XU is still sitting in a clear bullish higher timeframe bias but we have pulled back as we stated last week, the higher timeframe tells us we are going bullish and we have a nice clear pullback after a push to the upside, this now opens things up for a nice push to the next ATH remember we opened up a new demand, so from here bullish is likely! BUT we can drop...
Looking at sells based on price creating a top wick fakeout and then moving back down, we will see what happens but this is what I am looking for
Gold is at a crucial point after weeks of consolidation in the 2300's, with this resistance and support being respected so often in the past and now with the new monthly, quarterly and half yearly, we can anticipate this move being the creation of a top wick for price to move down.
The gold chart here shows a similar outlook to what we had last week. We played off the area of supply we marked, selling off nicely into the lower end of the range. After taking the liquidity across the lows, we saw a strong pullback with a large area of imbalance created, indicating upward momentum. However, it's important to remember that the overall ranges are...
Looking for a similar trade set up to the one we had during london session, we missed out on that one due to no top wick forming however with the new 4h candle opening there is a strong chance we see Gold push down further to recent support.
Looking for sells on gold based on the hourly timeframe - the whole point of the play is that we want to see a liqudity grab up first, once we have that we can look for sells on the BREAK OF THE LOWS! We should ONLY take a sell in this scenario otherwise we risk price going for ATH again causing us to take a bigger loss. Stop loss will be at ATH
With price currently in a bearish trend on the daily timeframe I am personally looking for buys here. It has been an aggressive sell off so far this week, I am expecting price to go back up and retest the 2050 levels and looking to get a piece of the action on the way up.
Gold is in a monstrously bullish range and we had two different bullish scenarios line up for us last week on this pet following into the week coming we are looking to target the swing high and continue this overall bullish directional move of course being aware that a pullback is probable so we will be looking towards the highlighted lows and the unmitigated POI...
Gold sitting within a unconfirmed bearish range was still looking for a swinglow to be created for this range to be validated overall I am expecting price to shift bullish again as fundamentally gold is bullish and this is the first bearish range within an overall bullish delivery within market. Until we have a break of the swing high though we will continue to...
Gold giving us more bearish price action from last week we had a one bullish range which continued into a bearish order flow which we expected to happen we've now moved lower and we're expecting price to continue bearish into the beginning of this week with a midweek pullback which we will be keeping track of to possibly capitalise on buys overall we are still...
Our final markup for this week with our major pairs is of course gold last week we called the Longs from pretty much the low Of Thursday we had a beautiful expansion across Friday session hitting our targets and exceeding them as it stands we've built a lot of liquidity within both sides of the market we did not establish our swing high meaning that this range has...
Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now...
XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range. firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we...
XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher. Remember to always read order flow and follow what price is showing you instead of...
This past weekend I drew these channels out stating we had tapped a key level of support as well as the bottom of both channels. An anticipation for price to break out, retest it and move towards the upper band/limit of the bigger channel. As it stands, that is exactly how price played out which indicates a bullish swing in price. HOWEVER The current daily...
With the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for...
As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle...
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...