therabbittrades

therabbittrades

This is a continuation of my idea from 26 August 2024. We entered in that initial position at $2511 and we have placed those positions in a breakeven(profit) price of $2520, with a target price of $2540. We kept those trades active to capture any further upside risks. If price retraces to $2520, these trades will close and we shall recalibrate our trade with the...

therabbittrades

Major Trend: Uptrend on the 1D chart Entry: Type: Buy Limit Order Entry Level: $2,514.50 (Above recent high as shown on the 1H chart) Reasoning: This level is slightly above the current resistance, indicating a breakout continuation in alignment with the higher timeframe trend. Stop Loss: Level: $2,500.00 Reasoning: Place the stop loss below the recent...

therabbittrades

Possible Trade Setup: Entry Type: Market Execution Order Entry Price: Around the current market level of 2,510.94 (as seen on the 1H chart). Risk Management: Stop Loss: Set the stop loss slightly below the recent swing low at 2,500 (strong support level identified on the 1H chart and close to Fibonacci retracement levels). Target Price: Consider a target...

therabbittrades

Current Observations: - The **1D chart** shows a rejection at the upper resistance level around **$2,512**, with a significant drop to around **$2,484**. - The **1H chart** indicates a break of structure and a potential shift in momentum to the downside with a current pullback, forming a new resistance area. Trade Idea: **Entry**: - Place a **sell limit...

therabbittrades

Entry Entry Price: $2,512.50 (near current price, taking advantage of recent support level) Reasoning: The 1H chart shows a strong fractal support zone around $2,500–$2,510, and the 1D chart confirms this as a level of support as well. This confluence of support levels from both the 1H and 1D timeframes makes this a low-risk entry point, aligning with the major...

therabbittrades

During the NY session yesterday, the price action has filled our buy limit order at $2500. The price action was a result of the rejection around the price level of $2530 which serves as the new ATH for gold. This rejection was not a surprise and was a healthy retracement that we had been expecting. The H1 candle at $2500 closed with a long rejection wick. We...

therabbittrades

**Trend Direction:** The major trend in the higher timeframe (1D) appears to be bullish, as indicated by the price moving above previous resistance levels and continuing higher. The 1H chart also shows a recent breakout to the upside. **Entry Price:** - **Buy Limit Order:** Place a buy limit order around $2,500. This level represents a recent breakout area,...

therabbittrades

No change to our plan yesterday Fundamentally, there has not been any change to our outlook on gold. Technically, the price action has not made any breakthroughs in our SL and TP zones. We hold to our previous day’s trades from 19 August 2024. Except that the rabbit has shifted his stop loss to $2495. So we are risk free in the trade.

therabbittrades

Entry: Entry Price: $2,491.50 Rationale: The price has broken above a significant resistance level at $2,490. This breakout level often acts as a point of confluence, indicating potential support on a retracement, especially since it aligns with recent fractals on the 1H chart. Stop Loss: Stop Loss Level: $2,480.00 Rationale: This stop loss is placed just...

therabbittrades

### Analysis and Trade Setup: 1. **Major Trend Analysis (1D Chart):** - **Direction:** The major trend in the 1D chart appears to be sideways, with potential bearish pressure as the price is struggling to break above previous highs. It’s currently oscillating within a range. - **Key Levels:** - Resistance around the 60,000 - 61,000 USD level. ...

therabbittrades

Trade Idea: Major Trend (Higher Timeframe): The 1D chart indicates a general uptrend with prices making higher highs and higher lows, although recent price action shows a potential struggle to break through resistance around the 2,475-2,480 zone. Entry Price (Point of Confluence): Look for a potential buy entry around the 2,450-2,455 area. This region serves...

therabbittrades

Trade Setup **Direction:** Trading in the direction of the major trend in the higher timeframe, which appears bullish on the 1D chart, with a potential breakout above previous highs. Entry **Buy Limit Order:** - Place a buy limit order at **$2,444.00**. - This level is slightly below the current price and aligns with a Fibonacci retracement level of...

therabbittrades

Current Analysis: 1D Chart: The price is approaching a previous resistance level around 2,470-2,475, which also aligns with the 0.618 Fibonacci retracement level. 15-Minute Chart: The price has shown a bearish break of structure (BOS) around the 2,465 level after a rally, indicating potential exhaustion and a possible pullback or reversal. Major Trend: On the...

therabbittrades

**Trade Setup** **1. Direction:** - **Uptrend** on the higher timeframe (1D chart) and the 15-minute chart confirms the bullish movement with a series of higher highs and higher lows. **2. Entry Price:** - **Buy Limit Order:** Place a buy limit order at **$2,468.00**. This level is close to a minor support level on the 15-minute chart, where a...

therabbittrades

Given the current market conditions as depicted in the 1D and 15-minute charts, here is a potential trading idea: Major Trend Analysis: Daily Chart (1D): The price is currently showing a bullish movement, with strong upward momentum indicated by the recent price action. 15-Minute Chart: The 15-minute chart confirms the upward trend with the price breaking...

therabbittrades

Current Trend Analysis: The 1D chart shows a consolidation phase within a broader uptrend. The price is fluctuating around a significant support zone at approximately $2,425, which aligns with previous resistance turned support levels. The 15-minute chart is showing signs of price rejection around $2,429, which might act as a short-term resistance level. But...

therabbittrades Updated 

Trade Idea: Buy Limit Order Economic Factors: Fed Rate Decisions: Speculations of potential rate cuts by the Federal Reserve could support gold prices as investors seek safe-haven assets. Geopolitical Tensions: Ongoing geopolitical uncertainties can also drive investors towards gold, further pushing the price upwards. Entry Price: Entry Price: $2,400.00 This...

therabbittrades

Economic Factors: Fed Rate Decisions: Speculations of potential rate cuts by the Federal Reserve could support gold prices as investors seek safe-haven assets. Geopolitical Tensions: Ongoing geopolitical uncertainties can also drive investors towards gold, further pushing the price upwards. Trade Idea: Type: Market Execution Buy Order Entry Price: 2,426 (Enter in...