breakdown of the higher timeframes continue, now onto the 4 hour timeframe. What we can see is whenever price closes below our sell level, price tends to continue down to our target level. White arrow shows our most likely price action path.
Looking at the daily timeframe, we can see after the prior weeks push to the 1980's, price rejected this level many times before and bounced within the range of 1980-1939, this would be the most likely level where we can see price continue to on the daily timeframe should a bearish trajectory continue.
The daily (D) has played out to the downside as I thought it would do if it was to break bearish at 50% of the D fair value gap (FVG) zone that it has been playing around in. Price has not hit the previous month low (PML) yet, but it should do that this upcoming week if price decides to continue bearish. As I predict that it will. If price does not continue...
Looking at sells only if current candle (this hourly as well as 15) can close below the level highlighted.
Looking at potential gold sells here, small risk as its a monday of the final week of the month however we are expecting a move down on gold after the rally seen last friday which was a good end to a very boring week. Risk management important as always.
Hi team, So far my Gold analysis has been on point over 80% of the time. Chart analysis: On the longer weekly time frame, we are back at the bottom of a large consolidating channel, the support of which has not been broken for almost 18 months. We are almost at the end of a descending correcting channel descending to this major support, the 5th wave of...
Looking for sells as price continues down, Low risk for us as we've taken a winning trade already today, so anything else today is just bonus.
Hi Traders, I’ve got my eyes on XAU/USD today for potential shorting opportunities, Price created a double top and proceeded to break the neckline, I’ve drawn a trendline from the outer most points of the uptrend and price has persisted to breaking the trendline. We have one more barrier in the way of a potential clean move to the downside. 1841.250 is the...
We have a bullish break of structure on a 15 minute chart. It came from the Order block we have marked. So, we can sell from there targeting the previous 4H low which will be our take profit. Our previous 4H sell is round the corner. Attempting to sell early just in case it starts dropping from here
WE MAY SEE THESE MOVES HAPPEN EITHER OR BEFORE GOLD CONTINUES TO PUSH UP SOME MORE - 1755 IS THE IDEAL RESISTANCE ZONE WE MAY SEE GOLD TAP INTO BEFORE WE SEE SELLS CONTINUE BACK DOWN 1717/1708 ZONES...