if you look at my previous post i drew up for gold. This is the exact move i predicted gold to make. Price to create a fake-out and break Mondays high. Run down to from the Monday high to the mid-major line. (22.5) sheeesh executed beautifully. learning how to balance trading these pairs.
Price is on a overall bear trend. It's currently consolidating on the mid-major level of 1750.0. Price has a high chance of a bear continuation to the 1700.0 major level. Since most trader recognize the obvious bear. Price may create a fake-out to go above MON. high to clear SLs and continue down.
wassgood family, GJ is on the run one again. I started on the higher time frame per usual and scaled down. Because the higher the time frame the better the reading, but the lower the time frame the better the entry. I noticed a respected bullish trend line was created and I identified well respected supports and resistances. I believe price is going to fill out...
I believe this buy order will take place. I'm not sure if NFP might stir price differently.
Morning fam! It's a good day to have a good day! I believe gold is going to retest the trendline that you will notice on the 4hr time frame. I marked out the all the TPs from 1-3 based on previous structure. Since the market opened price has been going up. Price has broken structure and reached the same high it reached before causing consolidation. The candles...
Gold is still in a consolidation period. Currently price is sitting above the middle rage of the week. Bloomberg informed me gold is pos., but the news itself was neg. Structure price is sitting on right now was a previous resistance. As you can see now it's a support.
Wassgood! I'm sharing this imbalance infill with you guys. -On the 4hr it's in an overall uptrend. -Scale down to 1hr you notice it has to hit the EMA 200 to continue up. * It's in a overall consolidation. - It's just above the key level (1800). We will see. -Bri
Hey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good. My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under...