Here is have Gold on higher TF, yes this maybe a retest however I would need to see some evidance before my mind is swayed for a sell... Maybe some engulfing or PA will convince me to sell further
On the Buy side, it seems like we need a big push up to make this a bullish Gold week but anything can happen and here I have marked it up clear
Always wait for...
Here we have the possibility of price breaking 1480 and staying under...however its always good to consider a bounce from this area to wipe out the SL's or orders in this heavily popular area for Price action
If price breaks and stays under 1480 we could see it turn down to 1420 Zone....
Lets watch price see what it does dont forget its the end of the month and we...
Just an insight into lower TF, let price reach the levels you have set out and wait for price to react in the way you want or what your looking for, wicks essesially in this example and levels.
Pretty simple for in and out trades as it comes around quicker :P
Here I have Gold for the week ahead of the new month and heading into NFP week.
I'm expecting Gold to revisit the lower 1500 levels before a spring to the the highs of this range as Gold is still in a uptrend unless theres a break of the lower levels 1500's.
Lets see how price reacts after lows
Very important here to observe and not get FOMO on the higher tf of...
Pretty explainable from the chart above.... NFP is on today which also has been a Dud for the last couple of months, however you never know and to plan to enter before is always advisable. All be it there many ways to trading!
We can see retest possibility of it going higher and on the flips side reaching 1490 area!
As I mentioned In my last post, I feel the cycle of Gold is accellerated similar to BTC and gold is becoming a tax heaven for BTC profits and some other factors.
Heres a side by side of the charts.... familiar cycle patterns? I think so, going on technical analyses Gold does need to retest but it isnt nessasry for it to happen now... Lets see what this week has...
This EURJPY trade has already been taken long, however I would like to show the Indication of setting the trade. Bullish Pinbar, key area and trend all factors.... EUR showing strength after Tuesday also.
Don't jump into a trade
You yourself are liable for your own trades.
I've just started into this trade and these are my anylasis into it....
The 4hr chart has a strong bullish candle formation, so may have to wait a little while before entering this one.
If you have any quesions please dont hesitate to ask!