Gold has finally broken out of its resistance and buyers are now much In control of the market. on Monday 01/01/2023 I’ll wait for a retracement to 1813.910 which is my point of interest for buy to execute trades , I’ll set a buy limit order at 1813.910 Stop loss at 1814.985 Take profit at 1833.44
In New York session we’ve e just seen price made a double top, break and retest to point of break and it’s ready to sell down to 141.523
Gold price for long now has been moving in a channel and the previous day candle closed at the area of resistance, I expect a bullish move to 1821.380 being my take profit level
After eurjpy plumpet to 140.595 due to jpy inflation rate news, eur has been ranging for days now and finally break resistance in lower tf ready to make a bullish move which I’ll gain entry by 9:30gmt
Price is seen moving in a rising triangle channel and is due to retrace to price 1797.750, I look forward to seeing more confirmation in my entry tf 30min before I can take the trade
USDCAD has completed retracement and bulls are ready to take control of the market with my RR going for 1:1 (200pip Risk for 200pip reward
We see as price approaches to previous week high and being on consolidation stage which gives a clue it’d continue with bullish move , In higher timeframe like weekly and daily, the market is bullish , so I expect the PPI news coming up in New York session to favour bulls In the market
Price is at resistance zone and also brought a bearish engulfing candle to confirm sell, I’ll be selling GOLD during NFP
Gold has broken its resistance and will trade between price 1750-1765 Market will favour the bulls more this week, look for more of buy opportunities as the market is already on markup stage. Trade wisely!!
Price tested the OB and is ready to take a bullish move...I’m waiting for a confirmation in Lower tf like CHOCH or BOS to take a buy position
Price has broken the neckline of its previous support and will push down more in retracement before the buy continues
Gold price is currently at area of broken resistance which now turn the support, price has reacted at the zone, I’m taking a sell opportunity
In M15 Price has broken out of the ascending channel, I’ll be a short sell to price 1754.35, using sell limit order at 1765
As price approaches it’s Key level , there’ll be possible reversal around price 1.04000 let’s keep a close watch and see how it goes, comment your view below
Price was seen moving on ascending channel , it’s likely to breakout of The channel to test the higher timeframe key level. According to my analysis I expect a bullish continuation
Gold has been on a strong momentum buy from the start of this week, price is currently ranging at area of resistance 1765 and will possibly break the resistance , take a close watch at that zone to know the next move
Price has broken its trendline and is yet to retrace to its point of break, I expect price to pullback to the point of break