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XAUUSD How to enter on the retest (tutorial)Whats up gold gang! hope you have enjoyed your weekend .. its nearly market open .. so lets get ready. This weeks educational post is talking about the retest .. so what is a retest. When price breaks a banking level .. i normally enter on the break out .. but if i miss that .. you can wait for the retest. This is where price comes back to the level to collect more orders before shooting off in the direction of the current trend. Wait for a wick rejection at the banking level and a bullish candle to follow .. on the hour or 30m is the best .. then you can enter on the break of the previous bullish. Make sure this is at volume time around the opens. As anything .. it sounds simple .. but tricky to get right .. and is a lower probability set up compared to the standard breakout. Hope this was helpful guys .. please leave a like if you did. Ill be back tonight for the open and asian outlook going into tomorrow tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
GOLD may drop to daily 20EMAInstrument : GOLD Possible direction : Bearish Technical Analysis : After a gap opening in the beginning of trading week GOLD has show a strong bearish price action on the lower timeframe. As we of on the monthly gold has reached almost 1 year high, we may see a drop to support zone with daily 20EMA could tested before any movement to the upside. As of today, market has grabbed liquidity from the gap and showing again strong downward bias and may continue to drop. Fundamental : Positive NFP and possible FED's 25bps lift is driving DXY to the upside causing GOLD to melt down. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
XAUUSD Amazing sells!! NY outlook Good afternoon gold gang! .. what a great start to the week Ok we saw the forecasted sells activate in london after a fairly quiet asian session and booooom down they went. Entry model followed on the 30m chart and bye bye! .. 100 plus pips. If you didnt see my entry model post .. scroll back to yesterdays post to see how i enter. Outlook for NY .. we had a beautiful fakeout trapping buyers (why you would buy a huge move like that i do not know) at the level for it to sink again perfectly to the next banking level. Boop. New 4hr candle opened so lets see if we pull back up .. im waiting for a range to form before i can take anymore trades .. at the min its very bearish so we need some buyers in before direction is confirmed like and follow along guys .. catch you later for asian outlook tommy
OANDA:XAUUSDShort
by tommyXAU
tommyXAU simple entry model. Good morning gold gang! I thought id hop on here and post my super simple entry method for you to see. Its no SMC or ICT model that turns your brain in knots trying to figure out .. its simple, as trading should be. I look at some strategies on here and think to myself .. wow, that would turn me into an emotional wreck with my finger on the button. Ask yourself this .. do professional traders in banks use trading view and mark up charts? Its all time and price. Here i am looking for strong breaks of my banking levels in high volume times with a strong closure (30m/1h) preferably. Then an entry on the break of that candles wick. Target is always the next banking level but be very savvy with your risk management. Other areas play a factor too you cant just blindly jump in here .. but this is the exact model i use to execute. Hope this helps guys, drop a like if it did. See you tonight for market open tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
4
GOLD possible buy zone!Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has broken out of the daily resistance level during NFP release with a strong momentum creating a new local uptrend. It is highly likely price will continue to rise on the upcoming week as weekly price is also bullish with strong pin bar after grabbing liquidity from the weekly support level. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDLong
by ForexWizard01
GOLD is preparing for another impulse!Instrument : GOLD Possible direction : Bullish Technical Analysis : Price has grabbed liquidity from 4H 20EMA and strongly rejected to the upside. As daily price action is strongly bullish and price has a strong liquidity it is highly likely GOLD will prepare for another spike to the Monthly resistance zone, in the direction of the major trend. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDLong
by ForexWizard01
GOLD possible drop to support level!Instrument : GOLD Possible direction : Short term bearish Technical Analysis : In the opening GOLD has formed a double top on the 15minutes timeframe and created a possible reversal pattern with falling channel. The price has just closed on the support level with strong bearish candle. On 1h chart GOLD has formed a gap opening with double doji signaling possible further drop to nearest support level! Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
Gold Analysis and Trade Idea for 27-Feb-2023Bullish - Market is in one day bull trnd and will make a LH - Gold showed bearish trend from past 4 weeks and bearish trend is still continue until gold breaks 1817-20 Resistance zone - Gold is facing psychological Support at 1800 which it will test in this week so Support zone is 1800-1806 in this zone gold can bounce back. and keep testing 1817-1820 Resistance zone. - Long reversal trend is only possible if gold breaks 1820 level or above yellow doted line. - On other Hand Dxy is getting stronger which will push gold up and give bulls a chance to jump into the market. - Gold has made a LL on 4H around 1806.70 and can move up for today to make LH Till this situation continous I'll wait for best move by selling in resistance zone 1817-1820 and buying in buy zone. --Happy Trading | @patientwolff @xeshaan
OANDA:XAUUSD
by xeshaan