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more parabolic upside this week, or pull back? good evening gold gang.. hope you all had a great weekend and are ready to tackle the markets once again!
friday was insane! .. 600 pips to the upside .. 600!! that was one monthly level to the next ( on my strategy) .. crazy
The weekly candle closed above the level and structure with no top wick .. closing with no top wick is a normally a great indication of a small pull back .. id like to see a pull back to the monthly zone for price to continue up.
Price is very close to the top algo level here where i would like to take a little bounce sell down to the monthly
We could also gap on the open as we did last week .. anything is possible at the moment
from the monthly level i would love to take buys there .. but at the minute .. lets let some candles play out and work from there
follow along for constant updates!
catch you in london
tommy
XAUUSD LONG SETUP ON 1H, DO YOU AGREE ?Hello Traders, This is the OANDA:XAUUSD Setups i found 2 possible setups 1 or 2 but i'm more for the 2nd because, the market left some imbalances past week also the price is on the discounted area rather than an average price for me the 2nd setups make more sense, what do you think ?
XAUUSD SHORT SETUP 30MIN TIMEFRAMEHello Traders this is an update for the yesterday Setup on GOLD Sell, we have identified two main areas the first 1 is 1881-1887 the Second one is above this 1919-1929, this is how our Sell setup could played out i think we gonna make another push further then fall or the gold start melting again
GBPUSD LONG SETUP CONTINUACION 15MINHello Traders , this an 15Min entry we still on a bullish Pullback we have to reach a daily P.O.I or at least 4H to reverse or continue the overall Bearish Trend because all this upward movement it just a pullback so this is a great 15Min Setup for price continuation
NAS100 SHORT TRADE IDEA, NOW THE TIME TO JUMP TO LOWER TIMEFRAMEHello Traders, i Already done the Full Analysis on the FX:NAS100 and it played perfectly now we all know what gonna happen it the time for the :
- DISTRIBUTION, exactly what that means it means a big move so we have to find our Entry to do so we have to jump on LOWER timeframe LIKE 15MIN or 1H and Enter, this is just the UPDATE for the ANalysis if you want me to do a lower timeframe Setup entry let me know on the comment section!
Gold- Today could be Pivotal Day for Market Direction"As explained in yesterday's video, Gold is still in a bearish structure overall.
However, after the incapacity to break under 1855 during the trading day, I decided to close my short trade with a minimal 30 pips loss and decided to wait and see.
As the title suggests, today is a very important day for Gold traders, and after inflation and FED minutes the direction could become more clear.
On one hand, as I explained, Gold is still bearish overall, and a spike up and reversal during the day could reinforce this outlook and could very well put a top in place.
On the other hand, a spike down and reversal to the upside or a direct rise and daily close near the top of the range could mean a reversal of the longer-term trend to the upside.
XAUUSD Possible Reversal Breakdown on the 1H TimeframeHello traders, this is a Gold analyse still bullish for the moment but the drop will be certain why as we can see our momemntum to the upside is slow compared to the drop that we had recently from the FOMC News event the Drop from 1947 compared to this is Just a Pullback so we may have to enter for a reversal on a better price action meaning on a Premium, it start from 1881!
EurAud- Drop to 1.63 zone again?Two weeks ago I warned about the possibility of a drop to the 1.63 zone for the EurAud pair.
Indeed, the pair dropped, recovered quickly though, and got back above 1.65 again.
However, looking at the daily posted chart, we could see that 1.66+ is a very strong ceiling and the pair keeps reversing from above that figure.
At the time of writing the pair is flirting again with the 1.65 zone and we could have a break down soon.
That being said, I'm bearish EurAud as long as the price is under 1.66+ and I expect another drop to 1.63
Bitcoin could dive soonAfter the reversal from 25k and the reach of my target at 28.500, Bitcoin started to consolidate.
Friday we had a new attempt to reconquer resistance and bulls failed again and BtcUsd started to fall again.
At the time of writing the price sits on confluence support, but the structure is not bullish at all and we could witness a break down
In such an instance, the first target for bears is 25k horizontal support, but, in the longer-term 21k is not out of the question.
I'm bearish on BTC as long as the price is under 28.500
GbpAud- Will it change the trend?Since last September, GbpAud was on the run, with the pair gaining 4k pips in 11 months.
However, after touching the important 2.0 zone, the pair started to roll back down and gave back 1k from these 4k pips.
At this moment, the pair is still in an up trend, but is trading very close to the ascending trend line and is flirting again with an old resistance zone.
Yesterday's candle is a bearish engulfing that suggests a down move.
Continuation to the downside could lead to a break of the trend line and, in such a case, the pair could drop to the next important horizontal level of support at 1.83
Binance coin could dive hardFor 2 months now, Binance coin has been trading in a 10% range between 205 and 225.
The coin looks without any power and, considering the problems from Binance, we could expect a break of the support on which the coin is standing now.
In such a case, BNB could dive hard towards 140,
180 low from mid-June last year could also offer interim support
I'm bearish this coin as long as the price stays under 225 on a daily bases close
GbpJpy- Drop ofter confluence resistance test?In my previous analysis on GbpJpy, I said that the pair could rise and test confluence resistance at around 183.
Friday's close found the pair exactly in that level and after the gap from Monday's open, the pair continued down.
At this moment the pair is trading in the support given by the recent ascending trend line and a break above this level is probable.
In such an instance, continuation is probable and the paint could reach the previous low.
I'm bearish as long as the price stays under 183
USDCAD LONG POSITION SETUP 4H Hello Traders this is the Refined setup whithin the 4H timeframe, if you already saw the HTF breakdown you will notice why i choose the Long Setup because we still on a bullish trend obviously and the setup is in a discounted price action so if you didn't see the HTF analysis you should view it and read the description if you saw all the description and analysis for the USDCAD let me know if you agree or not in a comment bellow
USDCAD DAILY BREAKDOWN FROM A HIGHER TIMEFRAME VIEWPOINT Hello Traders, This the Daily Breakdown for FX:USDCAD on The daily timeframe we already took the monthly and weekly analysis you can check it on #Related ideas what new on this daily analysis!
The daily analysis we find our Daily setup entry on a discounted o price with a clear P.O.I below the FVG " Fair value Gap " or IMB, that what we found and we also indentified the daily range and our next Target which is 1.3670. We gonna refine the OrderBlock on the 4H So stay Tuned For it!!
Daily XAUUSD Breakdown, in Deep AnalyseHello traders, this the OANDA:XAUUSD breakdown from HTF prespective, overall trend is Bearish and Daily we may see a pullback to 1922 then a drop to 1754 That where we heading toward if we don't pullback now we may reach the area of 1735 - 1744 Sonner, but after this drop, we may get a pullback
Silver- Bear trend is the name, sell rallies is the gameIn my Saturday video analysis, I said that Siver could drop and test the 21 zone.
XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses.
The recent price action is carving a small double bottom on our chart that could lead to further gains.
However, considering the strong down pressure, I do not recommend buying into correction but selling rallies above the double bottom's neckline
A good place for searching entry signals is the zone between 21.50 and 21.80
The target could be set in the recent low zone at 20.80
NzdJpy is entering sell zoneLike all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips.
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders