Xauusdneutral
🐻XAUUSD SHORT(follow up)The previous setup on Gold that was shared has not played out as thought.
There was no entry trigger which was a break below the support, but of course we didn't expect it to break right then and there, though it is taking longer than expected.
We see the chance of a double bottom bullish continuation playing out, but there is still a bearish continuation that I have drawn up.
There are 2 situations here and both marked up.
if price breaks above the major resistance then my confidence in buys will be restored.
XAUUSD Neautral 1H TF Update Looking for some nice action to come out of NY this morning we have a nice size range that london provided us with.
Sit patient with this one as we are waiting for further confluence for a trade setup. 1927 was a buy with stops set just at 1925 for a potential retracment higher. However that entry was a high risk set up so we wait...
Understand as a succeful trader you never need to be in a trade you want to be in a trade bc the stars align and you have an edge.
Happy trading all!
Like and comment below with your thoughts of this weeks gold market.
Cheers.
XAUUSD Signal Symbol: XAUUSD
Time Frame: Daily
Bias: Neutral
Signal Info: The price pattern of gold is quite lucrative today. We are optimistic that the gold price will rise but as the price is building momentum upwards and already advanced ,we are neutral to take any action. Entering at this point seems to be unsafe and we do not consider the current situation a valid entry point. Let's wait and see what comes next.
XAUUSD NeutralSymbol: XAUUSD
Time Frame: 4H
Bias : Neutral
Signal Analysis: We are neutral today. The price is congested and do not seem to be moving very far for the time being. However, opportunities can be traced at lower time frame. But it is recommended to ensure higher time frame confirmation.