XAUUSD 2023 YEARLY STRUCTURE OHLC [SELL SETUP🚨🚨 🚨]Please support this idea with LIKE if you find it useful.
XAUUSD
2023 YEARLY STRUCTURE
OHLC
Bearish divergence starting from 01 July, 2020 to current market Price in the monthly time frame.
Structure for this year is marked in red vertical line (January). Price opened high with April breaking above the open.
Currently have price consolidating below the sell zone 2017.870. A strong resistance is also in place 2080.140. Waiting for a TDI cross to confirm the presence of sellers in market .
Kindly target the yearly open 1931.722 as first Target after TDI crosses in the monthly time frame. Also find more entries in the lower time frame after this cross. Second take profit will be half of the “railroad tracks” at the open 1871.650
Trade with Caution.
Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
Sellsetup
GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
USD/JPY: 12/05. Bear attack, ENTRY SELLUSD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low.
The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third straight week. Given this, USD/JPY's hesitation seems justified amid a mild calendar at home. OANDA:USDJPY
What Gold is exactly want to tell us ? Gold is making lower high in short term therefore we are looking 2038-40 range to sell. Meanwhile long term trend is bullish.
The expected trading range for current week is between 2007.00 support and 2045.00 resistance.
Open:
2024.000
Close:
2016.810
High:
2029.150
Low:
2019.370
BNB/USDT had another rejectionHey guys 👋
Let's get back to BNB here where we see how price had another pullback from upper resistance zone and now we are on the edge of a cliff just waiting for a free fall. So let's see how we will end up here.
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Disclamer:
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WOO usdt perp short trade setup Hy fellow traders
Greetings from team Trading The Tides
yesterday I posted the idea on woo which gave around 12% in profits , we short it then long it , currently I just quit the trade with 10 % profits and now again looking for a chance to re enter in short trade as soon woo breaks the support ,
if it breaks the previous resistance I am not gonna go long as the overall sentiment is bearish and will not trade on woo .
secondly it in forming a bullish wedge pattern near a strong resistance so that makes no sense to long this coin.
if I initiate a short trade I will post in the comments
Feel free to ask questions . I will definitely answer
Note :
I am just a technical analyst and day trader .
Any info given is not a financial advice
Thanks .
WEDGE PATTERN ON GOLD 💰Hey traders,
Yesterday gold went crazy to take liquidity at 2003 then after tested the above horizontal trendline only to drop all the way down 1980, i do not see any good reason for gold to climb up again before reaching around 1950 area.
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Cheers!