TheTradingPulse

TheTradingPulse

XAUUSD Daily. Yesterday we mentioned that Friday's wick will be filled up. Gold did just that and continued to move south until the Low of Thursday's candle. We would need to see a break of Thursday's low on the 4H close with at least 75 pips for XAUUSD to continue south. If it doesn't achieve such bearish volume, we would see the XAUUSD move back up in this Daily...

TheTradingPulse

XAUUSD Weekly Post NFP. After NFP the weekly CS managed to close strong with a range of 646 pip. Consequently this high is close to the previous weekly swing high creating a double top. The bullish range of 646 signifies a strong bullish momentum. However, due to the formation of the double top we would need to see a daily close above 1807.96 for XAUUSD to...

TheTradingPulse

XAUUSD 4H, Pre CPI Day. Since previous bullish impulse, the market has been moving sideways in the premium zone. We would like to see the price to go lower to the discount zone before committing into a bullish position. Since the market has been moving in the same range for the last 32 hours, be careful with your lot sizing and manage risk with a tight SL. It is...

TheTradingPulse

XAUUSD Post NFP. Last week, Gold printed a triple bottom and during NFP day, the price shot up for about 540 pips. It printed a newer high last week compared to the two previous weeks. However the price is still in the range of the bearish candle for the week of 10th October. During the close of NFP day, XAUUSD closed at 1680.935. This is a significant price as it...

TheTradingPulse

GBPUSD 1H EW Perspective still bullish as our last count. However, it is an area of imbalanced zone. We will scale in our position if there is a break of the swing high. You may look at our previous post on GBPUSD for the earlier bullish count.

TheTradingPulse

XAUUSD 4H, During the US session the bulls made a strong push to the upside closing with a range of 203 pips. However, it didn't manage to close above the last daily CS high shadow of Friday's candle 1657.94. 1657.94 serves as a daily resistance for the moment. We would need a daily close above 1657.94 for the bulls to continue bullish. With the price moving up to...

TheTradingPulse

Overall, still bearish on Gold . On our intraday EW perspective, we would like to see the price move higher to complete the correction wave C before going short again.

TheTradingPulse

GBPUSD 4H An intraday outlook for Monday. On the Daily and Weekly TF, the momentum is still bearish. On 4H, the price is currently in the premium zone for sellers and it is in an ABC corrective stage. It is currently at a 50% retracement of the recent bullish impulse. If this failed engulfing area coupled with 50% retracement area holds, we would look for possible...

TheTradingPulse

On 4H we can see that the price is hovering at the discount zone, however there are still imbalanced zones close by. there is one at the premium and discount zones. For intraday we are bearish bias but we would only place trades where the price is at a lower risk, the highs of the 4H SNR. We will look for possible entries in the LTF. Today is Friday and the market...

TheTradingPulse

XAUUSD Daily, Despite the strong move yesterday the 4H managed to break and close below the last 4H CS but at the closing bell the daily CS did not manage to close below the price that we have been monitoring. Yesterday closed bearish but still at 1665.87. The strong bullish and bearish move during the news was to pick up and hidden orders. This will pave the way...

TheTradingPulse

XAUUSD 4H. Pre-London. Look for 50% retracement of this last 4H candle for potential sells. Or wait for a breakout of the 1659.68 then a pull back on the LTF for entry. If 1659.68 is rejected this Bearish Trade Idea is not valid.

TheTradingPulse

USDCHF Daily, If there is a breakout above the blue box which is the current resistance. We will look for an entry on LTF and go long. USDCHF has been on a bullish impulsive trend since 4th of April this year. It entered on a corrective stage on 16th May 2022. On the week of August 8th, it made a fake out bearish move to take out the SLs of the Sellers in order to...

TheTradingPulse

XAUUSD 4H, we can see that the price is still in the premium zone where there would still be some willing sellers. There is so an imbalanced zone which is still fresh. We could possibly see look to pick up some orders before moving back up. Monday is the start of a new trading week. For intraday set ups, we will wait for the 4H structure to develop before...

TheTradingPulse

XAUUSD Weekly. On NFP day the bulls managed to push the price down by 345 pips which was roughly half of the total bullish move last week. However the bulls managed to break and close above the high of week 19 September. The bulls managed to take control of last week. We mentioned on Friday that the bears would be in better position if they closed below 1687.98...

TheTradingPulse

XAUUSD Daily NFP day. We posted earlier that if XAUUSD managed to have a daily close above 1735 we could the market giving way for the bulls to climb higher. So far the market has been ranging within the bullish candle that was printed on 4 October with a high of 1729.741 and a low of 1695. Will the bears manage to hold the fort and defend September's high of...

TheTradingPulse

DXY Daily finally made a correction after another impulsive move that was made on 11th of August. If the trendline remains intact we could see another move up. However, we would be on a bearish bias if its breaks and close below 107.126

TheTradingPulse

XAUUSD, Monthly. In September the bears managed to close the month strong with a break of a significant level 1670.88. It has also managed to print a wick with a range of 453 pips. If we the bears manage to fill up the wick of the September Monthly Candle, we could possibly see a try for 1572.45, which is the start of the bullish run in April 2020. We would like...

TheTradingPulse

Previously we posted that Gold was due for a correction to the upside. Now it has made an impulse move breaking a falling trendline. Below is our current view. XAUUSD 4h, Over the few days Gold managed to make new low but it went down correctively, we were very cautious with our short positions as we were in the discount area. Yesterday Gold has managed to...