Gold Buy scalp Bought 1826.8, Stop loss 1825.5, TP 1832
Bearish Bat on 1hr Timeframe, Potential short zone 1816-1818. Invalid above 1820.5 TP areas have been marked. End of year into New year, expect volatility . Manage risk and Use stop loss accordingly.
Intraday scalp buy: Potential buy from 1804-1805, Targeting 1810, 1814, 1717 Sl can be 1802
According to the Fib, Gold has retraced back to some key areas such as .5 and potentially retrace higher to 0.618 and 0.786. The Retracement and the extension levels has been marked. Key Levels for the chart: -1850 -1844 -1829-1834 -1818 -1798 -1777 -1760 -1752 -1744 -1722 -1680
US30 has reached a key level, Rejection here could see a big fall. Break up could result in a breakout hence the good RR on the short here. Key levels : - 35600 - 35197 Tp's and sl has been marked. This is not a financial Advice
Fed Rate + Fed conference has send the price from 1753 to 1780. I am still bearish, I believe the buy was to trap buyers, Potential sl hunt above 1784 also feasible. Looking to sell. Profit areas are marked. Invalid above 1799 Not Financial Advice.
The break of the level 1757-62 can result in the price of XAUUSD falling into the 1740s, further break can lead to 1730s or even lower. A lot of liquidity below 1762. Bullish sentiment is very high. Most broker sentiments shows 70% + clients being net long vs 20-30% net short, as well as change in percent of 17-22% from sell sentiment to buy sentiment this week....
Expecting a bearish gold move after nfp. With targets of 1761, 1759, 1755 ,1744. However, hold of the area 1757-1761 can result in buyers stepping in. Potential short area 1771-1774 if broken then 1777-1781 area can be tried. Invalid above 1788
Bearish Gold scenario - Target 1722, 1707, 1680, 1620, 1580 Made this for fun - Not a financial advice
1850 Psychological support (FAKE FLOOR) , rejection here to target 59. (GAP at 1872 also) This are will be broken in the following days, but for today, it can be bought to tp 59. Invalid below 47
Potential short if the area of 77-78 holds, Tp 1 68, 63, 58. Reason: 50% retracement area Resistance New high Bear Div Invalid above 79, Will not try to short till 1900
Potential Downwards move from here. 1872-75 can also be visited however, Looks bearish, invalid above 1890. Reason: -DXY above daily Resistance -Bear Divergence on Weekly TF (Gold) -Buy stop Liquidity, as mentioned at the start of the week. -Bearish Butterfly on daily. Current Support 1835, 1821, 1798. Can be used as TP. Below 1780 Heavy Bear. BSL - Buy Stop...
DXY can be seen following a Triangle pattern. Potential breakout or range between in the triangle, however a breakout would cause divergence or high time frames
Potential downside move towards 1747, 1738 from the range of 1792-96. - Rejection of Daily EMA (1796) - Bearish Gartley completion range 92-96 - Invalidation above 1803.9
Gold can Potentially have a downside move towards 1747, 1738, 1717, 1707. Potential shorting area, 1772-1776 if failed 1779-1784 range can be next area to short. - Rejection of Daily EMA (1796) - Weekly Close below 1770 ( Monthly Pivot, Strong resistance) - Candle Patterns, Strong Bearish reversal Invalid if price moves above 1790-1800 Not a financial advice
-Area to watch 1869-75, Break below would indicate the breaking of the bullish structure (trendline from 1680), The holding of the area would result in the revisiting of 1890 with a possibility of 1900. -Bias towards short however, data from Inflation Rate YoY and Core Inflation Rate YoY could invalid the short bias. -Possible downside targets 1875, 1866, 1858,...
Gold weekly chart gives us a clear visualisation of the bigger picture after an aggressive bullish trend that lasted for months, the price has finally reached its all time high at $2075.282 printing the August 2020 monthly candle as a spinning top that signalled a trend change in this case, which is the current downtrend. The price made another aggressive bullish...
Possible Silver long due to the presence of the harmonic Cypher pattern. Key thing to watch for, the rejection the EMAs. Targets has been marked as small white lines. Stop loss to put in place accordingly. This is not a financial advice, enter at your own risk.