Looking at SELL zone, with resistance on 1h and also visible on 4h timeframe. More reasons noticed to look out for SHORT positions on this setup. I'll keep monitoring through out the day for any changes.
There were a lot of enough reasons to go for a SHORT on XAUUSD. After we had our base on this 4H timeframe as marked in the chart, resulting in big movements on the strong resistance, price continuously going for short with big movements. Showing HUGE orders made on XAUUSD. It was enough reason for me to execute the SHORT position.
On my previous trade idea, I've shared a XAUUSD setup for short position. My setup shows to be accurate and now running as shown in the setup. I really hope people saw the movement and took the trades. For reference, search my previous trade idea I shared.
This is one of my risky moves I've even taken so far this year. I'm currently depending on that strong resistance. Though, I'm waiting for either the resistance zones at 2036 or 2039 to consider holding on my short position. It could go either way. To ensure safe trade, I've add BE on my open short orders. I AM NOT AN EXPECT, I JUST SHARE MY TRADING JOURNEY...
From our previous XAUUSD setup, I've been waiting for confirmation on gold's next direction in 1D timeframe. As I moved down to 4h, a new, and what it seems to be a down trend. Hopefully it would move accordingly and I will execute. This potential Short might be the next movement I've been waiting for on my 1d timeframe...
USDJPY has high potential of Long position. But now I'll be looking for a Short position on this once price looks to reject our current key resistance zone.
As gold is within my trendlines, I strongly support and waiting for LONG movement at the current market level, also will be looking out for shorts. As of now, it's a waiting game for me.
Here's is one setup I regret not sharing here on TradingView...though I did share a bit of my journey on 𝕏...
After my previous setup, gold is still moving in my favor. I'm expecting a retest after that breakout. I'm still on the right track. Any additional information is acceptable, sharing knowledge is fun. Yet, remember! This is not a signal to enter real market. It's my take on gold.
Price is showing a complete retest after a breakout aiming at sell position. Cub and handle formation has been considered in this analysis. This is a perfect time to sell DXY. In most cases, I usually wait for the price to push down a little bit further to confirm a entry.
Patiently waiting for XAUUSD to breakout the resistance then retest to confirm Buy position. Yet again at the current price, only a retest for a sell order also awaits. Hmmm!
Head and shoulder formation has formed and a breakout on the support. At most cases I always wait for the retest to occur. Then I'm going for a Sell position on this.