Jidaye

Jidaye Updated 

I've been taking a look at the gold chart maybe twice yesterday and another time today, and I think I may have missed a very important point of interest. Seeing the chart, there are many confluences including 0.236 of current range also being the current breakdown region, as well as the 0.236 of the previous range corroborating with an order block at the prior...

Jidaye

An interesting past couple of days, gold running mega high and dumping, catching many off guard, but also according to many plans, it sure wasn't my plan, however, it's time to adapt. I'm looking for a potential short as we have lost a critical support zone of the higher high range. What was once the good buy zone now turns into the good short zone, I am using...

Jidaye Updated 

Having failed the second long entry, it is becoming apparent to me that the likelihood of some more downside may be on the horizon. We have lost the low created before making the higher high, therefore, the character has shifted to a corrective state. Short term, I am looking for support to find itself around our current area, heading towards the 0.236 of the...

Jidaye Updated 

Gold has broken the 0.236 continuation level, meaning, we can expect a reaction at the 0.618 with my first take profit region being the 0.236, and then hopefully we can continue momentum for higher highs.

Jidaye Updated 

Gold has recently experienced some explosive moves to the upside, and much like gold has done in pst, when exploding, it explodes further, and the highest probable area for a reaction to continue is the 0.236. XAU/USD has already shown some support at the 0.236 adding to my confidence of the continuation. However, if Gold does break the 0.236, we can expect to...

Jidaye Updated 

EUR/USD has more or less be up and to the right since the 26th of July, is there an end in sight? We are heading towards some hard-to-miss supply zones specifically sitting in 12H wicks of our original breakdown region at 1.08953, which is our target for the Euro which then I expect some hard resistance. On the RSI on the 12H it’s hard not to see the lingering...

Jidaye Updated 

XAU/USD faced some strong upwards momentum over the past day, strongly influenced by TVC:DXY tremendous drop (will cover DXY analysis in next idea). Although I was seeking a short at range highs (which provided clear resistance), momentum was quite strong and RSI tells me no sign of stoppage on the 12H. For now, we ride trend till the end, the more i trade the...

Jidaye

Managing to secure a nice entry and capitalise fully of Gold's recent up move, it's important to note the next potential scenarios to position ourselves for. We are running close to XAU/USD current ATH which we can expect some resistance, or none whatsoever as per Gold's frequent history of catching many off guard. Therefore, there are two areas of interest I...

Jidaye Updated 

Looking for a support/resistance flip on Gold, we’ve placed our entries at that flip area along with a wick Area of Interest sitting at 2357. Stops are sat below gaps and another 4H wick as protection. We are aiming to reach the gap created at around 2420, which from there I will most likely enter a short to hedge my long, in the case we reject and move to the...

Jidaye

Taking a Quick Look at the 12H DXY, we can see that we are printing hidden bearish divergence, along with that we are making our way to a supply zone sitting at 105.3 , both of these factors being considered, we could see a rejection at the supply zone and a continuation to the demand zone at 104.4. Overall, I’m expecting some upside for DXY followed by some...