With price currently in a bearish trend on the daily timeframe I am personally looking for buys here. It has been an aggressive sell off so far this week, I am expecting price to go back up and retest the 2050 levels and looking to get a piece of the action on the way up.
Gold is in a monstrously bullish range and we had two different bullish scenarios line up for us last week on this pet following into the week coming we are looking to target the swing high and continue this overall bullish directional move of course being aware that a pullback is probable so we will be looking towards the highlighted lows and the unmitigated POI...
Gold sitting within a unconfirmed bearish range was still looking for a swinglow to be created for this range to be validated overall I am expecting price to shift bullish again as fundamentally gold is bullish and this is the first bearish range within an overall bullish delivery within market. Until we have a break of the swing high though we will continue to...
Gold giving us more bearish price action from last week we had a one bullish range which continued into a bearish order flow which we expected to happen we've now moved lower and we're expecting price to continue bearish into the beginning of this week with a midweek pullback which we will be keeping track of to possibly capitalise on buys overall we are still...
Our final markup for this week with our major pairs is of course gold last week we called the Longs from pretty much the low Of Thursday we had a beautiful expansion across Friday session hitting our targets and exceeding them as it stands we've built a lot of liquidity within both sides of the market we did not establish our swing high meaning that this range has...
Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now...
XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range. firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we...
XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher. Remember to always read order flow and follow what price is showing you instead of...
This past weekend I drew these channels out stating we had tapped a key level of support as well as the bottom of both channels. An anticipation for price to break out, retest it and move towards the upper band/limit of the bigger channel. As it stands, that is exactly how price played out which indicates a bullish swing in price. HOWEVER The current daily...
With the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for...
As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle...
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
With sells still being the primary bias, we can look for sells at 1901 down to a potential 1895 where we may see rejection and price bounce towards the 1920 level. I wouldn't be taking sells during asia session purely down to the fact it's unlikely we have volatility given no news from the US yesterday but anything can happen in these markets.
XU here with another USD correlated setup which of course is showing us a downside bias, but of course we will stay tuned in and see where this really wants to go, overall we are a looking for shorts from to carry on lower into a new range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction....
Depletion of sellers in line with DXY falling, lets see if this minor structure holds for a consolidation breakout
Our favorite playbook setup identified in GOLD with market correlation backing it up. Lets see what happens!
Last setup of the night we can see dollar slowly taking over the market and can try to capitalize using Gold breakout setup
Have identified break and retest setup occurring in gold at the moment that DXY seems to want to rebound. All requirements met for Reversal and B&R playbook setups. Lets find out what happens