Hello traders. Just taking a look at the 4 hour chart and I have marked my areas of interest for potential trade set ups. It is only Monday, so I am in no hurry to force or rush a trade. I am waiting for some lower time frames to line up and for some definitive support and resistance to form as we get closer to the Pre NY volume starting in a few hours or so. ...
Hello traders. Last post for this morning. I was trying to catch a scalp trade with a successful testing of the area marked on the chart. But looking at the 30 min. chart I do not feel confident taking that trade. I am watching the NY open but for now I will not be taking any trades this morning. I was looking for a nice scalp up before the NY market opened. ...
Hello traders. As per my last analysis, gold pushed down to my potential retest area.. I am watching the lower time frames but I am cautious as we have the NY open in an hour. If we break and close below $3042 then I would find this idea invalid. Need the current 1hour candle's bottom to hold. Could be a nice scalp up. Let's see how it plays out. Be well and...
Hello traders. Taking a look at the hourly chart I have marked my area(s) of interest. If we pull back to the potential retest area, depending upon market conditions, I would look to see if support holds/ forms for a possible quick scalp up. This is just speculation and what I am looking at and not trading advice. Let's see how the Pre NY / NY volume does over...
Hello traders. I just wanted to follow up from my last post a few hours ago. As I had said, I was of bearish mindset and sure enough it played out perfectly. I took no trades today. Now I am watching the current area to see if we keep pushing down, or move up a bit to take out the short positions being held. Big G gets my thanks. Let's see how the next 4 hour...
Hello traders. Happy Tuesday. I wanted to do a quick post about the potential for a scalp trade. I am thinking we may push back down and I have marked my area of interest. I am not saying we are not going to push up, and I am not taking any trades today. But I did want to put in my opinion if I were to take a scalp trade today. I always use the same formula.....
Hello traders. Happy Friday. I am not taking any trades today. I caught 2 good scalp trades this week and being Friday, and with all the volitility I am going to sit this one out. Saying that, I have marked the area of interest for a push down or another push up to take out anyone who caught the short trade from the overnight sessions. Let's see how things...
Hello traders. Just a quick post on the hourly chart showing a potential pull back scalp trade. I am watching the area marked on the chart to see if we break and close above or reject and push down again as the news today was good for the US dollar which usually pushes gold down a bit. Let's see how things play out now that the NY open is upon us. Big G gets a...
Hello traders. As per my previous analysis, I took a sell from the red line and closed 75% of the trade at my 1st take profit. I then managed to grab another trade from the bottom, marked by the green line. I have already closed 75% of the trade's profit after 40 pips and now my SL is at my entry point and my runner, the remaining 25% of the trade, is still...
Hello traders. Just a quick post on a the 2 hour chart. Gold is on a tear up. I am not trying to short gold but I have marked the area where we may see a pullback. For me, I would rather a big pullback to get in on a good , scalp Long position. Let's see how the next few hours play out. It is only Tuesday and I am in no hurry to rush or force a trade. Be...
Hello traders. I had a buy limit set in the area for potential Long positions but it didn't get triggered as gold dropped as expected but I missed the trade. Pretty good analysis. Let's see how the rest of the day plays out. Tomorrow is a new trading day. Big G gets my thanks 🙏. Be well and trade the trend. Happy Monday.
Hello traders. Happy Monday. Gold is just pumping. On the 4-Hour chart I've marked my areas of interest. If we got a good pull back potential longs are marked on the chart as well. It's just speculation and not based on current price action. Let's see how the current 4-Hour candle closes. A break and close below current for our candle could open up opportunities...
Hello traders. Just a quick post to show that we can go either way for a quick scalp trade. I am just watching for now as we have Pre NY volume starting an hour from now. Should be a good day. I have to check to see if we have news today. Lower time frame confirmation is always a must and one of many factors that need to be considered when taking a trade. ...
Hello traders. Just a quick post of what could be a nice fast scalp trade idea. Looking for a possible retest of the area marked on the chart to grab a fresh push up. On the other side, if that "support" doesn't hold, then this idea would be null and void. Just speculation and not trading advice. Be well and trad the trend. Big G get my thanks. Happy Tuesday.
Hello traders. I took a quick scalp sell at $3024. Once I got 40 pips in profit I closed 75% of the trade, moved my Sl to my entry point ( Break Even ) and left a runner running ( the remaining 25% of the trade). Let's see what today brings. Big G gets a shout out. Happy Tuesday. More fresh chart analysis in an hour or so when NY market opens. Be well and...
Hello traders. Happy Monday. Taking a look at the 30 minute chart I marked my area of interest for potential short / long scalp trade scenarios. This is just speculation for now. We have the NY open in just a bit, and I will wait to see how this current 30 minute / hourly candle closes. BIg G gets all my thanks. Let's see how things play out. Be well and trade...
Hello traders. We dipped down but I missed the scalp sell trade. Saying that, although we have big news here in the US in a few hours, we're now coming to yet another area of interest to see if we reject and push up or keep moving down. BIg G gets my thanks. Be well and trade the trend. Let's see how the next few hours play out. Happy Wednesday.
Hello traders. We've got Pre NY volume and the NY open in an hour. I am waiting patiently to see if I can catch a scalp trade in either direction, but with the news later today, I may just wait. I am waiting to see if gold drops down some more into my area of interest. Happy Wednesday. Big G gets a shout out. Be well and trade the trend.