My analysis for gold this week remains focused on identifying long opportunities to capitalize on the bullish pressure we've been seeing. The plan is to follow the trend as it develops. Last week's consolidation and the current slowdown suggest that the bullish momentum is waning and a retracement might be due. I've identified a 2-hour supply zone where the price...
I do believe gold is going to continue to buy. As much as I know traders are interested in selling at the high, I don't think it is that probable to take that trade and the more you think of every trade in terms of probability, it saves you from taking some really shit trades, honestly. Would you take a bet that you are either A. unsure you can win or B. know...
Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime. Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right? Have a good weekend guys, see you on monday
Yes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day. The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take. Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first...
As much as I want to tell you that there is some magic set up that works for me, Unfortunately I cannot because there isn't. The more I look at my own trading over the many years that I've been doing this. It literally boils down to probabilities. What is the probability that X will happen if Y happened. This is literally how I process everything and as you...
XAUUSD Analysis On the 1 hour timeframe, price action has created a 1 hour Bullish retracement. Currently, price is in between the 1 hour low of 2326 and 2352. To get a clearer picture, I want price to break above/below these levels in order to look for potential trades. IF price breaks above 2352, i wll be looking for a break and retest of that key...
Sheep vs Wolves Sheep Believe that selling at the highest possible point will be the best potential bet Wolves wait for sheep to slip so that they can eat the sheep The problem with the sheep mentality is, what are you basing the "highest point" on How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest...
Last week, my gold analysis unfolded precisely as expected. However, following the reaction outlined in scenario (B), news on Friday at 3 pm triggered an upward rally, clearing out considerable liquidity and potential supply zones. This further solidifies my bullish bias, and I now anticipate a retracement due to the significant imbalance left behind by the price...
Xauusd rides its prices to make a mitigation along the 2040's of which a weekly formations sets in to pullback to BEARS*sell) till the 1990's before the BULL(buy) moves ... find this amazing by following for more insights and comments and boosts are welcomed .....Thanks🤝
And with that last post, here is the breakdown of the trade we were expecting. Price action moved nicely going into the close of the 4h candle. Overall it was correct analysis, congratulations to those that followed.
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
Looking at buys above the 1912 level on the 4h timeframe, should we see a closure above here I expect price to continue up towards at least 1920, however overall price is still bearish, but my bias will flip should we see a push up, creation of a higher low and we can then take the trade.
With sells still being the primary bias, we can look for sells at 1901 down to a potential 1895 where we may see rejection and price bounce towards the 1920 level. I wouldn't be taking sells during asia session purely down to the fact it's unlikely we have volatility given no news from the US yesterday but anything can happen in these markets.
Curently looking at buys on the 1h timeframe for a scalp, and then further buys should we see gold close above 1920 on the 1h time frame with anticipation of the 4h candle flipping after a bottom wick forming.
Looking at the breakdown of why the trade we took earlier that was marked with a buy limit line based on closure of HTF candles so that we can use this to learn from and add to our experience. Overall a very good thursday, tomorrow is another day and we do it again.
Yesterdays buy that we were testing the method of ended up being a success. This is good, but it's only one case out of many more to come. The overall theory of the trade was price breaking out of a range where there was strong support, tapping into a level that we had tapped before with anticipation that price would move back to the top of the range where our...
Looking at previous price action, buy limits are set at very key areas of rejection By anticipating price to come and tap these levels we are aiming for very quick 10 pip scalps. Break out of the range to the downside, grab liquidity and ride it back up. Tight risk management is key! This is not a trade I am taking on my personal account, only for live-testing...
We are currently in a tricky range, despite price looking heavily bullish on the lower timeframes I would be cautious as price is known to reject and range within this area Look for trades outside of this range and we can see a much clearer picture on where price wants to go and take trades based on that Patience pays.