Gold Spot / U.S. DollarUpdated XAUUSD Analysis was great, execution was not .. heres why
Good evening gold gang!! another lovely bit of short term analysis playing out with a little twist ... price broke structure in asian as expected before shooting up in london pre ny! This had us fooled as it looked like it was coming up but it was actually tapping the zone from yesterday before dropping all the way through in the intended position.
The sells i had eyed up from the top .. but they were outside of my trading hours pre NY so i followed my rules and didnt take them
The current area were in now is dangerous as its sandwiched between 2 HTF zones and we need a break out. Price is respecting the current trend being bullish .. but its very close on its 4th touch of the trend! so it could collapse in asia. Lets wait for a clear break of the zone before entering
catch me in the DMS if you have questions ... its nice to be back posting on here after so long and reconnecting with you all!
have a great rest of your day
big T
The sells i had eyed up from the top .. but they were outside of my trading hours pre NY so i followed my rules and didnt take them
The current area were in now is dangerous as its sandwiched between 2 HTF zones and we need a break out. Price is respecting the current trend being bullish .. but its very close on its 4th touch of the trend! so it could collapse in asia. Lets wait for a clear break of the zone before entering
catch me in the DMS if you have questions ... its nice to be back posting on here after so long and reconnecting with you all!
have a great rest of your day
big T
Note
pushed down into the engulfing below and shot straight back up! this is why you couldnt sell at the trend break ... saved ya! hah
Note
congratulations sellers!!!! we caught the top this morningNote
lovely
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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.