BM_ForexTrader

BM_ForexTrader

Price has been trapped in a huge range on the 4H structure and we will have to wait for clear direction once price breaks out or alternatively we can take advantage of the range and trade it (i don't advice it) if we can see a break of 1.26949 and close below we could potentially look for sells

BM_ForexTrader

Waiting for the dollar index to break the range either up or down which will then give us a clear direction. Dollar uncertainty makes GU and Gold unclear too so rather just wait for break and rest of either level

BM_ForexTrader

Gold gave us a double top on a Daily TF .scaling down to H4 we see a bearish behaviour and we have to wait for structure (lower high) to form then enter sells

BM_ForexTrader

Gj bulls stepping in ?wait for price to correct the push phase ,creating a higher low . Then scale down for bullish confirmation

BM_ForexTrader

Waiting for GU to pull correct the push phase and look for bearish continuation at the key level on the down trendline giving us a 3rd touch for possible sell

BM_ForexTrader

Bearish structure, price showing bearish continuation. 1h chart we have a break of structure and price is currently consolidating ,a break of 179.546 will suggest a continuation of the bears

BM_ForexTrader

Bearish beahviour and we have a 1h momentum candle from the double top. Price will possibly push to 2055.00 next week?

BM_ForexTrader

Gold update from start of the week, targets reached 2080.00 level

BM_ForexTrader

Will price reach 2085.00 ? Currently bullish behaviour ...wait for price to create a higher low and scale

BM_ForexTrader

Triple bottom ,wait for bullish market structure formation

BM_ForexTrader

A hold of the 1.267 level and depletion of bears with bulls showing momentum we might potentially reach the previous high printed in with the bearish dollar index

BM_ForexTrader

A strong push from the lower higher would suggest bears are in control and should expect a bearish continuation

BM_ForexTrader

I see a short on oil inline with the negative correlation of gold. A pull back to the neckline of the double top and signs of bulls depleting bears stepping

BM_ForexTrader

Waiting for pull back either 50% retracement or into that key level and scale down for buying opportunities

BM_ForexTrader

Monitored the pull back on the dollar index last week .if we do break the first level and testing we might see more shorts . Are we preparing for a NFP shorts on USD/XXX pairs?

BM_ForexTrader

This is a technical analysis that could be inflicted by upcoming FED news, so gold tends to get rangy before such big events. Look out for those 2 price levels, price can go either way or we experience a whip-saw.