transformfx_trading

transformfx_trading

we can anticipate futher gold buys as price has corrected the upside move to the left and also sellers are showing signs of exhaustion now as the recent previous 4hrs candles have engulfed above the majority of the last 2ays bearish candles.

transformfx_trading

gold primarily has been slow in terms of volatility as there is no new market fear and also as investors await the FOMC decision later in the week, as of now, we can look for buys at a break of 1930 zone and for sells if the current support zone is broken to the downside.

transformfx_trading

as per previous sells idea on gold, we can see our trade idea was successful with a break and retest of the previous support now turned resistance area for continuation down. furthermore , it seems that markets are having a somewhat risk off approach as there isnt any new tensions and fear aswell as volatility has been slightly reduced as it awaits FOMC decision...

transformfx_trading

clear tap of the bearish trendline as well as with london open volume push, we were able to see further bearish momentum come into the market for sells.

transformfx_trading

in order to take gold sells and be in a bearish biased for the upcoming weeks potentially, we would require war and other political tensions easing with less new fear and uncertainty being brought into the financial markets, a break of the trendline and zone would further confirm sells bias.

transformfx_trading

we can last week gold visited previous historical highs which it then rejected sharply, however we can also see that last weeks candle closed bullish leaving an upper wick. for the upcoming week or weeks potentially, we can see gold go further up bullish filling in the wick from last week if however war tensions and other market fear is brought in, if tensions are...

transformfx_trading

we can have another bullish push on gold as price has done a pullback and further liquidity is generated at this area. however, the main factor that can cause this bullish push is USD cpi data results tonight, depending if it is higher than before.

transformfx_trading

yesterdays gold buys trade idea played out exactly as explained, we had pullback for furthermore liquidity generation and it NY volume push that gave another impulse leg to the upside.

transformfx_trading

gold seems to be pushing to the upside very rapidly, as for trade idea, i would look to wait for price to drop and retest hence further liquidity can be generated for further push up sticking to the overall bullish trend.

transformfx_trading

price can create a triple bottom and we can look for buys to 152.800 once 152.200 level is broken. for sells we would require a break and retest of 151.500 level for further downside continuation,

transformfx_trading

we can see gold is near its previous highs, we will watch price closely around this level. price may choose to sit and range around this zone until it waits for another fundamental catalyst which could either help it push up or down depending on the news.

transformfx_trading

btc sells idea from rejections of resistance level at $45,000 area played out as was posted in previous trade idea.

transformfx_trading

for gold looking for buys with breaks above 1935 targeting 1945 then 1965, looking for sells below 1912

transformfx_trading

potential trade ideas for btc, if price breaks above around 46k level expect price to go further up to previous highs.

transformfx_trading

we can see dollar index is reached its previous sensitivity zone, price can now either break and retest with the next zone being the 99.800lvl or come down to retest the trendline before going up. ofcourse a change in fundamental factors can cause a change in price, especially now since there is such market fear brought by the war between russia and ukraine

transformfx_trading

we can see that gold was able to fill the wick to the left on the daily timeframe as was sent in previous trade idea

transformfx_trading Updated 

we can see that gold had alot of upwicks from last week due to the immense volatility brought into the market cause of further war tensions, bringing market fear. considering the month of feb has now ended with a bullish upside and the continuing of the market being in fear mode due the war, we can look for long positions on gold targeting the wick fills and...

transformfx_trading

price has reached previous resistance zone buys would be more in favour if further market fear is brought in.