Is it Gold correcting? Gold prices hit record high above 3,050 USD as Fed maintains rate cut outlook by benefiting from a softer dollar as the Federal Reserve still signaled at least two more interest rate cuts this year. And also benefiting from heightened safe haven demand due to the collapse of the Israel-Hamas ceasefire, sluggish Russia-Ukraine peace...
The following are my reasons to buy: * Bull Trend; * Price is seating at a strong support between 2.882,46 - 2,890 levels following with wick rejections on H4; * Price is above 50 on RSI; * On the LTF (30min) the price crossed up on MACD ; * USA yields are pushing lower, since Gold is a safe heaven, it will tend to go up.
So far the overall movement of US30 is bearish. Price might be heading to the HTF LH, meaning that the current bullish trend is because price is reaching for the HTF LH and until it breaks it then the overall bearish trend will be broken. I'm trading the bull run on the LTFs. Predicted movements: wave 1, 2 and 3
Simply following the market structure. - OB - Choch - BOS - Liquidity (Very late entry) I am bearish until the price reaches the monthly buy zone
As seen. I am overall bullish. So I follow what the market says. I see: - Choch in favor of bulls - Liquidity to be taken in favor of bulls - FVG to be filled - OB in favor of bulls I predict: - Movement (1), (2) or (3): Movement (1): Market will take on liquidity (2), fill the FVG and/or reach until the OB to continue rising. Movement (2): Price will take on...
Price broke the previous LL and retraced. I´m shorting because the price is respecting the strong resistance.
Linked to my previous post. I am caught the sell and I´m into the buy now.
By following the bearish trend. I am still looking for shorts, since price keeps breaking Lower Lows. - DXY keeps dropping with China´s Yuan strenghting , reason why I´m still looking at shorts. with Gold also strenghting. - Altho US Bonds are dropping and Stocks rallying, but US dollar keeps struggling to recover. - I am waiting for price to respect my demand...
Overall trend: Bullish - The previous daily candle closed as a Bullish Engulfing - Breakout & Retest - Liquidity to the buy side - Price is respecting the strong support zone.
Please follow my video analysis to start the week on GBPUSD.
US30 keeps on its downtrend. Looking for a retracement today (Monday 13/03/2023) Regarding on how my market closes today monday, next day Tuesay, I will open sells.
Following simple market structure; - Price broke the Daily trendline - Currently watching the price which is in a support zone. Where the price been consolidating. - I´m watching closely to see what the market will do. ATT: Strong news release FOMC at 8:00pm (GMT+1)
XAU/USD - Being on a bearish trend, in the H4. - H1 analysis and execution, I will be shorting if the price breaks my support zone. Which is been holding the price for the past days.
Simple following market structure: -Weekly chart there is a formation of a bearish tweezer top, wanting on candle close. -Daily the previous candle isa bearish engulfing candle -Breakout and retest H1 * If it breaks my major Weekly zone (orange box) I will keep my bearish bias * If the price fails to break the weekly key zone (orange box) I will look to buy....
Note that this analysis is my study on US30. Analyse Type: Market Structure - W bullish pattern w/ previous HH has target (H4) - BOS entry point (H4) - BOS buy after engulfing candle (H3)
If the price breaks the support I will be selling. If price fails to break we looking into buys. On the HTF I see a retracement starting overall bias is bullish.