Here is my latest structure analysis and important support & resistance levels/zones to watch and trade on Gold next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
R3 LRS 1921 R2 MRS 1913 R1 HRS 1910 S1 HRB 1908 S2 MRB 1903 S3 LRB 1900 SELL> An immediate sell area is starting from 1910 where 61.8/Sma44 is aligned till 1913 78.6%/SMC areaHowever a very strong sell position is at 1921 where H1 sma200 is moving provided D1 Sma200 is just above it at 1922 BUY> Price has already taken support from 1908 a virtual...
since the beginning of the trade, we are 98 pips up on GBPUSD and 25 TICKS on gold. Orderflow to it's best
Gold for April. We see Gold is making slowly LL and ready soon to go down. Let's see this week if NFP is pushing gold to downtrend and confirm the trend change for us. This month eye on CPI Dollars as well.
XAUUSD Bears remain in control if price is kept below 1710. A pullback toward 1710 followed by a lower degree SELL breakout could give the next motive wave down.
Check out this Elliot Wave driven technical analysis punt from me. Gold has a lovely growing rolling pyramid structure that is generated mostly through particular price and event patterns. Simple LONG hold here. Buy big or go home. Hold long or mess about stepping in and out. Easy profitable trade IMO.