GOLD LONGmy confluences;
d; the big trend is bearish
4h; bullish
( for a quick intraday trade imma follow the 4h trend)
broke the range zone
price broke above resistance
broke the previous HH with high momentum
above 50/20emas
1h
long wick rejection .
15m
my entry was on the close of an engulfing candle
sl; previous swing
tp; nearest s/r a quick one price may reverse on me at any moment cus its a counter trend trade
RM;
risk; always 1% or less
rrr; the mini target 3.1
PSY;
protect capital first then make money second
always manage ur risk vs reward
be patient on ur setups
advice; when the position is on profit trailing stops and scaling onto the trade while letting previous once risk free.
Xauusdtrade
Golden Trading LessonsGold took a Royal Hiding the last two days. Do you know WHY? And maybe how to deal with it?
In this Video I look over the Future prospect for the Gold market.
Key Lessons you NEED to know if you want to effectively judge market moves BEFORE they happen and appropriately manage your capital.
Trade Small and Trade Safely.
Gold: trading ascending and descending channelTAKING PROFIT: trading trend pattern sometimes is not that easy because sometimes our targets meets some hurdle on the way which make us to exit the trade with fear before our target and we end up regretting it because the market finally gets to our target. But believe me incase whereby you've a sell order in a descending channel you don't have to panic in such situations because any delay and hurdle faced on the way down is a blessing I mean the more it delays the more low is going to touch the trend which is more profit while if you've a buy order in descending channel the best time to exit is when the market start struggling near the up part of the trend because sometimes the market turn back from there(which will make some people panic and take less profit when the market is already going down so is better you to exit close to the trend or at retest/double top) and retest on the up part of the trend forming double top and start reversing. Vice versa with ascending trendline.
ENTRY: most people form their trend with 3+ touches without breaking but I prefer mine with 2 touch at one part and 1 touch at the the other part(I mean highest or lowest point between the part with two touch). I form the trend from the part that held twice then I clone it and move to the part with 1 touch once capped at the point with 1 touch I make an entry.to the other part. For me once market have touched any part of trend 3x it can't longer be trusted I've to be very sure it holds before making an entry and from this point 5 touches is the maximum I can trust. I don't know about other pairs I trade only Gold.
SPOTTING FAKE BREAKOUT:
Combining trend and supply and demand is best strategy you might want to try that will always help you to spot fake break out because most times the market break out of trend and hit zone and cap back at trend and sometimes market break out of zone and hit trend and cap back at zone. This help you spot fake break out to avoid trading fake breakouts.
Gold (XAUUSD) Analysis and Trade IdeaPrice has swept the low for LQ, and now pulling back for a correction, as expected. The noteworthy point to make is, it took out a demand zone in the process. Now, price is pulling back to the supply zone that broke the demand. It is a potential "demand2supply flip." I love these. I am looking for a sell setup as price enters the supply.
No setup, no trade.
Price could potentially go for a deeper pullback, breaking the supply zone . So, I will only take the short after confirmations.
The target will be the low of the pullback, and further down to the blue line.
Gold XAUUSD Gold XAUUSD for the first time since April XAUUSD has formed a higher low and trying to break the resistance level of $1867, buyers are trying to take control and their power will be tested on the $1875 to $1877 level, breaking this level will lead Gold XAUUSD to test the level of $1900
Investors with long positions are advised to hold till the confirmation of the breakout then add to their positions .
Investors with short positions are advised to activate the stop-loss above the resistance level of $1875.
OANDA:XAUUSD TVC:DXY COMEX:GC1! COMEX:GC2!
XAUUSD Trading ZonesAs Market Risk sentiment eases around Safe haven assets we can start to plan out NEW long zones.
When we anticipate further price falls and look for ideal price we are often talking about SCALP/INVESTOR Trading.
This means you do NOT need to short.. Sit on your hands and take it long when price is right. This is much safer for Traders IF you can wait.
If you can't you can trade scalp/Intradays at these prices and exit faster with smaller sizes.
As always trade lightly and cover risk.
Gold trading in weekly time and correction my past ideaIf we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave.
In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave or slightly larger
Of course, in the last box, the goals of 3 Wave are shown as Fibo OANDA:XAUUSD FOREXCOM:XAUUSD
XAUUS-4H CHART SETUPThis week GOLD closed at 1973 as we have mentioned earlier we are bullish on gold up to 1990-2005
Best BUY ZONE around 1966-67
We have targets 1980,1984,1990 and 2002.
This targets are valid only if gold stays above 1960-62 zone , if this zone breaks then we can see price move towards downside.
Xauusd Sideways MarketThe recent price action on XAUUSD has greatly reflected current market sentiment.
This is because alike most markets, there is indecision. This comes geopolitically and also Economically, with the FED minutes later today.
Current level has been touched on so many times Very recently with a longside move. Positive market sentiment likely to bring this asset lower.
XAUUSD Long From Support! XAUUSD is about to retest a horizontal support level at 1890 areas
And a bullish rebound is to be expected
According to technical analysis
With the target of retesting a local resistance above at 1990
XAUUSDIn the daily time frame of gold, what can be seen is that the price has moved away from the Ichi cloud. And the point is that the price trend is always drawn to it (the Ichi cloud) after avoiding it. So we expect the price of gold to fall for a short time....
This is the simplest analysis I can give you...
XAUUSD MOVESFor More Daily Detailed Analysis, Go ahead and Click the Follow Button.
Here we have our Safe Haven XAUUSD or GOLD charts..
As we see ever tighter price action on huge uncertainty in the market we can look for Scalps. This means you can lower your risk in order to take advantage of the market.
As gold is a safe Haven and sentiment is bad-Mixed we are seeing sideways movement. Often with these movements comes a large move eventually..
Use the arrows and eclipse symbols as a price guide.