Price closed at 2007 Price action remain bullish
Expected to see price correct near 1980 then continue till 2040
Keep monitoring the geopolitical situation in Middle East ,high tension gold will continue bullish
Also please note that this week on Wednesday FED interest rate decision.
So be careful and restrict with with risk plan
Please leave your opinion...
I'm interested in a tight Order Block entry seen on the 1 minute time frame. I like how it swept out previous liquidity and started towards the upside. The stop would be safest below the Fair Value Gap that the point of interest dipped into towards the left. And I would target the equal highs above.
Here The Price Has Taken The Sell Side Liquidity Out And Made A MSS By Broken An Intermediate Term High, We Wanna See the Price Dropping On Monday Below Friday's Low As A Manipulation That's The Best Aear To Enter Longs Then The Price Will Look For Higher Prices.
hey traders a am looking at gold and i am seeing a possible rally until it reaches the supply zone then from there i can execute sell properly. but for now i am the gold migh continue retestin on this sideway trend on its owaer timeframe and do short sells and buys. how about your trades?
xaausd by long time i think it will rise from 1930 to reach 2300 by long time if does not happen it will fall down to 1800-1820 then it will be very strong support then it will rise to 2300 ..
Price: Is making a higher minimum after rejecting Resistance
RSI: just rejected the trend line .. higher low follows price still (on a weekly basis)
In 4 hours, the RSI is making a double bottom
12% - 15% profit / risk : 3%
Patterns always repeat. Gold looks to be back on its bull run. could shoot upward to 1800-2000s with currency uncertainty. Look for a 1600 or a 1580 pullback.
There is no perfect trading strategy or system, but I work regularly on improving the strategies known to me by analyzing frequently and by constantly following up on a pair. For this I urge you to interact and to follow my posts.
Found broadening wedges pattern in TF-h4. However, I'm not sure if it is descending broadening wedges. Firstly, I thought it was a flag pattern, but the chart got wider and already broke the resistance line.
I'm not telling this if it is gonna bullish or bearish because this can be a false break if it continues falling or bearish if he follows my prediction draw lines.
A potential move for gold using Fibonacci retracement. I expect it to pass the 1725 resistance below and retrace to the 0.236 level before continuing to push up to the resistance levels above.
TP1 = 1735
TP2 = 1750
Please let me know your thoughts!
Currently Gold has created a trend reversal pattern which is a signal for a new trend. I will wait for the break out of the channel , retest then I will enter my buy orders. Let me know what you think in the comments below.
