Not_Your_Guru

Not_Your_Guru

Timeframe: 30 minutes This chart displays the current market sentiment for Gold against the US Dollar (XAU/USD) using the 30-minute timeframe. The analysis highlights a potential bearish trend following a period of consolidation. Current Market Price: The market is trading around $2,460.56, showing some indecision after a sharp upward move. Resistance Levels:...

Not_Your_Guru

From the weekly chart we see a market that is on a major resistance level as the week closes. in the 4H timeframe we see their was presence of an impulsive move to the down side indicating their is presence of alot of selling pressure. what do I think ? 1. I think market will retrace back to around 191.278 using our rules of impulses where we introduce the...

Not_Your_Guru

As we had analyzed last week, market hit our TP and this week we expect market to break that TP and retest it for us to continue our Sell Entry giving us a new ; TP 1 - 2131.11

Not_Your_Guru

As we see market broke our support level impulsively, where we shall pull out our Fibonacci Retracement tool expecting retests on levels which also align well with out former support now resistance level. We need to see a weak retest on those levels( loss of momentum of the buying candles ) to confirm our sell positions giving us our; TP 1 - 1.08549

Not_Your_Guru Updated 

As we see market has reached a major resistance level, and its evidently retesting and failing to break that level. when we drop to the M15 Chart it is more visible and if market breaks our support level then we expect a retest on the same level for us to enter our sell entries BUT if market breaks the level we can see it heading around 162.565 level to grab more...

Not_Your_Guru Updated 

As we saw last week their was alot of buying pressure, with GOLD not respecting any of the technicals. we expect selling push for the week in correlation with the DXY Trying to gain some momentum If our analysis is respected minor resistance level is broken, on the retest to that level we will be taking our Sell Entries giving us TP's; TP 1 - 2159.78 TP 2 - 2137.64

Not_Your_Guru Updated 

As we saw last week their was alot of Selling pressure, with JPY not respecting any of the technicals. we expect Buying push for the week in correlation with the DXY Trying to gain some momentum If our analysis is respected minor resistance level is broken, on the retest to that level we will be taking our Buy Entries giving us TP's; TP 1 - 147.711 TP 2 - 148.295

Not_Your_Guru

We can expect some buying pressure for the US dollar index, which means pairs with the US Dollar will be expecting significate changes. XAUUSD,USDJPY, personally I am looking at these 2 for the week

Not_Your_Guru

With NFP News coming in today we can see a start of a down Trend as indicated. If market respects our levels we can drop down to the lower timeframes (M15, M5) to get much better sell entries using Market structure. Day TP 1 - 2130.78 , TP 2 - 2116.35 Swing TP - 2079.78

Not_Your_Guru

We Can Expect Market to move abit up to grab liquidity before going for the sell TP 1 - 1.08522 Otherwise if Market Breaks Above our Resistance Line then, we can expecgt it to move to Level - 1.10251 as our swing TP

Not_Your_Guru

We can see Market Push down to grab liquidity before it takes on our Buy idea lets watch in the small timeframes (M5,M15) to get better Entry Points giving us; TP 1 - 149.322 And market manages to break above our TP 1 then on the retracement TP 2 - 150.553

Not_Your_Guru Updated 

As we see market hit an all time High/ Major Support level which means market has to go to the down side. With NFP news Coming in on Friday, we can expect market to head down hitting the untested levels. Lets wait for Our sell structures like M, LH/LL to confirm our entry TP 1 - 2116.35 TP 2 - 2079.78

Not_Your_Guru

We seeing market hit a major Resistance level, with its recent volatile movements to the up side. Waiting for sell confirmation for entry to TP1 - 2091.16 AND TP2 - 2076.80

Not_Your_Guru

As we see market has reached a major resistance level which can ush market to the down side, lets watch out for SELL structures (DOuble tops, M) to confirm our SELL ENTRY OR If market breaks strongly above our resistance level then on the retest of that former Resistance turned support, we take up our Buy Entries

Not_Your_Guru

We still looking for Sell opportunities as we watch market hit a Major Resistance level On The Other Hand As I said yesterday if market manages to break above the resistance level we looking for Buy Opportunities

Not_Your_Guru

As we watch the market, our Sell Idea for the week still stands

Not_Your_Guru

We see market Hitting a major High( Major resistance level), we looking for Sell setups like M, double tops in the lower Timeframes to make our entries

Not_Your_Guru

Seeing Our M- structure, market breaks the neckline and we expect a retest to the neckline ( referring the the M-Structure rules) to confirm our Sell Entries