Gold 4H Sell Continuation Idea 9/30/23At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where price currently is:
1. 4H S Fractal
If you trade fractals you should already be in this trade. You may see some pull back, but until I see some bullish pressure, I'm looking for price to continue a good 300 pips to the 2023 yearly open
2. 4H B FVG
If you are a counter trend trader, you can get a good 140+ pips out of a possible pullback to the 4H S FVG that has been created in the drop before market close Friday 9/29/23. If not stay out and wait for more sell confirmations to get back in the sell
3. 4H S FVG
If price does pull back, I'm not looking for more than a good 150 pips into the gap that was created at Friday market close. So from there you can catch the sell continuation down to the 2023 yearly open minimum. The next low is WAY below that.
As we know, price does what it wants to do, so be careful and wait on your confirmations. Happy Trading!!
Gold4h
Gold has ushered in a big opportunity, the target is 1920
This is a 4h chart. We can see that gold has reached 2070 twice in the past period of time, but both fell back quickly.
For the first time, it fell to around 1620, where it started an upward trend after a period of shocks. Until recently, it came to 2070 again. After a new high, the shock fell back, and it is now near 2020.
From 1620 to 2070, most of the reason for this is inflation. Although inflation still exists, compared to the past period of time, the economy has begun to recover slowly, and the intensity of interest rate hikes has also slowed down. I believe that in the near future, it will return to normal again, and the DXY will also be 105-109 again .
From the perspective of technical form, the increase of nearly $500, although it has some callbacks in the process of rising, it has not completed a very good backtest in the range of 1810-1910.
In the current daily and weekly patterns, the strength of the bulls has begun to decline. I think this is a precursor to the counterattack of the bears. They are only waiting for a suitable opportunity. The turning point may be when the NFP is announced next month.
This is a bold speculation, but it is not unfounded. In the next transaction, I will try my best to short at the high point, and the target is around 1920!
If you have enough funds to trade gold, or you have prepared enough funds to trade gold, I think, maybe you can try to seize this big opportunity like me! ! !
Share this point of view with my friends, I hope you can make more money and realize your dreams!
GOLD 4H (movement range 1900 and 1933 )GOLD
if it is below 1933 the direction downwards going until it reaches 1920 and 1910 then 1900
if it falls above 1933 the direction is going to touch 1939 again and 1953
The movement range is between 1900 and 1933
price:1933
resistance price: 1939 & 1953 & 1966
support price: 1920 & 1910 & 1900
tendency: is bearish
timeframe: 4H
Gold 4H Buy Idea 5/6/23Gold has created a 4H sell FVG that price could buy back up to OR break thru. So I will enter a buy into the FVG + for those who know The STRAT see that a failed 2d was created followed by a 2u, which is a double confirmation that price should at least go to the 50% of the FVG.
GOLD H4Hello traders,
GOLD is setting up for a upside move watch GOLD according to your own trading system and look for a long position opportunity.
Currently i am looking for corrective structure, if price show me a corrective structure then i will be looking for a long position around 2011 level and there is also 0.618 fib.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
GOLD H4Hello traders,
GOLD is setting up for a downside move watch GOLD according to your own trading system and look for a short position opportunity.
Currently i am waiting for price to come around white box area and from there i am looking price action for short, if price break the mentioned high then this setup will be failed.
Price can go directly down from the current area as well.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck and good trading.
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GOLD H4Hello traders,
watch GOLD to break the support wait for price retest and look for a short position opportunity, if price hold the support and didn't break watch price to break the 50 moving average and look for a long position opportunity.
This is my analysis and view about GOLD.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck and good trading.
GOLD H4Hello traders, GOLD is setting up for a potential upside move watch price to hold the 50 SMA and look for a long position opportunity, in case if price break the 50 SMA and also the yellow box resistance become support area then i will be looking GOLD for a long position opportunity around 1965 level.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
XAUUSD (GOLD) 4H ChartGOLD (XAUUSD) again bearish or soon breakout?
We can expect breakout and huge pump here too and on daily charts , it is more clear.
But in lower time frames we can see that correction and local fall is also expected like the red arrow on the chart.
DISCLAIMER: ((trade based on your own decision ))
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XAUUSD (GOLD) 4H Chart shortFactors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term support is around $1800, violation below targets $1780/$1760/$1750. Significant reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877/$1912 is possible.
DISCLAIMER: ((trade based on your own decision ))
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