i'm back with an even more simplified view of the market. Will post here once or twice a week.
Gold has Consolidated the entirety of last week, if you look at the bigger picture, which it had to do after the rally it has been on. If you understand the Market Maker's concept you know there is one more level of rise due, an for this reason i am bullish until 2200 where price can reverse and start a bear trend or reset and start a new bullish trend.
2160.9 will be the first target for next week's buy setup, then 2172.32 will be the key level, as price has tried to break that level two days last week, if it tries and again and fails, it's likely that Gold will tank..
If you trade the MM method HMU, lets trade ideas.
Gold has Consolidated the entirety of last week, if you look at the bigger picture, which it had to do after the rally it has been on. If you understand the Market Maker's concept you know there is one more level of rise due, an for this reason i am bullish until 2200 where price can reverse and start a bear trend or reset and start a new bullish trend.
2160.9 will be the first target for next week's buy setup, then 2172.32 will be the key level, as price has tried to break that level two days last week, if it tries and again and fails, it's likely that Gold will tank..
If you trade the MM method HMU, lets trade ideas.
Note
looks like they will be heading straight to 2200...was hoping for a pullback before it did that, doesn't look likely now..Note
Closed all buys target reached...Now I wait to see where there will bring the market, this looks like the same behavior they did when they got to 2100...Sells potentially incoming...Note
nope they didnt give level 3 at 2201, which is good, less concern now for drawndown...Now i have moved to Break even, risk free sell trade now..if they come back to that high, i will update on new pattern entry for sell....but a pullback is incoming after level 3, the question will be, how high will the pullback go....but i will be selling that pullback once I have pattern confirmation...Scroll to the second post on this idea, to understand the pattern entries I take.Note
price has now closed below opening range...moved to break even, risk free trade now...have a great weekend all!..Note
yup that second push was a LG..didnt give me a new entry, enjoy your weekend guys! new posts on sunday or monday.Note
if price closes above 2181, we could see price go as high as 2190 before any bear reversal.Note
price closed above 2181...So we could be looking at bullish movement up until 2190 this week before sells...potentially thursday before sells .Disclaimer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.