Get started

Followme

XAU continues mourning after CPI newsGold prices maintained their upward momentum, supported by lower-than-estimated PMI data. In the European session, gold continued to increase from $2,119 to $2,140 and then decreased again to close the session at $2,128. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's testimony today. Currently, gold is falling slightly to $2,126.
OANDA:XAUUSDShort
by NicoTradingMaster
Weekly Chart Signal Trade idea- Multi-time frame AUDUSD Jan 04th 2024 1. The weekly swing is bearish on the weekly time frame. (See green 1 for strong market structure) A. I expect price to move through my risk management strategy to move from 1 to the 2 on the weekly timeframe 2. Price is currently in the equilibrium between the weekly high strong (see green 3 & 4 for reference) Price is more likely to move from strong market structure to weaker structure. This is how I based my phases of the market. 3. Price is currently in C.4 supply zone and is trending bullish for the Change of Trend (CHoCH) 4. Trade Ideas (Investor trade plan) A. I could short trade with a risk entry at the short trade at Black 5 B. I Could also go to a lower time frame and wait for a confirmation entry for a higher probability trade
Short
by Trader_Miles