GOLD NEXT MOVE (Liquidity may be on target) (30-07-2024)

Updated

Go through the analysis carefully, and do trade accordingly.

Anup 'BIAS for the day (30-07-2024)
Current price- 2386
"if Price stays above 2372, then next target is 2396 and 2408 and below that 2364 .

-POSSIBILITY-1
Wait (as geopolitical situation are worsening )

-POSSIBILITY-2
Wait (as geopolitical situation are worsening)

Best of luck
Never risk more than 1% of principal to follow any position.
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Gold buy is running +90 PIPS IN PROFIT (2386-2395)
book little part of profit and manage trade

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BIAS TARGET-1 +100 PIPS PROFIT DONE (2386-2396)

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Gold buy is running +240 PIPS IN PROFIT (2386-2410)

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Gold grabbed the liquidity as I mentioned in the analysis.
But
The interesting fact is that gold seems to be stabilized above 2400.
Be careful and trade patiently

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Gold BUY IS RUNNING +320 PIPS IN PROFIT (2386-2418)
we will share the current scenario/ thought on gold very soon

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Gold BUY IS RUNNING +400 PIPS IN PROFIT (2386-2426)

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Gold BUY IS RUNNING +420 PIPS IN PROFIT (2386-2428)
you can book maximum profit here or if you do not wish to book please move your sl to entry

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Gold BUY IS RUNNING +440 PIPS IN PROFIT (2386-2430)
what a fantastic move we caught

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Gold BUY IS RUNNING +640 PIPS IN PROFIT (2386-2450)
what a fantastic move we caught
NOW WE ARE CLOSING 50% here and moving sl to 2400

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what a huge target we caught
amazing
Gold BUY 90% CLOSED WITH +700 PIPS IN PROFIT (2386-2458)

Note

Thoughts on Gold
@@@@@@@@@@@@@@@@@
Gold Trend changed to heavy bullish
Immediate support 2430-2435
Immediate resistance 2455-2460
Order block area 2425-2430

If price holds this support, price may
attempt to target all time high 2470-75
If price breaks this support, then we may see 2410 area

Thank you

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As is stated, Support is located at (2430-2435 area)
gold couldn't break the 2430-2435,
and support from this range, Gold bulls breaks it previous high (2462) and extend it move up to 2468.
those who took entry @2435, their position is running +330 pips in profit
Our Gold position is running +820 PIPS IN PROFIT

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Our Gold position moved +910 PIPS IN PROFIT
CLSOE MAXIMUM

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Thoughts on Gold:
Yes,
As Friday prices cleaned the liquidity up to 2412,
today the area was retested in Tokyo session,
And gold is near its resistance zone,
once it breaks the resistance 2455-2460
then Bulls may break the ATH and set a new ATH.
detailed thoughts will be published soon.

be ready to see the roaring speed of bulls

Note

As per Eliot wave
gold finished its third corrective wave (i.e. C wave)(setting a low 2353)
immediate after that,
Gold again started taking bullish move and it completes,
1st move to the upside (i.e. 1 wave) (from 2353 to 2403)
2nd move to the down side (i.e. 2 wave)(from 2403 to 2370)
3rd move to the upside (i.e. 3 wave)(from 2370 to 2477)
4th move to the downside (i.e. 4 wave)(from 2477 to 2411)
Now Gold is forming its 5th impulsive wave (i.e. 5 wave )(from 2411........)
we can see gold my definitely break the ATH while moving in this wave.
Gold Bulls are ready to break the ATH and set a new ATH near about 2490-2510.
only after that we may see a decent correction.

thank you
Anup

Note

until the price is above 2380,
we will consider the trend Bullish,
the main hurdle is to cross 2420 area, one the area crosses 2420 area,
then we will see bulls attempting to break all time high.
thank you

Note

Bulls are making their full effort to break 2415-2120 region, so that they can ride up to 2440 then 2460.
But the area 2417-2420 is still working well and it is not loosing its ground.
Advice-
if the area broken by the Bulls, then we will see the ride up to 2440,2460

Trade closed: target reached

TRADE ALREADY CLOSED IN HUGE PROFIT

AnupZiddi

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Not financial advice.
Educational purposes only.

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