XAUUSD Gold 1h buy setupCurently 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.
Xauusdlongs
XAUUSD Gold buy limit scalpsLooking 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 purposes as I practice this concept.
XAUUSD Gold 1h updateLooking at the 1hour timeframe the level we marked out 4h ago in the linked idea below was pretty much perfect, from here we can expect to see price retest the top of the range and if we're lucky, we may see a breakout to the upside so that we can get entries on buys.
XAUUSD 1h analysis - potential buy opportunityLooking at Gold on the 1hour halfway through the current 4 hour candle, we can see price is rejecting the range we have highlighted.
Should price close above 1966, if price creates a bottom wick touching the 1963 and below level, before moving back up and breaking it's own highs above 1966 we can take buys immediately based on the fact we have closed above a key level, grabbed liquidity and have the volatility to continue the move up.
Should this play out I will be taking a trade at normal risk of 1-2% with stops below the most logical recent lows.
GOLD-Spot: Bullish Fakey Setup |23-3-22GOLD – SPOT: Potential Multi-Bar Bullish Fakey Setup
Price Action: Price formed a potential Multi-Bar Bullish Fakey Setup, overnight.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, mid-last week
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current potential Multi-Bar Bullish Fakey Setup, with risk management below the Fakey Bar.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a price action signal on a daily, 4 hourly, or 1 hourly chart, at or just above the $1853 – $1877 short-term support area.
XAUUSD to fly to 1847.34 🚀🤑Gold has been very bullish since we reached our demand 4hr zone 1780 a week ago. Now this XAUUSD is in a bullish trend, we've seen price break the structure of lower highs and trapping buyers early, on that pullback to retest support level 1825, which is also the level where the break of structure previously happened a few weeks back 1825.
Proof of this, is my 16.8 fib extension golden zone, which is sitting exactly on that support zone 1825, our BOS level too. Waiting for price to drop a bit more, then will enter for buy to our 4hr supply level.
Happy pip-holic!
XAUUSD GOLD BUYLooking at this potential set-up in the coming hours, price looks like it may retest the recent lows before creating a new high.
ADP and NFP means volatility all week so small positions as always!
