We are in a Bullish Weekly Profile with FOMC and unemployment news release on Wednesday Monday made a high, Tuesday took out the Lows, Wednesday should now reclaim the high printed by Monday with News pushing prices higher. Price has reacted off the 4H OB 5m timeframe now needs to make a CISD as we've already got a Breaker Block formed on the LTF. Targets are...
Market Context: The market recently experienced a bearish correction after a notable bullish rally. Currently, it appears to be undergoing a retracement towards an identified Order Block (highlighted in red) on the 1-hour timeframe. This level has shown previous significance in halting price movements, suggesting the presence of institutional or high-volume...
Here I have drawn out my vision for Gold Bullish Pull back for the rest of the afternoon/evening
Gold is heavily bearish, it has already come up to retest 1902, creating a new minor resistance and I am looking for it to break its recently created minor support. Once price can break and close below the support, I would look to take an entry on the retest of the broker support-turned-resistance down to the next major support at around 1897
Price will come down to 1.275 then up to 1.30. Analyses was calculating average pips on he daily chart which gave the average movement of 241 pips, rounding it to the nearest major level at 1.275 Then for further confirmation and reversal, I used Mid month reversal and for short term I used Mid week reversal. If price reaches 1.30, we will see a possible double...
On a support zone on the 4hr chart, can expect a buy here