According to the provided chart on the 1H , we can now clearly see gold is forming some sort of an ascending channel and has broke its previous high resistance zone at 2480-2484.75. It has found support once on the previous resistance turning it likely to be our next support level. The price has now also move above the structure gray zone (2502-2509) ,giving more...
With price rising higher and the volume dropping , its clear we are in a sort of retracement cos of volume failing to rise with price so im now looking for short entries . with SL at around 1.22700 and TP at 1.21288 with RR of 1:2.
#VSA
#LowVolume#RisingPrice
DISCLAIMER : results are not gauranteed , just posts for sharing purposes.
With DXY on the support zone at 103.529 and 103.788 , now looking for a push upwards reaching the structure levels marked in blue as TP with SL below the support zone at 103.500.....
DISCLAIMER just my thoughts on the markets ... results may not be guaranteed.
With falling wedge pattern forming the 15Min chart and the market consolidating in the demand area at 101.529 and 101.709 with the confluence structure level at 101.584 . I will be looking to take some Long entries of this area with SL just below the demand area and TP close to the top of the wedge at 102.400..
With the dollar forming a wedge pattern on the 15Min chart and its sort of consolidation in the demand zone at 101.529 and 101.709 with the confluence of a structure level at 101.584 , I'm basically looking to get some Long entries in with SL just below the demand zone and TP close to the previous high at 102.400...
Looking at the dollar reaching the 1Month Demand Zone at 101.049 and 103.108, im now looking for some bullish rejection in the zone. if it does reject the sellers at this area , i will then look to to go Long with SL at 100.050 around the yellow structure level and TP close to the 50% fib retracement area is which at around 107.226 and 108.437.
PS: MARKET IS IN A...
With the dollar beaking out of the trendline reaching my red resistance zone at 103.436 and 102.567 . And with the rapid pullback to my blue support zone at 101.911 and 102.000 , I'm now looking to take Long entry with SL at 101.680 and TP at 102.798.
Ps: If the Dollar respects the setup , I'm taking a second LONG entry after reaching resistance level at 102.865...
With the Dollar breaking structure (blue area marked) at 101.844 and 101.898 , now looking for it to create some support on the structure level . After confirmation of a candlestick pattern in the structure area im looking to go long to the next structure level (red area marked) which is around 102.436 and 102.567 with SL.
IS IT TIME FOR THE DOLLAR FOR A DEEP...
After being rejected in my bottom support zone with two long wicks and again on my BLUE moving average with bullish candle . I'm now looking to go long to my next resistance area as TAKE PROFIT which around 1.23789 and 1.24051 with STOP LOSS at 1.22315 or 1.22136...?!!
Good looking Gold with chances of selling it of because of the second touch resistance at 1826.95. So I think according to the analysis it might drop to 1813.06..
At level 1834.36 and 1826.90 was the highest since 3 Sept 2021 and never went back to test that area of support so it still remain a weak level . With H4 Fibonacci golden zone(the big blue zone) that acts as a strong level of support and resistance it's like for the market to push to the upside reaching level 1826.90 and or 1834.36...
