I made profits from GOLD about 400pips in a row by opened a long position on GOLD at the support zone level between the date 01.08.19 - 02.08.19 swing trading.
Gold is above the support zone, but it breaks the trend line level to the downtrend. So, we could buy the gold if the price is above the support zone or met the support zone. But if the price breaks below the support zone level, then we might have to wait until the price was confirmed its direction before we decided to trade.
The Resistance zone is around...
Gold is below the resistance zone around 1445-1452 figures, and it's the consolidation zone for the opportunities to take a short stake. So, the shorting zone is below 1445-1452 level if the price breaks above that level a short stake should be reconsidered.
Gold is in the consolidation zone by touching the trend line. The price seems like it's forming to go short in the short term if we look closely to the small Timeframe, but in the bigger timeframe like H4 the price is still in the neutral trend. So, we can play on the short side if we trade for a short term. But we should be aware when the price breaks above the...
I was providing a short trading signal on GBPJPY from 25.06.17. Today's date is 26.07.19 the price of GBPJPY is dropped about 100pips, so I made a profit in a single trade with the profit about 50-70 pips. Hope all of the readers happy and enjoy on your weekend.
I am done with the day trading on gold which's made me profit from gold about 700-800 pips. By doing this profitable day trading, I just followed the simple steps by finding demand and supply zone, support and resistance level. Some of traders may use fundamental analysis to find the direction of the price movement. By the way, you should focus on skills that you...
Gold is on the support zone which is in the main process of the price action analysis. If the price could not pass below the support level, that's mean the price could change its way. Then, we can open a long position around those levels(Buying Zone) but if we look closely with the price action of the GOLD, we would find that the direction of the trend is on the...
I was shorting on gold with the price around selling zone level and I made a profit from gold by shorting gold from 24.07.19 - 25.07.19 with the price level around 1428.00 - 1432.00. Then I closed orders around the closing zone level with the price around 1412.00-1417.00.
GBPJPY is looking for a short trade around 135.00-135.30 level. If the price breaks above that level we will be reconsidered about the direction of the pair. In this week the volatility of the major and minor pairs are quite low. So, we should be careful about the trend to change so quickly.
Gold Technical Analysis
- Looking for a short trade on Gold with the price around 1428.00-1438.00, if the price breaks above that level we will be reconsidered.
