IMaBot_04

IMaBot_04

Gold has been in a pullback ever since it hit new low at 1615, still very bearish in higher time frame. Fundamentally central banks are going to continue to rate hikes and decrease the economic activity. Sells at 1680 or breaks and retest below 1657. Would only buy if we broke and close above 1680 and head to better SELL PRICE POINTS. Trade safe.

IMaBot_04

Gold has made a new low. 1) We can create a new order block range at this new low (consolidation) 2) pullback plays above 1728 headed towards 1742 where, if it breaks, can pullback to 1757 where we had previous order block range lows 3) a clean break and close of 1723 will see continue downside USD has been dominating, no reason to fight it.

IMaBot_04

Last night I was looking for a 50% correction and continued downside. However, within the yellow box shown above, we just had orders accumulated and an impulse break down to 1735 area. We are having a bit of a pullback, but I would still be looking to short gold. We broke 1760 so a retest of that zone is possible, but if gold fails to break 1750 first, id short it...

IMaBot_04 Updated 

Last week, we played the bearish structure all the way back down to the 4 HR lows near 1810, broke below it, retested 1810 for a clean break and retest, and had continued downside. Still in a seller bias, I would be looking for a 50% correction of yesterday's move around 1790 and if it fails to break, more downsides could be expected. We need to remember, gold...

IMaBot_04

Have been playing this bearish structure as per my last few ideas. Finally reached the previous 4 hour low and broke below it easily. End of the week and new quarter starting, safer to trade next week as we wait to see how price reacts at these lows. Safe buys above 1820 so other than that super bearish below 1812.5. Trade Safe.

IMaBot_04 Updated 

Last night gold broke above 1820 and flew to 1830's, as I was bearish, I preferred the sells from 1830 back down to the lows. Gold still seems bearish so SAFE buys only above 1828, if we maintain below 1820 and 1828, big chance we reach 4 hour low before any major shift in trend.

IMaBot_04 Updated 

Gold has been in a steady downtrend with Bullish moves being corrected fully. You can play these short-lived buy bounces but it's risky. We have just broken below 1820 and melted to 1812.5 a key level, close to the fed rate decision price. Fail to break above 1820 and we could see more downside specifically around 1808-1803 areas. Break above 1820 and we can head...

IMaBot_04

Gold hit 1764.. and then flew, key levels are fun. Check out my last idea to see how I analyzed it before!!! Whats Next? - Gold hit 1789 key level off of Jerome Powells speech alone, now is in a corrective state and failed to respect 1781 key level. watch for reaction at 1772.5 and 1781. -above 1781 we may see more upside. -Below 1772.5 we may see more down...

IMaBot_04

well well well... What do you know gold BROKE below 1772.5, RETESTED and then broke down. Beautiful, just beautiful. Whats next? - If you took the sells from 1772.5 key level congrats, now we might see it test 1764, watch the reaction here as it may bounce back to 1772.5 and stay in a range -If it breaks 1764 watch for 1759 key level - safe trading

IMaBot_04

Gold has literally been trading in between levels 1772.5 and 1781. what's next? - Unless you are good at trading ranges you have made a killing. CLEAR BREAK AND CLOSES ABOVE OR BELOW key levels will better tell the story. - 1794 is in play but if not I can see this breaking 1772.5 and heading south FAST, especially if DXY gains strength. -1781 and 1772.5 is where to watch

IMaBot_04

Gold is currently trading in between key levels of 1772.5 and 1781. Whats Next? - gold can break and retest 1781 for safer buys up to 1794 previous high - gold can reach 1772.5 and reject and shoot up to 1794 -if gold were to break 1772.5 and retest, could see selling pressure to 1764

IMaBot_04

After reaching 1798 again gold melted off throughout the day as it broke 1789 and hit 1781, it reacted at this level and jumped back to 1789 with some rejection. What's next? - HTF gold remains on a bullish uptrend, so potential to revisit 1798 is plausible. it would need to break above 1789 and retest to do so. - if it reaches 1781 we can see some reaction and...

IMaBot_04

Gold respected 1781 level and impulse up to 1795 key level keeping the bullish trend. What's next? - We created somewhat of a double top around 1798 and rejected hard towards 1789 key level, where we are currently reacting and can see a move up from this 1789 level - Safer buys above 1795 break and retest as we are keeping the trend strong and we can head towards...

IMaBot_04

-Gold respected the 1 hour breakout around 1765, it broke above 1772.5 and then retested for confirmation, now its retesting previous highs. What's Next? - Gold must break and retest 1789 and we can see an impulse move towards 1800. - It can head to 1775 and retest HTF bullish structure, Where we can see a chance of buys - sells are risky since we will be counter...

IMaBot_04 Updated 

(1)Retesting hourly breakout structure, need to break out of corrective structure above 1772.5 and target previous high, if not, Retest HTF bullsih structure at 1759-1764 and look for buys up. (2)Safest sells below 1759 break and retest