AhteerS

AhteerS

Gold fell quite a bit today, it has formed a bearish cypher on lower timeframes. Price rejected beautifully from the resistance zone of 3249-3246, which also coincides with .786 fib level. It very clearly visible on 1, 3, 5 min timeframes. Price is currently at support zone (3234.5-3231.5) as well as trend line support. If and when this level breaks down and...

AhteerS

Gold looks almost ready to breakout of the triangle that formed over the last week. As of now, chart's looking bullish, price tried to break out of the upper channel several times on lower TF. But, technicals seem to indicate a bearish move considering divergence on RSI and Fibs. So, I am flat until it chooses a clear direction. Once I find an entry, upon on...

AhteerS Updated 

Gold rejected from supply zone/order block from yesterday and has formed a lower low this morning. If we go by ICT we are going back to 22xx from here. I have entered a short once the previous low was broken at around 2324.5. Plan is to exit in parts based on support levels below and Fibs. With news and wars making markets extremely volatile I entered the trade...

AhteerS Updated 

XAUUSD broke out of the Falling Wedge and completed a successful retest, which would make this a great long opportunity given all the conditions right now. * 30 mins just completed with an engulfing candle which bounced off of a demand zone. * Broke out of a falling wedge and retested. * RSI bullish divergence. * Price yet to retest the lower line of channel, it...

AhteerS Updated 

XAUUSD has been forming a falling wedge which is visible on TFs 3hrs and below. My idea was to take a long entry after the CHoCH at 2299.98 with TP at of 2312.96 which is the1st level of resistance and also trend line of the wedge, this gives us 1:1.5 R:R with stops at the recent swing low 2291.32. There is also bullish divergence on RSI on the aforementioned...

AhteerS Updated 

Raising wedge formed on 15 mins timeframe. If the price rejects 2030 and closes below trend line, after successful retest of the same we can enter a short trade below 2028 with a target of 2020-2018.

AhteerS Updated 

Raising wedge forming on 15mins TF. Current price level is also a channel resistance. If price rejects from current level, we would possibly see it around 2011.5-2010.

AhteerS Updated 

Please follow risk management and maintain position size as market is volatile. Raising wedge formation on 15 mins time frame with RSI divergence. Structure yet to breakdown. Can enter the trade once price breaks below the trend line and a successful retest around 2003, with 1982 as Target and 2010 as SL. This would be a 1:3 R:R trade(approx.) if all goes in...

AhteerS Updated 

Price rejected from the channel line and 200 MA on 1 hour timeframe. We can see bearish divergences forming on Volume and RSI. If the trend continues with similar volume we could see gold touch trend line resistance at 1980-1979 USD and expect a slight rebound.

AhteerS Updated 

Falling Wedge pattern formation can be seen on GOLD chart 15 mins TF. If the trend continues with enough volume XAUUSD could reach 2003, by breaking todays high of 2000 USD.

AhteerS Updated 

Bullish Pennant on 15 mins time frame. If we successfully break out of this structure with enough volume, we would possibly see GOLD reach 2007-2008 levels. We can enter the trade after successful retest of the upper line post breakout at above 2000 with 2007 as Target and 1996.5 as SL.