sahniana

sahniana

Based on last night Gold heavy drop, I was looking at 3 entry possibility for Gold. From the current price, I am expecting to sell for lower low. Then I am expecting Buy until previous day Low - if you open D1 chart, you can see Bearish Engulfing, engulfed zone as possible supply zone. So the 3rd entry are based on D1 Bearish Engulfing.

sahniana Updated 

Few months has backed up Gold for new ATH. I did not expect Gold to be further down yet. So based on current M5, this sell only until price around 2771 / 2770 and then I am expecting Buy until 2800.

sahniana Updated 

Higher Support Break should be completed by now, and trend should be start the reversal at least going from downtrend to uptrend, and at least can exit at last Resistance price. Gold momentum seems can't go further down due to fundamental keep pushing gold price higher. But during softer fundamental, price can go down at least for retailer to take profit.

sahniana

Based on MN chart, we can see strong downtrend with volume, also MN RBS have already been retest but failed to make HH. So I am expecting price lower than MN RBS test price. Based on fibo levels, 0.215 seems a good price for entry, only expecting pullback from FR261 to FR188 (safest exit).

sahniana

Medium term consolidation zone visible at H4, D1 Support Break has happened days ago. After NFP last week, trend channel more to downtrend. Tonight CPI news, I will be expecting a Sell entry for price to go down up to D1 R Break.

sahniana

Just FOMC news, price go up eventhough the USD seems strong. Expecting a better seller rejection at this MN SBR.

sahniana Updated 

Been waiting from last week for seller movement. Seems like previous latest US News giving hope (hoping this is not a false hope too). I am expecting retracement around 50% for sell. But based on M5 pattern also fibonacci, I will be entry a little earlier.

sahniana

I can see S Low Break on H1, but not on H4. There is high possibility for higher seller that more than 50% retracement, up to High price. From Monday, I have been waiting for seller to showing their interest. Seems like after previous US news, there is seller interest in the market. Expecting another seller movement at next US High Impact news.

sahniana

Based on D1 Support Low Break, many looks for selling pressure for Gold to makes down trend. But seems like due to fundamental pressure that not a good condition for downtrend, Gold has been in consolidation for quite days, and has now break the D1 Resistance. Looking at current position, either it makes downtrend or uptrend, we have opportunity for sell at least...

sahniana

When the 1st SBR tested, it shows strong rejection (bullish pinbar). Currently price are going below the Support level in W1 chart. Because of the buyer interest, also potential of fakeout related to pinbar, here is my idea to trade for current situation. I am not expecting to exit on HH, rather than from Low to High only. Still good RR.

sahniana

Based on SNR, I think favor still for seller. D1 Support Low Break at clear enough. Pullback for seller still in favor.

sahniana Updated 

Last entry hit SL. So finding another higher seller.

sahniana

Based on previous H1 makes Support Break, that entry hit SL. So, looking at higher timeframe (H4), now is the best time to sell, expecting H4 makes another Lower Low.

sahniana Updated 

H1 Support Low has already break, but H4 not yet. So I think seller are in control of market now, and going for higher pullback. Looking at lower timeframe Support Low Break, so possible the level I marked is the best price to sell reentry.

sahniana

H1 Support Low has already break, but H4 not yet. So I think seller are in control of market now, and going for higher pullback. Looking at lower timeframe Support Low Break, so possible the level I marked is the best price to sell reentry.

sahniana Updated 

Based on current Gold movement (strong downtrend), I am expecting seller to return to market soon. With the current slow movement to higher resistance, I think it will be possible to sell with R:R more than 1:2.

sahniana Updated 

I am expecting Buyer Pullback at M5 Zone, I think current status is Weak Seller Strong Buyer, because seller will look for higher price to sell.

sahniana

Based on current S Break, there is potential for seller entry at higher price.