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Zonetrading

AUDNZD Fresh supply & demand ZonesWe are seeing that currently, we placed our fresh major supply and demand zones in our trading pair AUDNZD , It has yet tp be breached with price and hence we have an untouched zone, deemed worthy of being a confirmation for a reversal since our extension area. We are currently in a nuetral position with this trading pair and we are looking to go either long or short based off what price action is going to be telling us.. we have the coordinates on each of my zones, in (AQUA) colour so you can see exactly where my zones are... This will be done with all my supply and demand zone analysis for today only until we exeucte our positions. Watch and wait for either our supply and or demand zone has been Penetrated with price
by Trellz_
XAUUSD Short Trade Idea Intraday SELL LIMITClassic Sell for Gold Now what we see here is COMPRESSION INTO DEMAND. So we see buyers keep buying until price reaches too high for buyers to buy and sellers come into the market. On the 28th of Feb, we saw Gold begin its decline and that is where price is heading to now before it meets its demise and fall once again. Risk to Reward ~6 In my humble opinion, put a sell limit in that zone and forget about it. The SetAndForget Life. Lol. And you can place stoploss at the top of the zone. Apply proper risk manangement if you are taking this trade. This will turn out to be a long term trade eventually but for intraday traders, this trade should suit you well. Just be patient and you will be rewarded. Til we meet again
FOREXCOM:XAUUSDShort
by ricky1270
GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon. If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion. Key Note Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
FX_IDC:XAUUSDEducation
by robdee4x
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range. Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside. The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete. Key Note During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
FX_IDC:XAUUSDEducation
by robdee4x