Freddy_88
1. Price has created a strong daily bullish CHoCH closing above our BB + Breakout zone with a bullish engulfing candle. I will monitor our daily SBR zone at 2730-2738 for potential sells. However, if price were to break above this zone with a closure above previous structure high at 2743, we will likely see ATH again. 2. Potential sells if we see a bearish...
Fundamental Analysis: Although DXY has been continuing its strong bullish momentum propelled by fears of rising inflation as well as an improved jobs market, economist are fearing a potential collapse of the US economy with rising debts reaching its ceiling. Markets are shifting to gold to act as a safe haven for investment as investors are awaiting the results...
Our fundamental analysis is bullish for gold, thus i will be mainly focusing on buys next week. The key level to focus would be our previous H1 FVG + Resistance level at 2339-2343.5. If price rejects this level, we could see a bearish pullback back into our range to collect more liquidity. However, if price breaks above this zone, we could see a bullish breakout...
Monitoring our H4 flip zone on monday opening as a pivotal zone. If price holds this level (2332-2326), we can see a potential bullish pullback towards our h1 resistance + breakout zone at (2351-2355.5). However, if we have a bearishh engulfing closure below this zone, we can monitor for breakout sells to target our liquidity zone + bullish engulfing at...