Austin_Palmer

Austin_Palmer Updated 

Possible long set up on NAS. I'm looking at two points of interest and will monitor price as we trade into these areas for long positions.

Austin_Palmer

Short term dollar strength is evident on the chart, let's see with the economics and geopolitics says in the coming weeks, maybe months.

Austin_Palmer

So Gold played with our emotions. Got taken out at breakeven from all our short positions then NFP came in with a nice sell off. Now we are in short term buys, which may extend to the long term should the supply zone from the NFP sell off not hold.

Austin_Palmer

This is not in anyway a Elliott wave count, so don't bash me. I am waiting for the impulse leg on gold from the demand as market out. May be a while but I alerting you ahead of time where price may be headed from this supply we just tapped into. Speak again when price reaches the area.

Austin_Palmer Updated 

Update on GOLD don't be fooled we are not selling off just yet. Bear trap before the actual sell off

Austin_Palmer Updated 

Hey guys, Looking at XAUUSD today I still maintain a short bias but at a different point of interest due to the building up of liquidity just below the said point of interest. I love that this level lines up with a fibonacci retracement level but we should still be mindful of the geopolitical & economic factors around the dollar and gold. In the meantime I am...

Austin_Palmer

BIAS Looking at XAUUSD on a four-hour chart clearly depicts a downtrend. PRICE ACTION After a sell side liquidity raid and a creation of a lower low on Thursday, 10 January, we saw the market rally to 2062.270 towards an area of supply. After a successful supply of bearish orders price traded lower towards 2001.80 causing a break of the structure low at...

Austin_Palmer

The market went and took liquidity on Thursday going into Friday the market reversed and changed character. We should monitor price as it retraces back into a huge buy zone (last down close candle). There is a lot of noise and no clear sense of direction on the 4H chart even though we did see a change of character. Whenever I see a clear change of character, I...

Austin_Palmer Updated 

After a successful sell off I foresee another possible 1:2 short trade for GOLD. Entries are to be confirmed on the lower time frames during the London sessions, I suggest leave it be tomorrow and see what Monday going into Tuesday does but should tomorrow prove to be a good set up on the lower time frames by all means sell this shxt.

Austin_Palmer Updated 

Possible short trade on NASDAQ coming up. We use our lower timeframe entry models to confirm entries @ specific times of day. We will not enter unless we get the nod to go ahead from the market.

Austin_Palmer Updated 

So I had GOLD being bullish and DXY bearish prior to the break of structure at around 2024.730-is. Price has now retraced 38.20% up into a fair value gap but there is that untapped zone which lines up with the golden level. Since it is way past my entry time frame, I will see what price does tomorrow. However, it is somewhat confusing that DXY was trading lower...

Austin_Palmer

Same as GBPUSD, I’m waiting for that short opportunity. Price is currently trading close to the NFP lows so should the opportunity for a long trade towards my short zone present itself I will not hesitate to put on a small position.

Austin_Palmer

Looking at GU sells as well. Should my lower timeframe entry model present itself for short positions during the LONDON session tomorrow then I am definitely taking shorts on this one.

Austin_Palmer

Hey guys, I got striked down on TradingView for the last upload, where I was bullish on GOLD. I still maintain that position. We had 76.92% of the fundamentals that came out this week be strong, now for those that follow the fundamentals we know what this means in terms of inflation and rate cuts. And we know that rate cuts may see the dollar trading lower....

Austin_Palmer

Hey guys, after seeing price stall & reverse at 2086, I am now looking to see price trade towards 2054.

Austin_Palmer

Hey guys, So I guess that 79% retracement to 1973.02 was sufficient for the bulls to show their horns but the year is coming to a close so trading activity my decrease. Let's see if those horns scare off the bears in the new year. Merry Christmas and Happy New Year folks.

Austin_Palmer

Hey guys, I’ve been looking at gold for some time and took trades in between so I thought I’d share what I’m looking at with you. So technically speaking gold is in a range but looking at the overall move since the new high we are bearish. A CPI induced rejection of the resistance level 1993.518 leads me to believe we could be heading to support level...

Austin_Palmer

Hey guys, Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation. 1988.879 - 1986.404 Potential sell zone (fib retracement) 1975.487 Old high that will probably be violated should CPI drive price lower (take profit one) 1965.467 Old low loads of liquidity resting below from buyers. (Final take profit) 2009.719 In...