Jaytrader1994

Jaytrader1994

Entry was made at 2521 once I received confirmation of 4 HR candle closure rejection from 2528 area. We are getting to the tighter portion of the rising wedge formation. I have set a max TP of 2500 but my SL will be trailing by 40 pips starting now. This is still a risky trade due to being taken against the trend but the rejection we just had at the 2528 level was...

Jaytrader1994

We’re observing a semi-rising wedge formation on the 4-hour timeframe, with the market potentially moving up to the 2530 level. This will help us determine whether the bullish trend will continue or if we might see a rejection. Should the market reject at 2530 and drop below 2510, we could see a significant downward push. Conversely, if Gold rejects from the...

Jaytrader1994

I plan to sell within the 2335-2342 range due to significant resistance observed across multiple time frames. I do not anticipate Gold surpassing these levels. However, if it does, there is a chance it could rise to the 2380 area before experiencing another decline. Here is my detailed trading breakdown: Sell around 2335-2342 SL 2344 TP OPEN

Jaytrader1994 Updated 

From what we saw before the market close on Gold, it has become clear that the 2287-2277 Level will be a strong Support Zone for Gold. We also see a clear breakout from our current uptrend, which could potentially retest and then break down further from the 2303-2307 Resistance Zone shown on the 5m timeframe, or, more likely, from the 2314-2320 Resistance Zone...