Gold analysis around Economic Data Release. X 2 Trade missed entires , Expected larger pull back before bull run that didnt happen.
Marginally Negative news for US.Expected move into historical demand area before further move to Most recent high.Trade missed. Price breaks Range ,forms new high.No re test. Why such much Volume ????
2 Set of negative US data with expectations of a bullish move, Rejection of pivot point .Scalp trade hit TP However long term trade did not open.
Post trade analysis - Price retested and rejected most recent high / mot recent supply pre news News release negative for US - Typically causing bull run in gold Would have entered on the bullish engulfing candle at the pivot point. Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand 1.Close at break even 2.Modify...
IF positive US economic data , Potential sell set ups into demand zone.
Big day for US economic data.No London trade because of this.AUD Positive,USD Positive ,Rejection of pivot points and most recent highs.Look for shorts into most recent Low/Demand zones
Trade idea for gold based on pivot points (Weekly & Monthly) Along with economic data release
Price did not reach previous supply zone - no trade Price rejected weekly S3 Pivot (Possible entry here)
How world economic data (Predominatley US ) affects the price of gold and how to trade it.
Shiba inu.On Expectations of a crypto crash look for previous support
Continuation of Daily Descending channel Restest of previous resistance Await economic data (better then expected US) Look for short set ups
Pull back to pre lockdown Highs creating support before looking for a Long
Buffetts baby 86 million increase world population annually Everyone loves coca cola
+Higher timeframe suggests its testing a support area of an ascending channel and daily support Bullish above 148.00. -Retail Sentiment has recently flipped bullish (when trading sentiment you take the contrarian view) -Very bearish last week -Bearish lower time frames
Solid Fundamentals,Recurring Profit,Global Market,Long Term Growth,XBOX , Microsoft office & The windows operating system is almost inbuilt into society.
+ Very Bullish pre & post covid, even more so post pandemic as an increase in online businesses and sales as a result of distancing etc + Regulatory fine may create opportunity for a long term entry - Slightly unknown consequences from stricter Chinese regulation , how will future regs impact price - Incoming Fines effect on stock price.
EMA CONFLUENCE MTF RSI CONFLUENCE MTF S+R + Trendline cross
Trade idea Impulse move now corrected to the initial demand zone IF unchanged / positive Economic data Look for potential Longs 19TH OF Feb (Multiple FTSE companies Earnings report ) A day to watch IF trade ongoing.