False breakout? Gold reverses sharply after news surgeBecause of the news that Trump hinted at firing Powell, gold surged strongly in the short term and passed to 3377, recovering the recent decline in one fell swoop. We went long on gold near 3323 in advance, and went long on gold near 3340 again after gold retreated, hitting TP: 3345 and 3355 respectively. The two long trades successfully made a profit of 370pips, with a profit of more than $18K.
Although gold has risen sharply in the short term and effectively destroyed the downward structure, it is mainly news that drives the market. After Trump denied firing Powell, gold rose fast and fell fast. So we can't chase long gold too much. First, the sustainability of the news-driven market needs to be examined, and second, the certainty of Trump's news is still unreliable. He always denies himself the next day.
After the gold price retreated quickly, a long upper shadow appeared in the candlestick chart, indicating that the upper resistance should not be underestimated. Therefore, we should not rush to buy gold. We can still consider shorting gold in the 3355-3365 area. We should first focus on the area around 3340. If gold falls below this area during the retreat, gold will return to the short trend and test the area around 3320 again, or even fall below this area after multiple tests and continue to the 3310-3300 area.
XAUUSD trade ideas
High sell probability on Gold!!! Don’t sleep on it!XAUUSD (Gold) previous bullish momentum that was currently developing slowed down in the early hours of New York trading session today around the resistance level of 3357.80 I sense a big correction coming on Gold especially as higher timeframe (monthly) is already showing multiple candlestick exhaustion which signals profit taking activities after a prolonged bullish trend that has been developing since the major breakout around the $2,000 level. A sell opportunity is Envisaged once our entry criteria is met.
Expect a significant drop in price!
GOLD: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3.324.79 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 3,317.96..Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
GOLD (XAUUSD): Classic Breakout Trading📈GOLD has surpassed and closed above a significant intraday resistance level.
After retesting this level, the price created a small ascending triangle on the hourly chart, and we've observed a confirmed breakout of its neckline.
I plan to go long on the pair during the retest, anticipating further growth, with the next resistance target at 3327.
Gold at a Decision Point-Just as Tariff Headlines Return(July 9)📌
4H Technical Outlook by MJTrading
Price is compressing inside a falling channel, nested within a large symmetrical triangle, and now sits right at a high-stakes confluence zone — a perfect intersection of dynamic EMAs, rising trendline support, and local structure.
This could be a pivot point for the next major leg.
🧭 Key Scenarios:
🟢 Bullish Breakout Potential:
If price breaks above the falling channel and holds above $3,310–$3,320:
🎯 Target: $3,400, and eventually upper triangle resistance near $3,480–$3,500
✅ Watch for impulsive breakout + retest confirmation
🟡 Bearish Breakdown Risk:
If the rising trendline gives way and price closes below $3,275 (High Risk) and $3,245(Low Risk):
🎯 Targets: First $3,232, then key level $3,166
⚠️ Further weakness may expose $3,000 psychological support
🔍 Why It Matters:
• Symmetry + compression = potential volatility expansion
• Trump tariff headlines today (July 9) could trigger safe haven demand
• Strong historical respect of these trendlines
• EMAs aligning around decision zone
“Another BreathTaking Edge” — because this is one of those moments where market structure whispers louder than words.
🗣 Boost if you find value, and follow MJTrading for more clean setups.🚀🚀
#XAUUSD #Gold #TradingView #TechnicalAnalysis #ChartPatterns #PriceAction #BreakoutTrade #Forex #MJTrading
Zoom in to get closer to battlefield:
Zoom out to see where we are:
Gold prices are on the rise again!Market news:
In the early Asian session on Friday (July 18), spot gold fluctuated in a narrow range and is currently trading around $3,336 per ounce. London gold prices staged a thrilling "deep V" market yesterday, hitting a daily low of $3,309 during the session and recovering to 3,339 at the end of the session. Strong US retail sales and employment data drove the dollar to rebound and US Treasury yields to rise, putting pressure on interest-free assets such as gold. Despite this, geopolitical tensions and rising tariff risks are still providing bottom support for the gold market. The international gold market is currently in a multi-game of Fed policies, US economic data, US dollar trends and tariff policies. The Fed's position of postponing interest rate cuts, strong retail and employment data, and the rise in the US dollar and US Treasury yields have suppressed gold prices in the short term. This trading day needs to pay attention to the preliminary value of the University of Michigan Consumer Confidence Index in July and US real estate market data, pay attention to the G20 Finance Ministers and Central Bank Governors Meeting hosted by South Africa, and pay attention to news related to the international trade situation.
Technical Review:
Gold closed with a small positive line with a long upper shadow yesterday. Although it ended the continuous negative trend, it still faced sideways resistance below 3374, and the overall market still needs to be treated as a shock consolidation. From a large cycle perspective, gold has entered a convergent triangle consolidation phase of nearly three months. Among them, the lower track support line gradually moved up to above 3310. The support strength of this position continues to increase as the consolidation time lengthens. If the price touches or approaches this point, you can decisively try to buy the bottom layout.For two consecutive trading days, gold has been consolidating in a larger range of 3377/3310, and finally closed at the starting point of the daily Bollinger band middle track at the end of the trading day. Gold returned to the middle axis of the range at 3340. The daily chart Bollinger band middle track, the RSI indicator middle axis flattened, the four-hour chart hourly chart Bollinger band middle track, and the RSI indicator neutral middle axis. On Friday, the layout of the day will still be based on a wide range of fluctuations. Look at the 3320/3360 range first. Alternating buying and selling cycles, large range of wide fluctuations!
Today's analysis:
In the past two days, gold has always risen in the US market due to news. Last night, Trump called on the Federal Reserve to cut interest rates, and gold rose again. However, judging from the recent market, the market stimulated by the news is still unsustainable. Since gold has rebounded now, gold will continue to sell at a high level in the early trading.
Excluding yesterday's market affected by Trump, the gold price operation pattern this week is close to perfect, and it has been steadily operating under the suppression of the downward trend line. Therefore, the market has given a clear direction. It is OK to sell when the Asian market rebounds to the pressure level. Gold is still in a fluctuating downward trend in 1 hour!
The downward trend resistance of gold has moved down to around 3350. Before gold effectively breaks through 3350, gold is under pressure at 3350 and continues to sell at high prices. Today, Friday, the probability of gold having a big market is relatively high, and if there is a big market on Friday, it is basically weak throughout the day. If it is strong, it is strong throughout the day. As long as gold continues to be weak in the European market, it is likely that gold will continue to fall today.
Operation ideas:
Buy short-term gold at 3317-3320, stop loss at 3308, target at 3340-3360;
Sell short-term gold at 3352-3355, stop loss at 3364, target at 3330-3310;
Key points:
First support level: 3323, second support level: 3310, third support level: 3290
First resistance level: 3348, second resistance level: 3360, third resistance level: 3377
Powell's stay or departure affects the market, and gold is unlik
Yesterday, the Trump and Powell incident caused gold to rise strongly to around 3377. The rise of gold was just a moment. In the end, the gold daily line closed positive, but closed with a super long upper shadow line. In the end, the gold price quickly rose and broke through the 3377 mark, and then fell under pressure and fell into a shock closing. The daily K line closed high and fell back and fluctuated in the middle of the positive. Although the overall gold price repeatedly fluctuated and washed the market under the stimulation of the news, it ultimately failed to break through the recent large box shock range. Today we continue to pay attention to the support line of 3318-25 below. We will continue to go long if it falls back!
From the 4-hour analysis, today's short-term support below continues to focus on the vicinity of 3318-25, the short-term pressure above focuses on the 3340-45 line, and the key pressure above focuses on the 3380 line. The overall support range still maintains the main tone of high-altitude low-multiple cycle participation. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold falls back to the 3318-25 line and goes long, stop loss 3312, target 3340-45 line, and continues to hold if it breaks;
Gold OutlookGold took previous week high and gave bearish move. The gold overall scenario shows it is bullish. The possible move for the gold will be to touch FVG retrace and go towards supply zone and again retrace back. Or if buyers step in we may see good bullish move gold might touch supply zone retrace a little bit follow the bullish path.
Bitcoin vs Gold: Driving the Point Home📉 Bitcoin vs Gold: Driving the Point Home The long-term comparison we can't afford to ignore.
Gold, after achieving mainstream status, weathered a 20-year consolidation phase, low volatility, muted investor excitement, but enduring presence. This historical precedent forces us to reconsider expectations for Bitcoin, now in its 15th year.
⚡ While Bitcoin’s adoption curve has been sharper, its market dominance has steadily declined since 2017. Despite intermittent, and often deceptive relief rallies, the trend remains downward. Altcoins, forks, and shifting narratives (DeFi, NFTs, meme tokens) continue to fragment attention and capital.
⚡ Could Bitcoin follow gold’s path and enter a prolonged era of post-hype consolidation? If so, the next bull run might be a decade away or more … if it happens at all. In an age of digital abundance, durability; not innovation, may define Bitcoin’s legacy.
📊 Chart Highlights: The latest image visualizes Bitcoin’s current phase against gold’s historical arc. The final label "Monetary Maturity" suggests a shift from speculative highs to a more sober test of endurance.
🔍 Will Bitcoin evolve into a true store of value or fade as just another chapter in financial innovation? Let the markets answer, but history offers clues. Only Time will tell.
#Bitcoin #Gold #CryptoAnalysis #BTCdominance #CryptoHistory #DigitalAssets #TradingView
CRYPTO:BTCUSD INDEX:BTCUSD TVC:SILVER NASDAQ:MSTR NASDAQ:MARA NASDAQ:COIN NASDAQ:TSLA TVC:DXY NYSE:CRCL
Weekly XAUUSD Outlook (July 14–19, 2025)Hey team — we're entering a decisive week on gold as macro tensions heat up and price dances inside a key premium range. Let’s dive into what the chart is telling us.
🔸 HTF Bias: Weekly Structure Breakdown
Bias: Bullish with exhaustion signs
Current candle: Bearish rejection forming after last week's lower high inside the premium range
Trend: Still bullish overall, but stalling inside a distribution-like pattern
Weekly structure:
Confirmed CHoCH in early 2023 launched the bullish leg
Break of structure toward Higher High (HH) continues but weak high was created near 3500
We’re currently inside a weekly premium range, rejecting the upper quadrant
🔸 Key Weekly Confluences:
Zone Type Price Level Confluences
🔼 Resistance 3490–3500 Weak High + Premium zone + FVG + RSI divergence
🔼 Upper Range 3450–3470 Historical imbalance fill + EMA5 overextension
🔽 Support 3355–3320 Weekly OB + Discount side of premium leg + FVG
🔽 Deep Support 3200–3170 Last strong demand + BOS origin + RSI oversold risk zone
Fibonacci Range: 3500 = top of the bullish extension; 50% retracement sits around 3250
RSI (Weekly): Starting to curve down from overbought territory — watch for structure cracks
EMAs (5/21/50): Strong upside lock remains but a flattening 5EMA hints short-term slow-down
🗓 Macro + News Context:
This week is loaded with high-impact U.S. data and a parade of FOMC speakers:
Core CPI (Monday) and Retail Sales (Thursday) = critical for short-term inflation outlook
FOMC members speaking throughout the week = high chance of volatility spikes
Pre-G20 positioning (Friday–Saturday) could lead to risk-off flows or safety bids on gold
Watch Crude Oil Inventories and Building Permits for risk sentiment impact
The combination of CPI, retail sales, and continuous Fed commentary could cause abrupt sentiment swings — especially if inflation surprises to the upside again.
⚠️ What to Watch This Week:
Any weekly close above 3470 = potential sweep into weak high (3500)
Failure to hold 3355 zone = opens the door to revisit the deeper OB around 3200
Look for a lower high inside premium to confirm bearish weekly intent — otherwise we remain bullish
Any bounce from 3320 must show strong volume + FVG reaction to confirm continuation
✅ Final Notes:
This week is all about patience. We’re in a premium exhaustion phase, and with heavy macro catalysts on the table, gold is primed for a decisive breakout — up or down.
Stay flexible. Let price show its hand around the major zones. We’ll refine sniper entries on H4 and H1 once the weekly opens fully.
—
📌 If this breakdown helped, hit 🚀🚀🚀 follow @GoldFxMinds🔔 for daily updates as this structure develops and drop a comment:
Will gold sweep 3500 or collapse toward 3200? 👇
📢 Disclosure:
This analysis is based on the Trade Nation TradingView feed. I’m part of their Influencer Program and receive a monthly fee.
⚠️ Educational content only — not financial advice.
Gold (XAU/USD) - Elliott Wave Suggests Wave 5 Upside Starting!📊 Current Wave Count:
Wave 1 (Complete): Rally from to .
Wave 2 (Corrective): Pullback to (held 50%/61.8% Fib).
Wave 3 (Extended): Strong impulse to .
Wave 4 (Corrective): ABC pattern ending near (e.g., 38.2% Fib of Wave 3).
🎯 Wave 5 Projection:
Target: Typical 0.618–1.0 extension of Wave 1-3 → $ .
Invalidation: Break below Wave 4 low ($ ).
📈 Why Now?
Wave 4 completed as a shallow correction (flat/triangle).
MACD/RSI shows bullish divergence on lower timeframes.
Fundamental drivers (e.g., Fed dovishness, inflation) align.
⚡ Trading Plan:
Entry: Near current pullback (~$ ).
Stop Loss: Below Wave 4 low.
Take Profit: Scale out at 0.618 and 1.0 extensions.
xau next week mapDear all traders wish you bests and hope you were profitable.
clear breakout happend from trend line.
expect a retracement as it has strong movement i think 23.6 would be enough
then you can search for a buy levels in lower timeframe like 15min
if wanted to trade sell we have to find clear structure and good momentum in 1 min or 5min
keep your risk management stay in market
good weeknd "ITS JUST GOOD BUSINESS"
"Gold Ready for Bullish Move – 3365 Tak Udane Wala Hai!🔹 Lower Purple Zone (Support Area) – Price ne is zone (approx. 3315–3320) se strong bullish reversal dikhaya hai. Yeh area buyers ka interest zone hai jahan se market ne reaction diya.
🔹 Upper Purple Zone (Resistance Area) – 3360–3375 ka zone strong resistance hai jahan se pehle bhi multiple rejections aayi hain.
🔹 Current Price: 3340.115 par trade kar raha hai.
🔹 Blue Arrow Prediction: Chart ka analysis yeh batata hai ke price ab is support zone se upar ki taraf move karega aur resistance zone ko test karega (target 3360–3375).
Gold Market Clears 3330's — Eyes Set on 3380'sJust as analyzed, Gold market swept through the 3330's, validating prior projections. This move confirms bullish continuation, with price now poised to reach 3380's as momentum builds within the ongoing wedge structure. follow for more insights, comment , and boost idea
uptrend, heading towards 3400⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) climb toward $3,350 in early Asian trading on Tuesday, supported by renewed safe-haven demand after US President Donald Trump threatened sweeping 100% tariffs on Russia. Traders now shift focus to the upcoming US Consumer Price Index (CPI) report, which could offer further cues for the Federal Reserve’s policy outlook.
Late Monday, Trump warned that unless Russian President Vladimir Putin agrees to a peace deal to end the Ukraine conflict within 50 days, the US will impose 100% tariffs on Russian goods. The proposed sanctions, described as secondary tariffs, lack detailed clarification but have already fueled market anxiety. Heightened geopolitical tensions are likely to sustain near-term demand for gold as investors seek safety in the yellow metal
⭐️Personal comments NOVA:
Maintaining buying pressure above 3350, gold price in an uptrend, paying attention to CPI results to assess the inflation level of the world's number 1 economy
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3400- 3402 SL 3407
TP1: $3390
TP2: $3380
TP3: $3370
🔥BUY GOLD zone: $3330-$3328 SL $3323
TP1: $3340
TP2: $3350
TP3: $3360
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Bullish Above 3342 – Watching 3365 BreakoutGold Futures Rise on Trade & Geopolitical Tensions
Gold continues to gain as renewed tariff threats from the U.S. and rising geopolitical risks weigh on market sentiment.
While markets have become somewhat desensitized to Trump’s recurring trade rhetoric, concerns remain that resolutions may be delayed.
Technical Outlook:
As long as the price holds above 3342, the bullish trend is likely to continue toward 3355 and 3365.
A stable close above 3365 would open the way to 3395.
However, a 1H close below 3342 may trigger a pullback to 3329.
Pivot: 3342
Resistance: 3355, 3365, 3395
Support: 3329, 3319, 3309
XAUUSD setup selling ideas h4Disruptive Gold Analysis – 4H Chart Perspective
Symbol: XAU/USD 🥇 | Timeframe: 4H
Date: July 9, 2025
⸻
🔁 Scenario Disruption: Potential Bullish Reversal
✅ While the original analysis shows a bearish continuation setup with consolidation under resistance and breakdown towards multiple downside targets, a disruptive view considers a false breakdown or support flip scenario.
⸻
🔁 Alternative Viewpoint:
📍 Current Price Action:
Price is testing the support zone (~3,280–3,290) which has held multiple times in the past.
🟢 Disruption Possibility:
1. Bullish Fakeout Trap Setup:
• Price may create a false breakdown below support to trap sellers.
• A quick recovery and breakout above the consolidation highs (~3,310–3,320) would invalidate the bearish continuation.
2. Resistance Flip Setup:
• If the market reclaims above 3,320, we may see a bullish push towards the key resistance zone at 3,360–3,380.
• This could evolve into a range breakout bullish trend continuation toward previous highs.
⸻
🔄 Disruption Targets:
• 📈 Immediate Upside Target: 3,320
• 📈 Breakout Target: 3,360
• 📈 Extended Bullish Target: 3,400+
⸻
⚠️ Invalidation Level:
If price closes below 3,270, then the original bearish scenario remains intact, with continuation toward 3,240 → 3,200 → 3,140.
Gold’s Trap Above QML: Bearish Play UnfoldingHello Guys!
Gold appears to be forming a textbook Quasimodo reversal setup after printing a lower high into a key supply zone. Price aggressively tapped into the QML area (around 3,350–3,360), where sellers previously stepped in, and we’re now seeing signs of rejection.
The engulf zone marked earlier confirms bearish intent. It broke structure and flipped momentum. Price is currently retesting below that engulf level, likely as a last attempt to grab liquidity before heading down.
The projected move suggests a drop toward the next significant demand zone around 3,295–3,285, where the price previously found a strong bullish reaction.
Bias: Bearish below QML
Target: 3,295 zone
Invalidation: Above 3,368 (high of supply zone)
Setupsfx_ | XAUUSD(Gold):07/07/2025 Update | Gold dropped nicely when the market opened last night, dropping around 600 pips. However, it couldn’t hold on to the gains and came right back to the selling zone. There are two entry points and two potential targets.
Good luck and trade safely!
Team Setupsfx_
How to use Session Profiles for Day TradingHey whats up traders, in reveal cheat code for day trading by using session profiles. It's powerful concept. If correctly applied with HTF trend it will allows you to join running train path the right time.
Dont forget to follow me. I release such articles every Monday.
🧠 What Are Session Profiles?
A session profile describes the typical price structure and narrative during a market session — from open → high/low → close.
In Forex, we focus on:
• Asian Session
• London Session
• New York Session
Each session can act as either a reversal or continuation of the previous session(s).
📈 Why They Work
Markets are engineered to:
• Run stops (above highs or below lows)
• Fill inefficiencies (fair value gaps or imbalances)
CLS prefer to move price during specific times — the active hours around session opens. This is where liquidity is high and slippage is minimal, making it ideal for executing large orders.
So, session profiles help us map out when and where these manipulations are most likely to happen.
✅ Why You Should Use Them
Session profiles help you:
• Avoid low-probability trades in dead sessions
• Focus on high-probability narratives
• Anchor your execution models to context
But remember: they are not an entry model. You still need:
• A higher timeframe bias
• A mechanical entry model
• A system for risk and trade management
🔁 How to Use Session Profiles
Use the previous session(s) to anticipate the next one.
• For London session → analyze the Asian session
• For New York session → analyze Asian + London sessions
You’re looking for:
1. Manipulations into key levels
2. Displacement (price moves away strongly)
3. Change in order flow (e.g. OB,on M5 ,15 or H1)
4. Remaining liquidity targets (draw on liquidity)
📊 Session Profile Types with Chart Logic
1. 🔄 London Continuation Profile
Conditions:
• Asia session already made a manipulation into a key level
• Price displaced away from that level
• CIOD / OB on M15 or H1 before London open
Example:
• H1: Asia runs stops above H1 high into a fair value gap (key level)
• Displacement confirms intent
• At London open, price retraces into M15 premium (PD array) and continues in the same direction
Invalidation: the manipulation high/low from Asia session
Narrative: Asia did the manipulation → London does the continuation.
2. 🔁 London Reversal Profile
Conditions:
• Asia session consolidates near a higher timeframe key level
• London open initiates the manipulation into the key level
• Displacement + M15 BOS after manipulation
Example:
• H1: Asia consolidates under daily FVG
• London opens, price runs Asia high into that FVG
• M15 breaks down → clean short setup
• Target: higher timeframe draw on liquidity (e.g., previous day low)
Invalidation: the London session high (manipulation point)
Narrative: London performs the manipulation → price reverses.
3. 🔄 New York Continuation Profile
Conditions:
• Asia + London already created a clear manipulation and displacement
• London has not reached the final draw on liquidity
• London is not overextended (e.g., <70 pips move)
• New York opens with structure intact for continuation
Example:
• H1: London makes a reversal from a key level and displaces lower
• Draw on liquidity (e.g., previous day low) still untouched
• NY opens and continues the sell-off, retracing briefly into M15 imbalance before expanding lower
Invalidation: manipulation level from London
Narrative: London set the direction → NY finishes the move.
4. 🔁 New York Reversal Profile
Conditions:
• No clear London profile (no key level touched, no strong CHoCH)
• NY opens and manipulates into a key level (e.g., daily OB, FVG)
• Clear M15 or H1 CHoCH or BOS confirming reversal
• Asia + London lows still intact (liquidity available below)
Example:
• H1: No strong setup in London
• NY opens, price spikes into daily OB and takes out London highs
• M15 structure shifts → sell targeting London + Asia lows
Invalidation: NY session manipulation high
Narrative: London was noise → NY takes control and reverses.
🔁 Visual Structure Flow
Before applying any session profile, confirm:
1. High-probability trading conditions (e.g., key level proximity, market open, liquidity available, Red News)
2. Bias in place (HTF (D1 and Weekly direction must be known)
Then:
→ Check for valid session narrative
→ Select the correct session profile
→ Wait for the stop run of H1 / H4
→ Is there enough room for the move to key level
→ If we are still in first half of session you can enter. If its close the end of session skip it.
→ Apply your entry and risk model.
→ Dont be greedy look for 2:1 RR trade and get out.
🔁 How to enter ?
if bearish - You always want enter above H1 I H4 candle after LTF CIOD
If bullish - You always want to enter bellow H1/ H4 after LTF CIOD.
Use Order block to enter the market here is how to identify it correctly
Remember:
Never sell low / Never buy High... wait for stop run / Liquidity sweeps. If you dont know where is the liquidity - you will be liquidity.
Hope this brings clarity to your trading.
Done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTRIC day on the markets with our chart idea and levels playing out and being respected, as analysed.
After completing the swing range test and full swing into 3306, we stated yesterday that we will now look for ema5 cross and lock above 3306 to open 3330. This was locked and loaded and completed the 3330 target today.
We will now continue to look for ema5 lock above 3330 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for support and bounce inline with our plans to buy dips.
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 20 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.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3358
EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3416
EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
BEARISH TARGETS
3330 - DONE
EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE
3283 - DONE
3254
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