Ok! The LONG lift took off around 1720 - 1724 and bought about 11 pips reaching 1735, it fell back giving SELLERS option, at present we around 1723, so what do i do? I WAIT! If price breaks my early BUY zone, and candles settle below that zone, I now look for SELL areas, BUT if it bounces back up around my early buy signal zone, I look for BUY areas again, at the...
Since prince didn't get enough sentiments to go down, hence long candles, check for BUY opportunities, Tip: wait for Short or SELL, candles to form then BUY at the lowest or when the candles close on the 30M TF... RISK MANAGMENT, TP as you wish, close partially when in profit, b4 TP hit... keep it PIPING ..
It's been five weeks falling streak for gold, last week had a low around 1685.00, and balanced at about 1705.00, Friday gave a few BULLISH candle formation around 1712-1715 on d 30min TF, went as high as 1738. Price Action made correction to about 1722.80. For the first day of d week, expecting BULLISH moves, BUT that will b if price does not break the 1712-1715...
1712.00 down to 1700.00, the major fall for gold today, the period between 1707.00 to 1712.00, gave buyers an opportunity as market ranged before the fall continued all d way to 1700.00, and still falling... End of DAY TRADING,
Presently the SELLERs are incharge with a BEARISH engulfing candle, @1706.90 - 1709.90 safe to go short on a micro lot size, due to the ranging pattern on gold today, chances of price action testing 1714.00 above are there, BUT if not, P.A might test around 1709 - 1710 and fall back, look for SHORT smart entries, NOW is a good time to sell, SL 1716.00 ... TP as...
The previous metal is ranging between 1714.00 - 1704.00, that's around the EVENING STAR, and the HAMMERS, BUYERS sentiments at present around 1707-1710, take BUY, Stop Loss 1701.00...
Presently the XAU market is respecting the BULLISH Hammer @about 1705.20 - 1707.51, meanwhile in the early hours of today it's been BEARISH, woke up to an evening star @about 1712.45 - 1710.55, with a confirmation bar 1709.11.... If the BULLISH bars don't settle above the evening star it will fall back, BUT if they go above the BEARISH signal at 30 min TF, wait...
1714.00 - 1711.00 SELL If price action does not go above 1715.00 above, take SHORT positions as bearish candles and confirmation candle on 30M TF already formed. T.P 1708.00 and below, Risk Management for your ADVICE. Evening TRADING ..
If price action does not settle below 1704.00, take only BUY positions, Alternative if it goes below 1704 take SELL, for your ADVICE BUY NOW, T.P 1716.00 ~ 1717.00. wrap up for DAY TRADING...
1717.00 hit T.P, watch P.A for retrace and BUY when candles close below 1717.00 HINT: BUY at the close of RED candles on 30TF RISK MANAGEMENT T.P @1717.00, 1720.00, 12:00 noon analysis, DAY TRADING ...
Price Action between 1712.00 - 1708.00, go LONG on GOLD, Take Profit 1717.00 ... If PA breaks 1704.00, Prepare for SHORTS 30min ...
TRADING ADVICE 9:00AM anlysis XAUUSD Price Action shows a sell rejection candle @1711.00 that automatically means a LONG option for trade with RISK MANAGEMENT. ADVICE:. Can buy @1711.00, wait for P.A to drop around 1708.00, and buy more, alternative if price rise up to 1712.00 wait for price to drop and buy more, BUT if candles drops below 1704.00 we go...