GOLD: First green day in the new week

Updated
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
  • Monday DAY 1 Opening Range
  • Tuesday DAY 2 Initial Balance
  • Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ day 2 cycle
  • Thursday DAY 2
  • Friday DAY 3 Closing Range


2. SIGNAL DAY
  • First Red Day
  • First Green Day ✅
  • 3 Days Long Breakout
  • 3 Days Short Breakout
  • Inside Day


3. WEEKLY TEMPLATE
  • Pump&Dump
  • Dump&Pump ✅
  • Frontside
  • Backside ✅


4. THESIS:
  • Long: primary, market potentially pulled back on the last Wed high, which was HOW before it has been broken and retested on monday. FGD signal, if the market will dump for 75 pip on the yesterday CP at least, I will be looking for a buy setup.
  • Short: secondary, yesterday the market placed a lower low and started pumping, I cannot exclude a 3 session pump and dump going to retest the LOW.


Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

Comment
snapshot
Dump and pump completed !
Beyond Technical AnalysisChart PatternsdumpandpumpfirstgreendaygiannipichicheroGoldpumpanddumpstaceyburketradingTrend AnalysisXAUUSD

Related publications

Disclaimer