updated analysis ...Gold looks like selling for the news...lets see, i'm ready either way
I'm ready to go whichever direction they take...insane chart breakdown...i should go easy on the caffeine lol..Plan the trade, trade the plan!
What you should look for before entry ....each setups ends after when they reach the HOD or LOD.
Potential Buy Setup For gold...Look at my previous post for a more detailed analysis
GU projection, doesn't get clearer than this, Market maker template for the week.
If it Closes above Mondays Opening price, bulls confirmed for next week.
Looks like Gold is respect That support....It Trapped the sellers with that spike two weeks ago and now just a retracement to form the 2nd leg of the W pattern.
How the market reacts to Mondays opening price will determine the trend for next week.
Potential Setup..May not go to last week's LOW...lets react to what the market shows us
We have to constantly be reacting to the information that the market gives us as traders, nothing is 100% certain
Not the setup i was looking for, but this is the potential trade with risk to reward..Just a variation of one of the pattern they create everyday
I'm still think Gold will go bullish later this week or early next week, but i will take this sell opportunity if given the perfect setup. See my previous post for the bigger picture...If you like my work give me a boost, it motivates me to keep posting. CHeers!
On Monday they Trapped sellers in order to complete the pattern. We didn’t get level 3 but instead they gave us a level 2 triple top..I was waiting for the icing on the cake to enter the sell…but they didn’t give it to me, so I missed this the sell opportunity…I will just wait for an entry at the HOD tomorrow after the liquidity grab/ Stop Hunt aka the icing...
I could break this down even more but my chart would be too crowded see my previous analysis to see where i'm coming from with this trade for this week...Like and give me a boost if you like my analysis will motivate me to keep posting in public here. I make these analysis everyday but keep them private.
Check out my previous GU post for bigger picture...my bias is long...like and boost my post if you like my Analysis, keeps me motivated to keep posting here.
update to the bigger bigger i highlighted in the previous post...Waiting to see them raid the stops at the equal lows at todays LOD...or Raid the low at tomorrow's Asian ranges Low...I would prefer to see the latter... as it would be a bigger indicator to buy...as it would show that volume is trapped at today's LOD.
Its been stuck in consolidation for a month now...Had to use the 1hr to show the bigger picture...Will make another post about what i'm looking to see on 15 minute before i enter..
Had to switch to the 1 hour just to show part of the bigger picture..Long bias for this week...GU has been in consolidation for a month now..Will it break out of that range this week with the news on thursday? who knows lol, lets see..Asian range should be for 1/23/24..not 26