1. Overall bullish senario! 2. 30min support formed 3. Once the next 30min made a wick down, I executed buys!! 4. SL was placed below the previous 30min wick low!! 5. Closed 80% with +20pips 6. Rest I let it run to the TP!!
Currently Gold is in a tight range and also looking left it is a 4hr strong zone where gold is now For me to execute any orders, I would wait for a potential break and close of the candle above the resistance for buy orders and break and close below the support for sell orders.
Looking for Gold buys once a strong bullish candle closes above the current resistance, also need to keep in mind that we have strong Key Economic event today The NFP!!
This is the quick and simple analysis on gold! I feel we might see a bit of pullback this week till the NFP, also last Friday gold moved a lot.!
Price is in range currently, waiting for them to either break and close above the resistance or support for me to take trade!
Waited for the candle to close below the marked resistance and once the 30min candle closed below, entered sells with SL above the previous 30min candle wick high and secure full position at 40 pips.
Overall, gold is in a bearish trend on a weekly and monthly basis, but for the intraday, I am looking for both short and long positions, depending on how the intraday structure develops. But first, I've marked some simple analysis and will make my trades based on it.
1. GBPJPY has broken its previous daily high, indicating large bullish pressure! 2. Entered longs once the pre London price closed above my marked resistance at 162.600. 3. Entered longs during London Open when the 1hr candle formed lower wick to grab liquidity. 4. SL was placed below the previous low of 1hr candle. 5. Target the next 1hr resistance (163.471).
Amazing sells workedout pre London pushed 40 pips.
1. Impulse entry longs once the price (15min candle closed above resistance). 2. SL below the previous 15min Wicklow 3. Secured 25pips by closing 80% of the trade.
1. Price closed above 1hr resistance. 2. Entered longs with the start of new 1hr candle with SL below the wick low of previous 30min candle. 3. Closed 50% once the 1hr candle closed without a top wick. 4. The rest of the positions got stopped out at SL.
1. Break and close above the resistance over 30min TF. 2. Entered longs once the new 30min candle flipped bullish with SL below the current 30min candle
1. Support formed over the 1hr timeframe. 2. The next 1hr candle wicked up and later broke the wick low of the previous 1hr candle (pre-London) 3. Entered sells with SL above the current 1hr candle. 4. Secured 30pips by closing 90% and the rest with SL at BE.
1. Waited for the price to break and close above the 30min, 4hr and 1hr resistance. 2. As the price broke above, entered an impulsive longs with tight SL as it was risky trade. 4. Got out with 50pips by closing 80% and the rest is open with SL at BE.
1. Asian session had made a high (resistance formed). 2. waited for the candle to close above the 30min resistance 3. Once closed above, I entered longs with SL below the current 30min wick low. 4. Price moved 15pips and with the start of new 30min candle the price retrace to the entry price. 5. closed 50% and the rest was taken down with SL.
1. Overall sentiment on gold was bullish because of obvious reasons! 2. Waited for 30min candle to break and close above my marked resistance. 3. Entered longs once 30min candle broke the previous wick high. 4. Secured 80% of my position at 80% pips and rest to the next resistance!.
During Pre-London price had formed support to move bullish to continue the trend from the Asian session. Entered longs once price broke the top wick of previous 30min candle. SL below the 30min wick low. Secured 20pips by closing 70% of my position with SL at the same spot. Final Target 1782 (4hr resistance).
On Monday (18-10-2021) gold price was ranging the whole day from Asian to NY session. On Tuesday (19-10-2021) gold prices started to show a bullish trend. During Pre-London a week resistance was formed over a 1hr time frame. Waited for the price to break above (bullish trend) the 1hr previous wick high before entering longs. SL below the previous 1hr...