overall higher timeframe on gold is bearish, looking to play historical repetition.
market repetiton from past looking to take advantage again now sells would be confirmed if 1807 level is broken with retests for sell trades.
looking for buys at the break and restest of 1981 level and sells below 1973 level.
expecting further upside continuations after the breakout.
GJ buys trade played out early starting off the new trading week we had a break and retest of the order block for further upside continuations.
looking to take buys from the break of the order block to the highs again
gold range getting tighter and tighter. we can expect a breakout top the upside if there is more fear brought into the markets such as covid and war tensions we can expect a break and drop down if war tensions are eased and no new fear is brought to the markets
messy price action on gold for majority of this whole week best to stay out of ranging markets and wait for better conditions to trade in.
gbpjpy price moving very slowly lately, mostly due to the new quarter of the year we are in. i would expect further buys when volume is more favourable and japanese index continues to stay bearish .
inorder for gold to break 1950s and go back up to its previous highs we would need further market fear. also we need to keep in mind that it is new quarter of the year and we can expect abit more volatility than previous weeks
higher timeframe idea, we can get further upside moves on gold if war tensions are still increaseing with further market fear.
gj higher timeframe analysis (weekly) we can expect price to drop down 157-158 level again and create support before going up again.
overall still bullish on gold and there is still war tensions and global inflations still high. would need to keep in mind that it is end of month and institutions may drive price down further before pushing up.
gold buys trade played out successfully as was posted in yesterday s trade idea. we had the break out of 1951 level play out for +150pips
looking for further gold buys once 1950 zone is broken and retested with bullish candle confirmations or it price comes down to restest the trendline and gerenate further liquidity before going up.
yesterdays gold buys idea trade played out with both targets being hit
looking for buys at the break of 1924 area. -market fear high, war tensions -inflation still high globally
gbpjpys price is currently sitting at its previous highs . inorder to break up further past the resistance zone, we would require a fundamental catalyst which could be involving furthermore with covid and war tensions. however at this zone i will not be trading price.