Mebakid74

Mebakid74

Gold on the 1-hour timeframe, the previous Weekly candle closed with a slight Bearish bias, resulting in a weak resistance level. Given this scenario, I would favor sell positions, as there are no high impact news events anticipated. It would be ideal to wait for the London session to establish a trading range before considering potential setups around the New...

Mebakid74

I have my eyes on a Swing trade with a long-term investment strategy to counter the prevailing downtrend and potentially reach new highs in the market. This particular trade might require multiple entries, as I anticipate it will take some time to unfold. I've been monitoring this a lot on the lower timeframes, My goal is to secure almost 1000 pips with this...

Mebakid74

Gold on the 4-hour timeframe, previous 4-hour candle closed with a slight Bearish momentum at 1976.310, while the price continues to remain within a range on the 1-hour timeframe. Ideally, is to wait for the consolidation phase to conclude, looking for a breakout in either direction during a high-volume session and being mindful of the high-impact news scheduled...

Mebakid74

Gold on the 1-hour timeframe, has been consolidating within the boundaries of the "No Trade Zone" for a considerable period. However, it's worth noting that the previous Weekly candle closed strongly bullish at 1955.500, respecting the recent Weekly support level. I anticipate potential trading opportunities once there is a breakout from the "No Trade Zone," be...

Mebakid74

Gold on the 1-hour timeframe, exhibited a small Bullish closure in the previous Daily candle at 1960.700, while consolidating on both the 4-hour and 1-hour timeframes during the Thursday trading sessions. It is worth noting that a breakout above or below the current consolidation range could present an opportunity for a potential position considering the presence...

Mebakid74

Gold on the 4-hour timeframe, is showing a strong Bullish Weekly candle, yet it continues to respect the previous rejection point at 1958.32. As the Daily candle starts to shift, there is a possibility of a Bearish momentum emerging. I will be closely observing for a potential position after a breakout of the "No Trade Zone" in either direction, particularly with...

Mebakid74

Gold on the 1-hour timeframe, closed bearishly in the previous Daily candle at 1925.40, tapping into the Daily Support formed on Friday 7th July 2023. As there are no high-impact news events, ideally is to wait for price to breakout of the "No Trade Zone" during high volume time with strong confirmation before considering any positions.

Mebakid74

Gold on the 1-hour timeframe, closed bearishly in the previous Daily candle at 1914.81, slightly below the Daily support while respecting the previous daily resistance. I will be attentively observing for potential opportunities to sell, considering the analysis from the Weekly and Monthly timeframes, taking into consideration the upcoming high-impact news...

Mebakid74

Gold on the 4-hour timeframe, exhibiting a bullish momentum as it respects previous lows. Despite a significant range zone, ideally it is better to wait for high-impact news at the close of the New York session before initiating any trades.

Mebakid74

Gold on the 4-hour timeframe, with the previous daily candle closing at 1907.500 and breaking below the daily support level established on Friday, June 23rd, 2023. Notably, there are several high-impact news events on the horizon that could impact the US Dollar, including a speech by Fed Chair Powell at the Fourth Conference on Financial Stability hosted by the...

Mebakid74

Gold on the 1-hour timeframe, exhibited a Bearish closure in the previous Daily candle at 1913.540, just below the Daily support which was established on Friday, June 23rd, 2023. This has resulted in the formation of a new Daily resistance level at 1926.040. Given these developments, I will be carefully monitoring for potential selling opportunities, particularly...

Mebakid74

Gold on the 1-hour timeframe is currently exhibiting a range-bound behavior, indicating a lack of clear direction, awaiting a catalyst to provide a clear direction. While the previous Daily candle closed with a minor Bullish tone at 1923.200, it respected the highs and lows of Friday's trading session. At this point, I will be closely monitoring how the price...

Mebakid74

Gold on the 1-hour timefram displayed a gap-up open. However, the previous Weekly candle closed strongly Bearish at 1921.300, breaching the Weekly Support established on May 29th, 2023. Although the Friday Daily candle closed with weak Bullish candle, forming a Daily Support level around 1913.800, I will be considering a short position but I will wait for price...

Mebakid74

As we step into the final week of June. The week is filled with significant economic data releases and additional testimony from Fed Chair Powell in Washington. I will be focusing on entries within the mitigation zone on the 4-hour timeframe where the price was previously rejected. I will patiently observe how the price unfolds and assess the market conditions to...

Mebakid74

Gold on a 1-hour timeframe displayed a robust Bearish closing of the previous daily candle, as it touched the established Daily Resistance from March 14th, 2023. Although there is limited buying potential due to a narrow range, I will be closely monitoring potential selling opportunities, especially considering the upcoming high-impact news preceding the New York session.