RaoulGELMERS

RaoulGELMERS

Looking at XAU on the higher timeframes, we find ourselves at a level where I'm hesitant to buy, but the market isn't quite a sell yet. Given that we're at an all-time high with no references, I've used the trend-based Fibonacci extension to establish my levels along with my fixed Pivot levels. Scalping is fine. Here's where we stand: 1. We're at the top of the...

RaoulGELMERS

As long we respect 191,400 I am looking for intraday setups

RaoulGELMERS

We are currently at the top of a decending channel but still closely following that trend. This matches up with a key point (61.8%) in the Fibonacci sequence, suggesting that any upward movement is just temporary. We've also just broken the 1-hour ascending channel, which could mean we're about to go down. For more proof of this, we need to see if we drop...

RaoulGELMERS Updated 

We're at a crucial level, at the top of an HTF descending channel and the 1-hour ascending channel. I expect a retracement where the 2024 level is essential. If we find support here, we can test 2044, a break will make gold bullish. If we break 2024, then we can retest 2000.8 and potentially break the 2000 level again. These events are critical since we have...

RaoulGELMERS

A bit earlier than expected, now the question is whether we break the descending channel or respect it, and is the break of the trendline a retest or fake-out? The 7 February wick is risky to start selling, we can mitigate this and a strong OB round 2050-2060 needs our Next week, with many High Alert fundamental news events every day is crucial.focus