streetfriend

streetfriend

I am going to present you with the absolute best setup we could see this year! XAUUSD Upward Channel on the 4his reaching its top and key level at 1850-1860. XAUUSD Is also reaching the Peak of the Downwards Channel since its ATH Last Year What does this mean? Institutions will begin entering their positions to short gold to potentially 1750. Each time Gold...

12:36

streetfriend

Heres a detailed technical analysis on my view for XAUUSD (Gold) for Sunday/Monday October 5th/6th onwards. I am very technically oriented in my trading and trust my own analysis. This coming week will either be extremely volatile or slow as we come towards the year end. I am excited to see how covid will play on Gold and the USD Index and will keep in mind its...

streetfriend Updated 

Gold is on a rinse-and-repeat structure as highlightedi n the yellow box. Green lines represent structure on the weekly since Gold's inception Yellow Lines Represent Daily Structure since gold's inception. I feel very strongly about this trade.

streetfriend

This is an idea based on the daily/weekly trendlines alongside negative sentiment on XAUUSD Tomorrow is NFP day and it is likely that this trade will not play out, however; when and if gold reaches this zone, I will proceed to enter buys asap.

streetfriend

After identifying strong structure on the 1 hour & 4 hour charts and seeing rejections in those timeframes I decided that a possible scalp for longs would suffice as todays news was also quite neutral and did not have a large impact on gold. With the green line representing 1-4 hour support levels, I identified key rejections on the 15 & 30 minute charts and...

streetfriend Updated 

After my call of gold falling to 1800 at 1866. I believe the downtrend is now complete. On the daily timeframe you can see that at 2021-11-24 the sellers are somewhat exhausted and currently - there are buyers beginning to overtake. The Green Lines represent - Weekly Support/ressistance There is some heavy rejections at the weekly zone identified thus driving my...

streetfriend Updated 

Hi everyone, I believe we are in continuance of the channel as we see a good continuance and rejection on our Daily - 4h - 1h timeframe from the reverse head and shoulders. Let me know your thoughts

streetfriend Updated 

The white Lines represent Weekly Zones of Liquidity/Reaction The Orange Line Represents the 4 hour Resistance zone in which the recent daily wick had rejected based on previous consolidation and reaction zones The Potential gain is a strong downtrend being formed; based on historical reactions the chart failed to break that resistance on the weekly and retested...

streetfriend

We are approximately 350-400 pips in profit to our potential 550 pip gain, we have seen some solid downtrend and I believe it will continue as there is minimal resistance going down to that zone See my post (on my profile) on Feb 26 for a trade run-down and explanation