Rate cut are not close, so that's making the USD strong. ( there is no fear in the market = usualy when we have fear in the market you protect your money in gold/commodities).
And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ).
We could expect gold to trade in the 1900-2000 range for the next month and in April we could expect All time high again. Good timing with the BITCOIN Halving.
And we are currently forming a downtrend on the daily and weekly timeframe, but keep in mind that in the long RUN we are bullish ( look Monthly ).
We could expect gold to trade in the 1900-2000 range for the next month and in April we could expect All time high again. Good timing with the BITCOIN Halving.
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This is my personnal entry London session is coming and we could see some manipulation ( Liquidity grab just above 78.6% fibonnaci zone ) Big money will try to take small money trading before down trend of gold
I m looking to sell at 2025$
SL at 2032
TP 1973
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Entry Around 2025$Note
My entry triggered when I was sleeping at 2025$ Currently DXY is pushing down. Let"s see of we manage to hold in the next 5 min
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If you are looking for a new entry level wait for a break and retest of 2028.5$ Like here:
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We will see if we manage to get a push after the dinner, but I think we will consolidate between 2022$ and 2030$ until tomorrow FOMC Minutes newsTrade active
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;)Note
I just closed the 2025$ trade at 2024$ 10 pips profit.Because this morning I took a trade at 2028.73$ because of that I risk less pips.
instead of risk 70 pips, i m risking 25 pips now. Trading is based on risk management (Very important concept).
I could run 2 trade, but i dont have too. I got a better entry without risking more money. Goal is not to make more money, the Goal is to protect the money that you already have.
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Here is a link to proof my last execution :ibb.co/PG6gpdP
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So my stop loss has been hit by few pips, very unfortunate but the bias is the same, let's find another EntryNote
looking to sell around 2028.5 area Note
78.2% fibonnaci retracement on the 4h impulseNote
ITS IMPORTANT TO NOT ENTER BLINDLY, you need a entry signal. On gold my entry signal is a head and shoulder on the in a intraday timeframe with a shift of structure and I enter at the retestNote
We are bearish on the Daily on DXY/USDSO we could expect deeper correction on gold above 2030
Safe trading is a must
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no entry for nowNote
look last screen shot and look now you cant only watch gold chart to trade gold À
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Very good reaction on the DXY as planned Note
Be carefull we could execpt a push higher to 2038 before going down Big money what to fool everyone with bullish Trend, they want to grab more money before going down.
I bought at 2021 on the 5 min head and shoulder
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Here is the proof on my entry :ibb.co/T2yPBNz
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You should hit this 2038-2049 zone in the NY session monday. if i m perfectly rightNote
This is the BIAS from yesterday Unfortunate bias was on point, but i got (stop hunt) on this one.
(Breakeven trade) before going to sleep I put everything breakeven to protect my money.
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I expect the price to go at 2047.5 area Why ? this is the big trend line and also the 78.2% retracement fibonnaci (key lvl)
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To see my next bias come on my new XAUUSD chart idea
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.