With sells still being the primary bias, we can look for sells at 1901 down to a potential 1895 where we may see rejection and price bounce towards the 1920 level. I wouldn't be taking sells during asia session purely down to the fact it's unlikely we have volatility given no news from the US yesterday but anything can happen in these markets.
XU here with another USD correlated setup which of course is showing us a downside bias, but of course we will stay tuned in and see where this really wants to go, overall we are a looking for shorts from to carry on lower into a new range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction....
Depletion of sellers in line with DXY falling, lets see if this minor structure holds for a consolidation breakout
Our favorite playbook setup identified in GOLD with market correlation backing it up. Lets see what happens!
Last setup of the night we can see dollar slowly taking over the market and can try to capitalize using Gold breakout setup
Have identified break and retest setup occurring in gold at the moment that DXY seems to want to rebound. All requirements met for Reversal and B&R playbook setups. Lets find out what happens
Beautiful B&R setup occurring as we speak in gold and we are entering on an inside bar break down. Lets see what happens
Asia has given us a reversal setup right out the play book! All criteria met = higher probabilities :) Going for at least 2R
This London session has provided a beautiful setup in Gold as it seems to want to continue its push up. Classified officially as our B&R playbook trade but it could also be a breakout trade had we entered on the big bullish candle. Anyways on we go, lets see what happens
London starts off with USD picking up strength and XAUUSD plays into this with our reversal setup presented. Momentum shift used to take entry. Lets see how it plays out.
Dollar still seems weak this session and XAUUSD has generated a classic break and retest with inside bars being broken
Gold has broken a couple downtrend lines, and now seems to be supported by resistance turned support based on inside bar break up. Lets see how NY behaves
1hr timeframe, break either way gives you around a 1:4. I'd personally take 1% risk on the initial candle closure above, and save 1% incase of a retest and get a better RR.
Clear descending channel here on gold. 1850 area represents a very strong area of interest and how price reacts there will give great swing trades in either direction
We have to wait price to form a decent price structure. 1- Bounce from PRZ 2- Fast move under our level " Local HIGH"
It is a sell signal for me but this is not an investment advice of course