BUY EURUSDEURUSD failed to make a stronger drop during NY session. Price has mitigated the previous surge. I expect a pullback to make new highs on tomorrows trading day. Entry at 1.083 stops below 1.0816 targets above 1.0896.
Be advised my ideas are solely my own and they do not constitute to any signal service nor financial advice. Use your own entry level and own risk management.
Buys
GOLD scalp ideaLooking for gold buys or sells depending on where the FIVE MINUTE candle closes respective of the levels marked in the chart
Gold has seen a strong push to the upside and I don't believe it's completely exhausted yet. However, that does not mean price action won't play out on smaller timeframes.
XAUUSD Gold buy idea 4h breakdownThis is why I love and talk about price action so much. Gold has given us an absolute gift of a level with such a repetitive history it would be foolish to not take note!
The white circles highlight areas where the 4h candle has closed above the level and pushed up towards 1967. If we can see a 4h candle close above this level, move down to grab liquidity with a wick and then move back up I will absolutely be taking buys here make no mistake about it. Probability is strongly in our favour.
XAUUSD Gold breakdown MonthlyMonthly chart shows one thing. STRONG rejection. And where there's a strong rejection, there's a chance of a price reversal.
How does this coincide with what we are looking for? Well, August monthly candle did not have a top wick. If we can get a top wick created for the previous months candle then September SHOULD see a sell off going into the end of 2023.
Target long term if you're taking swing sells remains the 1800 level.
XAUUSD Gold 4h timeframe analysis played outThe 4h analysis we did earlier this week before market opened saw price action play out absolutely perfectly following our arrow path of breakout - retest - push to the upside and now a complete shift in sentiment to bullish.
From here we can anticipate price to continue upwards with a bullish bias and look for buys if swing trading.
xauusd gold daily analysisHello everyone, looking at the daily timeframe we can see gold has picked up volatility below 1890 with a strong rejection back into the 1900's
Should we see price hold and not reject key levels of resistance, expectation will be for gold to return to the range we have previous seen gold stuck within, with a push to 2000 creating a top wick for the monthly candle and then a move down.
XAUUSD Gold 4h breakdown and analysis for buysLooking at the 4h timeframe there is a bullcase for buys at this level.
1. we are at a key level of support
2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level
3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we can then see price move back up.
XAUUSD Gold daily timeframe breakdownAs ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here.
1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
DXY 4h breakdown (short term Bullish)With gold selling off it's always worth taking a look at DXY. DXY is good for a reference on possible signs of strength/weakness so we can plan ahead with gold.
So taking that into account, it's clear there is enough strength in DXY for the 103.66 level which I had mentioned on July the 24th (Linked idea) after creating support in the 90's
XAUUSD Gold 15m scalp ideasLooking at the 15m and 5m gold timeframe we can see potential scalps going both ways here.
Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
XAUUSD Gold buy scalp testSimilar to yesterdays trade, we're looking to take another trade testing out this strategy I am working on.
If gold 1h candle can close above the purple line 1921.738 then I will have a buy limit set at 1920.259
It is a very circumstantial trade, but that is why I am currently live testing it and keeping journal of them in the form of these posts so that others can also learn from it!