GOLD-BUY
XAUUSD Buy EntryThis is what guided me in taking gold. First, we had an engulfing bar, which was also a break-out bar. That was the perfect entry but I was not online. So I waited for a late entry. The trend line that was also acting as resistance was broken. Then it was retested by several bars...we then got a railroad to show bullish strength and lastly came a breakout bar that started off by retesting our trend line, now support... There is never a sure trade in FX. So we look for confluence...many things aligning in our favor.
Btc update : What's next ?Hello traders , Today i'll share with you my analysis of Btc
as i expected in my last analysis that the breakout support of 47.5k is a false breakout .
Btc now need to break the resistance of 49.5K ( white line ) to move to 50.5k again.
important level :
50k resistance level
47k/46k/44k support level
i'm out until the breakout of 50k resistance with daily candle .
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Have a good day .
GOLD: Long to resistanceAnd so, gold continues to test the resistance of the channel. On retest, the channel is broken and at the moment the price is above the border. I am waiting for a pullback and consolidation with a further rise in the price to the resistance of 1828
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
GOLD: growth to resistance And so, gold breaks up. Locally, the trend is upward, this is confirmed by the second impulsive upward movement. I think that in the near future, gold may rise to the resistance of 1833
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
GOLD: Long after consolidation And so, gold makes a deep false breakout, goes back beyond the level. After consolidation in the long zone, above the level, I expect the metal price to rise to the nearest resistance
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
XAUUSD - 1H - SCALPING/DIVERGENCE - LONGPREVIOUS ANALYSIS:
Analysis:
Analysis:
Gold price is at strong support.
As per our previous scalping analysis, Gold reached its target today.
Today or this week we'll be focusing on retracement entry.
The same trade will be taken on our Youtube stream.
Happy trading.!
Best Regards,
The MorningStar Forex
GOLD (XAU/USD): I bought it a couple of hours ago... Hey guys,
Thought I'd share the trade I took this afternoon (EU time) on Gold.
I was waiting for the price to get in my potential bounce zone (Demand Zone).
Once the price entered this zone, I wanted to see a kind of breakout according to the pattern I could see.
I simply drew a trendline and waited for a breakout.
This occurred at 3.30 PM with a nice engulfing bullish candle, as shown in my chart, which by the way also broke the VWAP.
I entered a long position at the next candle and I am currently targeting the next imbalance zone @ around 1872.50 - 1872.80 area. This area, according to the volume profile, is a high volume node (HVN) and should attract the price pretty fast.
We could see some rejection from there so I will not target a higher price.
That's it, guys!
If you like my ideas, please show some ❤ with a comment or a like!
You can also check my previous ideas just below
Jesse