Futurestrading
GOLD Trading Analysis Before COMEX OpensIt is crystal clear that the gold is ranging in an inclined corridor (see the two inclined lines) + the prices are below the VWAP (for the moment). Since there is no volume the minute I type this, it is difficult to predict exactly what is going to happen. But here are the only 2 scenarios:
First, the market will break the range from above with a strong volume + break the VWAP. In this case, the prices will potentially reach the previous strong resistance (sii the horizontal line).
The second scenario is to bump into the VWAP and continue the down-trend, this will result that the prices will certainly reach the previous range (see the blue rectangle).
Strategy
I will personally wait for the American session to open, to observe the first impulse volume. Once the volumes are here we should see the behavior of the market with the VWAP and with the "micro-resistances" (breaking it or bumping into it). Then initiate a trade when all the elements are present.
Remember, we think in terms of probabilities, the market could be irrational, however, we tend to explain it and analyze the most probable scenarios.
VET looks good for Long trade Hi , this is my 1st technical analysis and its gave me profit yesterday so i would like to share why i choose this coin
reason :
1.20 MA moving above 50MA
2.can see a bullish hammer candle (hammer stays above 33%) follow by big green candle
3.following uptrend in 4hr time frame
4.touched 20MA line before confirming the entry of 0.125 dollar
above conditions are satisfied
stop loss :
lower then previous lower low of 0.11742 dollar ( wick plus ATR value )
NOTES :
my expected target of 0.15 reached in 28 hours from entry ,
Even elon FUD didnt affect the stoploss , looks good and strong till now
NASDAQ100 - WOULD LIKE TO SEE PRICE SELL OFF (NEXT BUY ZONES)BEFORE -
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MATICUSDTAs a simple we gonna hit the 3.24 as a first TP in the 5th wave and after we will see the correction waves
Gold Futures Short Swing Trade GC1!Gold sitting at the top of the Descending Channel
presents a great short opportunity .
I have marked all the levels going down to the
bottom of the channel which were determined using
Fib Pull from last swing high .
Above us I have marked areas of resistance and it remains to be
seen if we see a change in market structure but until then i favour
a short setup .
Also when looking at the DXY index i think we will see a recovery in the
USD to around 91.3 which will put Gold back under pressure and thus keep gold
inside of the descending channel .
1790 will be a tough level to break down IMO as the 100EMA and 200EMA sit here this would also make a good TP1
This setup has a simple invalidation as detailed in the chart but of course set your own levels
pertaining to the percentage risk you are happy to use .
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