GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
Sellzone
USD/JPY: 12/05. Bear attack, ENTRY SELLUSD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low.
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home. OANDA:USDJPY
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!
Long/Buy Some SSVUSDT /The currency has reached very strong resistance points, and after it is tested, we will see a rapid rise
Note:
We may see a strong liquidation movement as usual, after which the price returns to normal, so there is no need to worry about such movements
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Long/Buy Some SSVUSDT
Entry: 34.29 up to 35.24
Sell:
T1 -- 39.08 (12%)
T2 -- 40.82 (17%)
T3 -- 43.29 (24%)
Sl: 33.39 close under this price / 1h or 4h /
good luck
Seeing a Sell of Coming on DOWWill be taking sell positions once my sell zone triggers. Over all target will be 31,500. But will take 80% off at the weekly low.
GOLD BUY AND SELL SETUPSIn this chart I went ahead and marked up some setups for buys and sells on Gold. Visit my profile and click on my profile for full video explanation.
Make sure you guys wait for confirmation before entering the trade. Just because it got to our POI point of interest does not mean we enter right away.
his lookWe present the analysis in daily time, so note that the time to reach the goal is longer. Considering the recent growth, we are witnessing a correction, considering the divergence and the new bottom, we can expect to reach the set goal
⚠️ This Analysis will be updated ...
👤 Banipal : @hosseinbakrani
📅 02.23.2023
⚠️(DYOR)
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Aggressive Shorting Opportunity within the Sell ZoneAn aggressive shorting opportunity present itself within the sell zone.
Shorting is consider trend trading in this trading setup, so why does it consider as aggressive?
That is because the market is now traded on the tip of the box. It presents the Best Profit Factor(Reward:Risk) but in the most risky setup(very close in breaking the Sell Zone).
One can choose to stay out of the trade.
US30 SELLI'm currently in a us30 Sell
Reasons:
-There is huge gap that needs to be filled in the 33900s area (market exhales and inhales to balance itself out)
-I've noticed buying pressure has lost momentum for about 7.5 hours since the rise that took place new york session
-1min has broken price structure along with 20, 50 and 200 ema crossing paths (usually happens we are about to change direction)
-Price is rejecting the current 4hr, 1hr, 30min Resistance
I shorted this baby without telling my VIPs!These are Class C- trades. I design a Class system to differentiate trading setups and their value.
Indeed, I do not trade Class C most of the time, but I do trade them occasionally.
Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it?
Boredom? Maybe
Like to earn some money? Maybe
Seek Trill? NO WAY
Trill seeking I'll do over my PlayStation, VR headset(wishlist) or Casino.
I treat trading as a profession, not gambling!