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Today’s (17-9-2024) US Retail sales data Affects Gold Prices why we sell Gold today ??? well many will tell answer is simple that gold is overbought and everyone is selling..... But That's not a whole case. - Yes gold was overbought and running on High uptrend. - From our past Encounter with gold suggested Small Changes in US Retail sales data will Endup in big change in gold,and it happeded as per our prophecy. - Buyer around the world are running heavy profit they has to close position and book profit will force price to come downside. So this is it... Stay tune for more update from us will come back with another Facinating trade.. Keep following keep trading and Remember Buy high Sell low....
OANDA:XAUUSDShort
by forextrade119
WEEKLY FOREX FORECAST: UPDATES!! Wed July 17thWe are updating you on the Forecasts posted for July 15-19th. Was the analysis accurate? Did we reach our targets? Was the Bias correct? USD Index, EUR, GBP, CAD, AUD, NZD, CHF, (usdcad, usdchf) SP500, Nasdaq, Crude Oil, Gold, Silver Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6J1!
by RT_Money
AUDNZD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by TheGrove
1
NZDUSD SELL | Sell Setup| Short Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Understanding the Story of a Currency Pair When trading price action, it's crucial that you understand the story of the currency pair you are trading.For what current price is doing is only valuable in the overall context of what a currency pair has been doing.Just like reading a book or watching a movie, watching it from the half-way point won't allow you to understand what's happening; for current dialogue only has meaning with a context.So here's 2 things you can do to know the story of a currency pair: 1.) Analyze new price everyday to build the story. Ask yourself, " is current price confirming your perspective of the direction of a currency pair?Or is current price showing signs of a changing story? 2.) Use multiple time frames.The higher and lower time frame's stories should compliment eachother.Ask yourself " is current price on the lower time frames confirming the story on the higher time frames?" Moreover, understanding the story of a currency pair gives the trader an understanding of the tendancies of that pair.Each pair has very different characteristics.Just like how a music composer has tendancies when composing music.Each pair has identifiable, or rather, "trademark" tendancies.For example, the Eur/Usd pair tends to be very accurate in terms of price levels.So if there's a well repected trendline and you expect price to bounce off of it, it will do so with accuracy right down to the last decimal.Moreover the Gbp/Usd tends to have many pullbacks before an extended move in a direction takes off.Having this knowledge allows for great position building as well as the understanding that there are further opportunities to enter a trade even if you missed the initial entry. In this way, understanding the story of a currency pair and keeping this story up to date, gives a trader a general sense of "unison" with that pair.Allowing them to notice slight changes in the over-arching trend and therefore have the ability to be one step ahead of the market at all times. That's it! I hope this helps! Have a great day guys! Ken
Education
by TradingForexPriceAction
4