Short

Updated

Analysis for next week on GOLD

Thankyou guys for watching. From now on, I will just be posting ideas only and no longer post in minds, because I think it is a waste of time trying to help people who don't want to be helped. If you have any questions please leave it in the comments instead, thankyou.

My sell entry : 3368.54
SL : 3373.54
TP : 3308

Note

Guessing SL would hit soon. It's ok. I'll on next 2 levels. 3375.46 and 3380.50 should be good. If price breaks them all, so be it.

Note

Gold always troll me (swing trader) on monday hahaha. They don't want us to sell so they spike up first.

Note

Got a feeling it will retest 3367.63 again. im gonna try to buy at 3343.76 first

Note

it reached 3368 again but the structure did not break the support first. this is troublesome. maybe more fly today

Note

the 1H body also close above 3367.63. which kinda minor sign of invalidation of my sell zone. I'll wait until US session

Note

My next sell limit 3375.46, SL 50 pips. TP 3344. I can't aim far cause there is no break of structure yet.

Note

Yup it was a right decision to cancel the trade with no loss.

Note

Initially I wanted to sell at 3375. but it may or may not come through today so i'll try 3361.07 first. there's a hidden SSR over there.

Note

Oh btw my 3343.76 buy is running just fine. this is why I didn't buy anything yesterday except at 3343.76. because those temporary support from Asia and London are just ranging prices, not an actual demand. If anything, this 3343 can break the highs because it came from actual demand or order block.

Trade active

80% Buy closed! with 170 pips! the rest I'll hold to hedge against my sell.

Note

the RSI is at overbought and the market still pushing. interesting. maybe 3375 could actually come today.

Note

We only got 4 hours left before the news. Something tells me that we may not see 3375 today. maybe a spike to 3368.70 and that's it. if price just play around here before the news then my sell limit will be at 3368.70 and 3375.46. both SL 50 pips. my long profits today is enough to cover both of these trades.

Note

If price comes to 3368.70 before the news, then it might be a trap. one thing for sure, I won't enter before the news. only during and after news.

Note

nevermind, forget about 3368.70. I'll just stick to the other untested zones I made from a while ago. 3375.46. and 3380.50.

Note

I just pulled a fib from the low and 3380.50 looks the most perfect place for a high. 0.382 was exactly at the low we just formed yesterday at 3342.

Note

I just set SL to breakeven for 3343 buy just in case it dumps right away.

Note

If I want to buy, where would I buy?

I will wait for break of the high first and then buy at 3354.50. yesterday it was a temporary support level, could retest as a support again.

Note

I won't gamble and lose my gains for the week. wait just a bit.

Note

My gut feeling already told me 3375 won't come today... ah nvm let's go as planned.

Note

Sell running 50 pips from 3334

Note

sell got stopped out breakeven. next sell 3343

Note

I didn't manage to grab that sniper entry at 3342.97. but I got in anyway with wider stop loss in case price wants to consolidate more.

Note

if 1H candle body closes above 3343, it will be minor sign of bull is stronger in volume. can cut loss or quick exit depending on price action on smaller time frame.

Note

A retest of 3342 would be nice. 2 sell levels. 3342 and 3347

Note

sell running around 100 pips.

Note

well well well, 200 pips!

Note

okay... that doesnt look good hahaha

Note

stopped out breakeven again. nvm the volume is too high on buys right now I wouldnt sell just yet

Note

This god candle may break all structure all invalidate my analysis

Note

Price went almost 100 pips from my sell zone 3375.50. in any case, structure is broken so i wouldn't be swinging sell anymore

Note

wait wait wait wait. its could just be a manipulation! crazy! my zone was right all along!

Note

you guys are the witness that I was expecting 3375.50 to come through since yesterday. but I never thought it would come this kind of way. truly unexpected

michiotakeshi9

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.

michiotakeshi9