TheGoldRoom

TheGoldRoom

got last trade right with that short position, highest golds been in ages so we are more than likely going to see more downward plays before it heads any further, waiting for entry with 30m TF candle momentum, message me to discuss more :)

TheGoldRoom

Seen alot of bullish support at current otz of support and forming a double bottom, waiting for a retest of area before entering long

TheGoldRoom

Seen huge consolidation for the pair over past weeks and we have hit major support again, the pattern will continue its just a matter of when, be patient with entry to minimise sl as much as possible

TheGoldRoom

Right then, can see we have come to a major level of significant resistance and we are seeing bearish pressure as a reaction to it (has been of significance for a while so other people will look to trade this level aswell). If i see alot of bearish pressure i will be entering as other traders will do the same and bring down price in favour

TheGoldRoom

Consolidating for some time, seen alot of short term resistance at current area of volatility and will be looking for next bearish swing to support

TheGoldRoom

Pair: EURCAD Timeframe: 30M Analysis: Trend line, volume profile , support and resistance, trend break, consolidation, ascending triangle pattern ————— Key Takeaway: Been a alot of consolidation between 1.47450-1.47200 and we could finally see a break. Need to look for a close below dynamic support and our trend line and then a retest of these levels before...

TheGoldRoom

Pair: AUDUSD Timeframe: 1H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Seen a great bearish reaction from our dynamic resistance and trend line. Will wait for a good drastic bearish reaction from this level before entering short. ————— Level needed: need a close bellow 0.66660 ————— Trade:...

TheGoldRoom

Pair: GBPCAD Timeframe: 4H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close...

TheGoldRoom

Pair: XAUUSD Timeframe: 1H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, consolidation ————— Key Takeaway: For a full day we have seen the pair consolidate between 2332.8-2326.5 and we havent managed to break either levels. When the pair does we are either looking for a short or long trade depending on the...

TheGoldRoom

Pair: EURJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile , support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Seen price obey to this support trend line for a long time and we are starting to squeeze more and more against dynamic resistance, we are waiting for another bounce off resistance level before...

TheGoldRoom

Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile , support and resistance ————— Key Takeaway: Strong USD after news today, we have seen a fake break out of support and a bullish press upward, we are looking for a re-test of this level before looking for long entries ————— Level needed: need a close by 0.94000 ————— Trade:...

TheGoldRoom

Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile , support and resistance, double top ————— Key Takeaway: Strong USD has brought this pair down today with alot of bearish momentum, we are looking for a break and re-test of support before entering short most probably at the beginning of tomorrows session ————— Level needed:...

TheGoldRoom

Pair: EURUSD Timeframe: 1D , 4H Analysis: Round number level, trend channel, volume profile, support and resistance ————— Key Takeaway: With a strong USD outcome after todays news events, EURUSD showed us resistance and bearish momentum when dynamcix resistance and top of trend channel was hit, we are looking for entries after the next daily candle...

TheGoldRoom

EASY GAINS, caught the fakeout move with our resistance trend line

TheGoldRoom

Pair: EURUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern breakout, triple touch, high bullish steam ————— Key Takeaway: Have broken the top side of this pennant pattern today and area heading up toward dynamic resistance. We are likely to break and push through this level although the...

TheGoldRoom

Pair: EURUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, double bottom ————— Key Takeaway: Price seems to be firmly set on not wanting to break this level of support(dynamic and trend line) forming a double bottome, we are looking for re-tests of this area before entering long ————— Level...

TheGoldRoom

Pair: USDCAD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle ————— Key Takeaway: Mainly bullish for USD but due to strong resistance, this trade could go either way. We are either looking for breaks of resistance trend line or bounce, keep bias open and opinion open for any possibility ...

TheGoldRoom

Pair: GBPUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, pullback ————— Key Takeaway: Breached a very strong level of support toward the end of last week, we saw price pull straight back off it upward, we are looking for potential pullback before potential breaks of these levels of support...