Gold pushed down into 1760 key level, had a 15m candle break below support and the next one break back above creating a fakeout. Massive bullish move from this level in the past. 4HR pushed down to create a bottom wick so anticipating a push up, also sitting around 0.88 fib level.
Last attempt hit SL. Giving it another go based on the same analysis.
Price retraced to the 50 fib level, which is around 1780- key psych level. Consolidation on lower tf indicating selling pressure is wavering. Took a buy after a small liquidity grab to the downside which took the lows of the consolidation and then pushed up. It is possible that price may fall lower before pushing back up but i see a move coming due to NY session...
Price at a strong resistance zone where it had a big selloff in the past. Hourly candle closed bearish and engulfed the previous indicating selling pressure. Took a sell in the new hour push up at a fib zone anticipating a correction to the downside. Unemployment claims later today so exercising caution.
Price broke below 4hr support, but could not close below, multiple wick rejections, W pattern on lower tf, broke structure to upside and made higher low, took buy on fib rejection to retest 4hr highs around 1.24600. CPI news soon so looking to exit before then.
Same setup as gbpusd last night, but volume now in the market. 618 REJECTION. Expecting a retest of 152.500
Price broke below key level 1.36150 but pushed back above the 4hr support zone, took a buy on this fakeout to retest the highs at 1.36330. Late trade so volume is low as we approach asian session crossover, stops at breakeven now.
Price broke below 1750, however, i believe it is too soon for the move down into 1740-30. Expecting a fakeout and close back above 1750 on the 4hr tf. Then the sell off to occur during the NY session.
Price pushed into golden zone for a rejection, triple top on lower tf. Strong resistance level at 1760. Good entry price for a move down as im bearish on gold into 1740.
Price rejecting strong resistance zone, expecting a move down to correct london push up.
Expecting a retracement to 1748, W pattern on lower tf, price failed to break 1740. Looking to go short around 1748-1750.
Price broke 4hr support zone, current 4hr candle has rejection wick to upside. Daily is bearish and has broken previous daily low. Price rejected resistance on the hour, took entries anticipating a drop to 1.36000 liquidity zone. Exercising caution- FOMC news today.
DXY index in golden zone to continue bull movement, GBPUSD at resistance and making lower lows, lower highs on lower tf. Multiple wick rejections, anticipating a bearish continuation.
Price reacted off 1.17000, expecting a small retracement before a bearish continuation. Price oversold, in 80% retracement fib zone.
Re-entering trade after last got wicked out and hit sl, new structure bbroken to downside expecting a continuation. Bearish divergence, rejection of fib zone, weak pound.
Price rejected 618 fib level, bearish momentum coming in, expecting a drop to continue pound due to pound weakness.
Price has dropped around 60 pips for the day, expecting it to respect 1.17500 and retrace to retest 1.18000 zone. Tapped into 618 daily fib zone. Good retail sales for US, but bad unemployment claims. Anticipating a move up.
Previous daily candle closed as a strong rejection to the upside, expecting a drop toward 1.18000 area and a break of the daily low to continue down. Price is rejecting 618 fib level.