Scalpers
Gold Market Analysis and Sell Signal Report
Current Resistance Level
Gold (XAU/USD) has recently encountered resistance at the 2361.00 level. This resistance has been tested multiple times, suggesting potential downward movement if it holds.
Technical Analysis Overview
- **Resistance Level:** 2361.00
- **Support Levels:** Key support levels to watch include 2356.00, 2351.00, and 2346.00.
- **Trend Analysis:** The trend shows potential bearish signals if gold fails to break above the 2361.00 resistance level.
Sell Signal Details
- * *Entry Price:** 2361.00
- **Take Profit Levels:**
- **T1:** 2356.00 (50 pips)
- **T2:** 2351.00 (100 pips)
- **T3:** 2346.00 (150 pips)
- **Stop Loss:** 2371.00 (100 pips)
#### Market Sentiment
Investors are advised to consider the strong resistance at 2361.00 as a potential point for initiating sell positions. With the entry point at 2361.00, the outlined take profit levels provide a structured approach to maximizing gains while minimizing risks.
Risk Management
It is crucial to adhere to the stop loss at 2371.00 to protect against potential upside risks. This strategy ensures that losses are limited, while the potential for profit remains high given the strong resistance level.
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Please ensure you adapt your trading strategy according to your risk tolerance and market conditions. Happy trading!
GBPCAD Long For Scalpers and Day TradersGuys pls keep this pairs in to your watchlist dont jump in to the trade immediately since
market is very volatile and you will hit the stop loss and one more reason this pairr didn't
take the proper pullback pls be cautious.
Thats the reason I have not given your entry andd stoploss once I get some more data I wil update the same.
Guys Please like and follows to my ideas in order to give free premium calls
Thank You
Long Scalping a Bear MarketProbably one of the most difficult things you can do in a Bear Market is BUY. Especially when we are seeing aggressive selling like this. This is the type of market where every time you try and long, you lose money.
There's little point buying a falling knife UNLESS you are really good at it, because this current market is breaking every single type of support because of sentiment.
HOWEVER, using my strategy with the Price/Trend Indicator and Volume Indicator, you are able to see when momentum/ volume has shifted INSIDE of the Bear Flag . From this you can see that they are probably going to break out upwards to hit Stop Losses before continuing the fall.
If you take a look at the Orange Boxes, you can see a BUY signal, but Volume hasn't upthrusted enough - it hasn't strongly gone above the Blue and Grey trendlines, so it is invalid.
If you take a look at the White Boxes, you can see a BUY signal, with Volume upthrusting above the Blue and Grey trendlines. This is a valid LONG.
(Ignore the purple line, I'm just testing something at the moment)
There is an indicator called "Deviation Bands" - these are Standard Deviations from the baseline of current price. If you choose the option of "EMA", this will allow you to set Take Profit targets - like here, TP 1 and TP2. I will reupload it on my Scripts soon.
Stop Loss is usually quite tight in these scenarios - sometimes actually not as tight as this (sometimes you can get wicks) but other times below the last low.
Scalper's HeavenNifty has entered in the ping-pong area and is likely to bounce around here only till the next month or so. Avoid Breakout or Breakdown trades as they are more likely to be fakeouts only. Save your capital always fix risk before you enter a trade and never ever ever dream of holding an option in this market unless you have a concrete plan and know what you are doing. This is purely a game of probabilities and has no place for emotions or Fomo'ing out. It only takes one dynamic trader in the world to negate your edge so be careful with your capital. And may the best man win.
MY PREDICTION IN XAGUUSD MOVEMENT FOR TODAYAs we see that last night news has already make a big movement in 1/4 hour projection for all usd pair including XAUUSD and XAGUSD , and my prediction for XAGUSD is price still in finding back its own original movement just like before the news come in which is downtrend , so it need to get back to the breakout zone and after that will make a minor pullback before going up back to its position to complete the HNS cycle without or maybe breaking the original trendline depend on rare ongoing situation.
Thats all from me GP XENIX
Stay tune for next mapping from me
HAVE A NICE DAYS TRADERS <3
Scalping opportunities so good they're scary!Hi history teacher making 20k a year and day trading with £1 million positions.
Very Very Very Very Very strong support. The price keeps bouncing.
Why? I have no clue, and this is the beauty of Technical Analysis ™. Everything is reflected in the price.
We do not need to spend countless hours doing research. Technical analysis & the price reflects everything and allows us to predict future price movements.
With .8 point spreads I am able to scalp this for 1 point over and over. As you can see on the 1 hour chart the price keeps bouncing but what is interesting is on the 5 minutes it also bounces several time within a candle.
They told me I'd be stuck teaching to teens for the rest of my life. Little did they know I have something special about me.
I am a legend, a master of charts, the new captain of the boat.
1 point may not seem much but keep in mind we are able to do it over and over and over, and add leverage now it gets interesting!
With 100 leverage you can be making 1% every couple of minutes! This is free money! It's so good it is scary.
All thanks to random technical analysis that helps me buy when the price is oversold on the 5 minute chart in the lower area (He means the floor where the SNB is buying and for the price to reach that area from above the random indicators he uses OBVIOUSLY HAVE to go down since they follow the price).
I put my lifesavings in and I am making crazy gains! Don't listen to the haters saying this is stupid or you are going to get eaten alive, I just ordered a pool where are the madlads now?
Hahaha enjoy your pathetic 20% a year this is half of what I am making in a day, umad? 😉
I am a clueless day trader, I don't even know what the SNB is I am just so oblivious it is scary. I have the predictive & risk management abilities of a potato. What my idiotic indicators make sure of is that when the floor is lost (because the SNB is not buying as they announce they're dropping it) I will buy the ultimate loser 100% guarentee, simple logic.
I will be all in and leveraged to the neck when the floor is lost and I won't even know why until days later. "Duh my technical analysis didn't warn". Until then I will close my eyes and ignore those that say you need to use your brain that seems like alot of efforts my broker financed day trading educator told me I could be lazy and not think about several complex outcomes with plenty of variables this is too much for my brain, I'd rather use magical indicators that smart money is not using for whatever reason because they are mad I guess.
With some luck I'll think this is an error and buy even more, and with lots of luck liquidity will dry up and I'll be stuck with 100 leverage. With some luck there is a George Soros around the corner waiting for the floor to be withdrawn to give it another kick down with his billions.
I am about to go from euphoria to absolute despair and a physically painful heart in a few minutes and I have no clue I still have a big smile on my face and I am cockier than ever.
Someone once again told me I was crazy and would regret it and I am just shaking my head, what is wrong with them? What is this? Why is every one screaming get out? Aha they want to buy cheap from me this is why.