GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2704 and a gap below at 2682. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2704
EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET
2725
EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2682
EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET
2657
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET
2638
EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2621 - 2608
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Xauusd(w)
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2696 and a gap below at 2665, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
4 Winning Years Ahead for Traders Under TrumpOn November 5, 2024, the markets made it loud and clear—they’re excited about Donald J. Trump’s return to office. Stocks, the dollar, and other key assets all responded with strong moves that reflect investor confidence in what his policies might bring. Compare this to the last few years under Biden, and the difference is striking. The market barely budged during Biden’s presidency; even when he contracted COVID-19, it was business as usual. With Trump back, though, there’s an undeniable surge of optimism. Let’s look at what’s happening across the major assets and what it could mean for us traders in the days ahead.
S&P 500 (SPX)
The S&P 500 spiked from $5,704 to $6,018 on election night—a powerful rally that signals investor optimism. It seems the market is embracing Trump’s expected focus on tax cuts and pro-business policies. This kind of jump doesn’t happen without a reason; investors are clearly betting that Trump’s return will be good for corporate America and, by extension, for the economy.
Gold (XAU/USD)
In times of uncertainty, gold usually rallies as investors look for safe havens. But on election night, we saw the opposite: XAU/USD dropped from $2,750 to $2,643 per troy ounce. This decline tells us that investors feel less inclined to hedge their bets with gold, opting instead for assets tied to economic growth. When people pull out of safe havens, it's often a sign they’re feeling pretty good about what’s ahead.
U.S. Dollar Index (DXY)
The dollar had its own rally, with the DXY climbing from 103.3 to 105.4. This spike reflects confidence in the U.S. economy’s potential under Trump’s leadership. With the dollar gaining strength, it’s clear that investors expect strong economic fundamentals and possibly higher interest rates—both of which could keep the dollar in demand.
Dow Jones Industrial Average (DJI)
The Dow also rallied, jumping from $41,649 to $44,173. This boost is especially interesting because it reflects optimism in sectors like manufacturing, energy, and infrastructure—industries Trump has supported in the past. Investors are likely betting on policy moves that could provide a lift to U.S. industries, potentially driving corporate profits higher.
WTI Crude Oil (WTI)
Looking forward, I’m expecting WTI prices to come under pressure as Trump likely revisits his focus on domestic oil production. If he revives the “drill, baby, drill” approach, we could see supply levels increase, which would weigh on prices. This potential shift in energy policy is something to keep an eye on, as it could create fresh trading opportunities.
The Big Picture
From stocks to the dollar, the market’s reaction seems to signal that Trump’s return is seen as positive for growth and stability. Reflecting on his previous term, I remember trading seemed almost simpler—beyond economic reports, following Trump’s statements (especially on Twitter) often gave insight into market sentiment. We might be looking at a similar environment now.
Final Thoughts for Traders
Trump’s re-election sets the stage for market dynamics we’ve seen before, with a familiar blend of optimism and volatility. For traders, this could mean more straightforward strategies, particularly by keeping an eye on policy shifts and economic indicators. With Trump’s leadership back in play, I believe the next four years could be some of the best trading years we’ve seen. Whether you’re in stocks, commodities, or forex, it’s clear the market is responding—and as traders, there’s a lot we can take away from that.
Smart Money Market Structure Order Block Trading🔸The principles of "smart money" trading focus on understanding the behavior of institutional investors, often referred to as "smart money," to make informed trading decisions. By analyzing market structure, order blocks, supply and demand zones, and market cycles, traders aim to predict price movements and make profitable trades. Here’s a breakdown of these key concepts and how they interact:
1. Market Structure
Market structure is the fundamental flow of price movement, typically defined by highs and lows that indicate trends. The market can be seen in three primary states:
▪️Uptrend: Characterized by higher highs (HH) and higher lows (HL).
▪️Downtrend: Defined by lower highs (LH) and lower lows (LL).
▪️Consolidation (Range-bound): Prices oscillate between a support (demand) and resistance (supply) level.
▪️Understanding market structure helps traders identify when a market is trending or ranging, which is essential for timing entries and exits.
2. Order Blocks
Order blocks are areas on a price chart where large institutional traders, like banks and hedge funds, execute significant orders. These blocks often indicate strong levels of support or resistance due to the substantial buying or selling activity.
▪️Bullish Order Block: Typically found before a strong upward move. It's the last bearish (down) candle before the price rallies, signaling a demand zone.
▪️Bearish Order Block: Typically found before a strong downward move. It's the last bullish (up) candle before the price drops, indicating a supply zone.
▪️Order blocks provide clues to where "smart money" has entered the market, suggesting areas where price may return for liquidity and where retail traders may find good entry points.
3. Supply and Demand Zones
Supply and demand zones are similar to support and resistance levels but with a focus on identifying imbalances. They represent areas where supply (sellers) and demand (buyers) are significantly unbalanced:
▪️Demand Zone: A price range where buyers are strong enough to prevent further price drops. This often corresponds to an area of support.
▪️Supply Zone: A price range where sellers have historically stepped in to prevent further price increases, serving as resistance.
▪️Prices often revert to these zones due to liquidity needs, creating entry points for trend continuations or reversals.
4. Lower Highs (LH) and Higher Lows (HL)
These are essential markers in identifying trend changes:
▪️Lower Highs (LH): In a downtrend, the price fails to reach a previous high, indicating seller dominance and potential continuation of the downtrend.
▪️Higher Lows (HL): In an uptrend, the price creates higher lows, suggesting that buyers are gradually gaining strength, signaling a continuation of the uptrend.
These structural points help traders understand potential trend reversals or continuations.
5. Accumulation and Distribution Phases
These phases are critical to the Wyckoff Market Cycle:
▪️Accumulation: This phase represents a period where "smart money" accumulates positions at low prices. It typically occurs after a downtrend and is characterized by a consolidation or sideways price movement. This phase often signals a future uptrend.
▪️Distribution: This is the phase where institutional players offload positions after a significant price increase. Like accumulation, distribution appears as consolidation, often preceding a downtrend.
▪️Accumulation and distribution are often analyzed using volume patterns and price action to gauge when a trend may begin or end.
6. Market Cycles (The Wyckoff Theory)
Market cycles are a sequence of phases that price undergoes over time. According to Wyckoff’s methodology, there are four phases:
▪️Accumulation: Institutions build positions, often at a market bottom.
▪️Markup: After accumulation, the price starts to increase as demand outstrips supply.
▪️Distribution: Institutions sell off their positions, often at the top of the cycle.
▪️Markdown: Price declines as supply overwhelms demand, leading to a downtrend.
▪️Understanding these phases allows traders to anticipate potential turning points, which is critical in smart money trading.
Applying These Principles in Trading
The smart money trading approach uses these principles collectively:
🔸Identify Market Structure: Determine whether the market is trending or ranging, then identify order blocks, supply and demand zones, and significant highs and lows.
🔸Recognize Key Levels: Watch for accumulation and distribution phases at these levels, helping to anticipate likely future movements.
🔸Confirm with Volume: Use volume analysis to confirm accumulation or distribution activity.
🔸Set Entries and Exits at Smart Money Zones: Utilize identified order blocks and supply/demand zones to enter trades with the trend (markup or markdown) or exit before a reversal.
🔸By combining these elements, traders seek to align with the strategies of institutional investors, capturing trends early and minimizing exposure during less favorable periods.
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 5 weeks.
Previously we had the nice push up, which we took using our smaller timeframes but the gap remained open and we were yet to see the ema5 lock to further confirm this.
EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. As we stated previously, we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all.
If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Previously after completing 2760 target, we stated that we now have a candle body close above 2760 for a continuation above with a gap open to 2797. We got the move but fell just short of the full gap, but no ema5 lock, which would've further confirm this. We also stated that failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range.
- We got the rejection from no ema5 lock above, followed with the retracement range and swing range test, which both gave the bounces like we said.
As long as we see price stay above the swing range, we will continue to see the levels above tested and support levels re-tested for the bounces, keeping in mind the long range/term gap above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
100% CONFRIM GOLD SHORTRight now the gold is consolidating a bit also building a liquidity below supply zone of M15, we have a clean supply zone above in M15 from which the price will retrace to the downside 100% confirm gold short are ahead on monday market opening also after the presidential election the gold went down will do a bit correction then continue to fall
GOLD SELL AFTER REACHING THE 15M SUPPLY ZONE
100% CONFIRM SELL SIGNAL
EURUSD strategic outlook: BEARS will target 1.0500🔸Hello guys, today let's review H8 price chart for eurusd. Previously
recommended buying low near 1.0650, TP hit +400 pips, congrats
if you followed. you can review original setup via link below.
🔸Range lows defined at 0650 , range highs set at 1050/1100.
This is the active trading range for EURUSD since early 2023 it's
well-defined and it's very unlikely that price will exit this range
any time soon (not until 2026).
🔸Currently we got a strong rejection near range highs at 1100
and this resistance is too strong for the bulls to break atm,
price was already rejected multiple times from this level.
there are no bullish catalysts in euro zone to break 1.10/1.11 S/R.
🔸Recommended strategy position traders: bears focus on short selling rips/rallies, targeting range lows at 0500/0550. Bears will take over from
here, so there is no valid setup for bulls on buy side. Keep in mind
that this is a swing trade setup and provided low volatiliy in EURUSD
it may take a while to hit the targets (multiple weeks).
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Practical Application of Order Blocks in Trading🔸In trading, especially in the context of institutional and supply-demand-based strategies, order blocks, imbalances, breakers, and entry points are all critical elements for spotting potential high-probability trade setups. Here’s a breakdown of each:
1. Order Blocks
🔸Definition: Order blocks are areas where large institutional orders (by banks, funds, etc.) are believed to have been placed, often leading to sharp price movements. These typically form after a period of consolidation, when a large entity enters the market to create momentum in a particular direction.
Types:
▪️Bullish Order Block: An area where institutions have placed buy orders, resulting in an upward price move. It’s generally identified by a down candle (in a bullish trend) before a strong upward move.
▪️Bearish Order Block: An area with concentrated sell orders, leading to a strong price decline. It’s marked by an up candle (in a bearish trend) before a sharp downward move.
▪️Use in Trading: Traders look for price to return to these areas as potential entry points, expecting the area to act as support (for bullish order blocks) or resistance (for bearish order blocks).
2. Imbalances
🔸Definition: Imbalances (also called Fair Value Gaps or FVG) occur when there is a strong price movement in one direction, leaving a "gap" in liquidity. ▪️IThis happens when there’s more demand or supply than what the current orders can fulfill, leading to a price spike.
▪️Identification: Look for consecutive candles moving in the same direction without much overlap in their wicks. This often leaves a gap between the high of one candle and the low of the next.
▪️Use in Trading: Since price often "rebalances" itself, traders may expect price to return to this area before continuing its trend, using it as a potential point for entries in the direction of the larger trend.
3. Breakers
🔸Definition: A breaker is a failed attempt at reversing a trend, usually involving a break of structure that indicates a reversal but then fails, with price moving back in the original trend's direction.
Types:
▪️Bullish Breaker: When a downtrend is invalidated, but instead of continuing downwards, price reverses back up. The previous support level that price broke and closed below may now act as a support zone.
▪️Bearish Breaker: When an uptrend is invalidated, but price moves back down, often causing previous resistance to act as resistance again.
▪️Use in Trading: Breakers are often used to identify failed reversals where traders might enter in the direction of the initial trend, as these zones tend to have strong support or resistance.
4. Bullish and Bearish Breakers in Trading
Bullish Breaker:
▪️A level created after a failed bearish structure, turning into support as the price breaks upward.
Look for confirmation of price moving above this level, with entry points often at or just above the zone.
Bearish Breaker:
▪️A level created after a failed bullish attempt, creating a resistance zone as price breaks lower.
Traders enter trades when price retests this breaker level and shows signs of rejection.
5. When to Enter Trades
▪️Order Block Entry: Look for price to return to an order block zone (after creating it), confirming it as a valid area of support or resistance. Confirmation methods include candlestick patterns or lower timeframe support/resistance creation.
▪️Imbalance Entry: Price may "fill" imbalances, and traders can look to enter as price retraces to this level with signs of rejection or confirmation. Watch for candles rejecting at the edge of the imbalance zone.
▪️Breaker Entry: Wait for price to test the breaker zone and show signs of rejection, typically with a smaller time-frame entry trigger (like a lower high or low in structure).
▪️Risk Management: When entering trades based on these points, place stops beyond the zone or recent high/low, and target areas of the next significant support/resistance or opposite liquidity pools.
6. Tips for Effective Use
🔸Multi-Timeframe Analysis: Check higher timeframe levels for stronger order blocks or breakers and use lower timeframes to refine entry.
🔸Wait for Confirmation: Often, a test of these areas with a reversal candlestick pattern (like a pin bar or engulfing candle) on a lower timeframe will provide better entries than immediately entering.
🔸Volume Confirmation: Higher volume in these areas can suggest more institutional interest and improve the chance of a successful trade.
🔸Mastering these concepts involves observing how price interacts with these levels across different market conditions, which enhances accuracy over time.
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
GOLD SELLING ZONE WITH CPI AHEAD 4HRHELLO TRADERS
As I can see Gold on shorter TF it could drop till these levels bestselling zone drawn based on technical re-test after breakout to downside on channel and tested fib Golden ratio 0.50 Friends chart is easy and simple to read technically we can see a stronger DXY pulling toward 106.00 levels geopolitical issue are going on but technically its was overbought and Weekley RSI above on 70 zone incoming strong CPI Data can make some volatile moves in markets this week Russian president Putin Continue talk with Trump on Ukraine War Friends it's just a trade idea only based on technical analysis share Ur thoughts with us and Stay Tuned for more updates
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
After a sharp drop yesterday and breaking below its ascending channel support, gold has now stabilized slightly. It is expected that after a correction and pullback to the broken support level, gold may resume its downtrend towards specified lower levels.
Don’t forget to like and share your thoughts in the comments! ❤️
GOLD Will Go Down! Sell!
Hello,Traders!
GOLD broke out of the
Rising channel, then made
A retest of the resistance
Cluster of the horizontal
And rising resistance lines
At around 2720$ from where
We are already seeing a
Bearish reaction so we will
Be expecting a further move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Gold Rise to Resistance Zone: Elliott Wave!!!Gold ( OANDA:XAUUSD ) started to correct as I ✅ expected in previous posts ✅. Did you profit from this move!?
Gold started to rise well from the Support zone($2,645-$2,625) and 50_SMA(Daily) .
Gold is moving near the Resistance zone($2,720-$2,700) and the lower line of the ascending channel (broken) .
According to the Elliott wave theory , it seems that Gold has succeeded in completing microwave 3 . We should wait for the completion of microwave 4 , and then probably microwave 5 will end in the Resistance zone($2,720-$2,700) and Monthly Pivot Point .
⚠️Note: We should expect more pumps if Gold goes above the Resistance zone($2,720-$2,700).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold: Will the Falling Wedge Breakout Ignite a +16% Rally?Hey Realistic Traders, let’s dive into the analysis of NASDAQ:GOOGL
In the daily timeframe, Google has broken above the upper trendline of the falling wedge pattern. The price has consistently remained above this trendline for the past three trading days, with rising price movement accompanied by bullish divergence.
Bullish divergence on the MACD indicates that while the price makes lower lows, the MACD line forms higher lows. This divergence suggests a weakening of bearish momentum and the potential for a price reversal to the upside.
Given these technical factors, we forecast a potential upside movement toward the designated target of 181.36 . After reaching this level, a pullback to the green zone around $160 may occur before the price advances to the second target at 191.52.
This technical outlook remains valid as long as the price stays above the support area at 148.77.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Google.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
XAUUSD H1Gold was able to restore positivity to its trading during the weekend, and accordingly we are looking forward to buying from the 2775 levels. We are only waiting for a price action signal before entering.
First target is to break the resistance level at 2708.
Second target: 2725.
Third target: 2800.
Stop is to close the hourly candle below the 2660 levels.
Gold can make small correction and then continue to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the resistance line and started to decline to the support line. When the price dropped to this line, it broke the 2650 level, after which later, Gold started to grow and in a short time backed up to the 2650 level. Soon, the price broke this level one more time and then made a retest, after which continued to move up. In a short time price rose to the resistance level, which coincided with the seller zone, and then started to trades between the 2740 level. Later, the price broke this level and rose to the resistance line of the wedge, and even exited from this pattern. But then it dropped to the seller zone, some time traded inside, and then made a downward impulse to the buyer zone, breaking the 2740 level. After this, Gold started to grow and now it continues to rise to this day. So, in my mind, Gold will little correct and then continue to move up to the 2740 resistance level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
XAUUSD: The Downtrend Is Not Over YetDear Traders!
Today, gold prices fell sharply, ending the week at $2,684, recording a decrease of 0.83%. The rising US dollar, fueled by political uncertainty, put a lot of downward pressure on gold. The shift of investors to riskier assets added to the selling pressure on gold in the market, reinforcing the bearish trend.
Analysis of the 4-hour chart shows that gold prices are currently facing resistance at the important resistance zone of $2,700 - $2,715. The 34 EMA has crossed below the 89 EMA, a sign that sellers are in control. If the price fails to break through this resistance zone and continues to be under pressure, gold is likely to find support at $2,640 - $2,656. In the event that the price drops below $2,640, the short-term bearish outlook will become stronger, with a deeper target in the near term.
Gold Prices Plummet Amid Rising Risk AversionAfter a slight uptick yesterday, global gold prices took a sharp downturn on the morning of November 9th. Spot gold declined by $24.2 to $2,685 per ounce, while gold futures fell $21.5 to $2,692 per ounce.
The surge in the US dollar following the recent political shift has put significant pressure on gold prices. As markets adapt to potential policy changes, investors are shifting towards riskier assets, leading to a sell-off in gold.
Analysts predict that gold prices may fluctuate within a support range of $2,640 to $2,700. A breach below the $2,640 level could signal a further decline toward the next support at $2,600. However, the long-term outlook for gold remains optimistic, underpinned by expectations of interest rate cuts and persistent geopolitical tensions.
XAUUSDHere is our signal on XAUUSD . Potential long opportunity.
As per our last mind, we promised a signal for XAUUSD for everyone.
In detail,
As price on XAUUSD has made the 50% correction we were scalping yesterday, we now had a pullback and possible continuations to the upside with DXY still correcting from the sudden surge. New H4 should be bullish as well.
PARAMETERS
- Entry: 2699.906
- SL: 2691.291
- TP: 2717.241
KEY NOTES
- XAUUSD last H1 is bullish.
- XAUUSD broke our KL (Key Level) 2700.
Happy trading!
FxPocket
VIX GOING BACK UPAfter two false routes (the two white lines), we know for sure that VIX is to go up at some point to make up for the gap it made this week.
The only thing is we thought today's opening would be a higher gap compensating the precedent gap, but it kept getting lower and lower.
Now that we're approaching a low KL, there might be a new opportunity for a long entry, stay advised and always put a tight SL on this.
GOLD - Price can reah resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew inside rising channel, where ot fell to support area and then bounced up, breaking $2500 level.
Then price rose in channel to $2605 level, exited from rising channel, and started to trades inside flat.
In flat, Gold rose to top part and then made a correction to $2605 support level, after which bounced up.
Price exited from flat and continued to grow inside pennant, where it rose to resistance line, breaking $2710 level.
But recently, XAU turned around and made downward impulse, exited from pennant, and broke $2710 level one more time.
Now it growing and I think Gold can reach resistance level and then fall to $2605 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️