After a lot of manipulation, we now might see a huge fall of gold into the 1640s.
Simple break and retest of strong levels. Looking for higher levels for profit taking, each as a potential to take out some profits.
Break and retest of previous demand zone. Bearish engulfing, signaling a sell off the retest.
Simple price action, retesting previous demand zone now turned into a supply zone. Break and retest.
Simple price action, a break and retest of demand zone previously supply zone. Now we explode to the upside.
First position triggered. The deeper the retracement, the more opportunities or the better the setup for a short trade.
Failure of this week to trade above last week's high. EJ could trade lower coming into next week.
Simple 3 candle formation at last weeks high, with signs of failure to break any higher.
Price action this week is ranging within previous week range. Right now we are consolidating near previous week highs and failing to break above to continue the bullish momentum. This sets up two opportunities, first one being trading the reversal to previous lows of first one being 133.50 or we could go lower to the zone bounded by 133.300 to 133.050. From here...
From one zone to the next. Currently retesting a very strong supply zone which we broke below last week. Any sign of rejection would trigger for a short into lower levels. The hour currently some bearish potential. I am looking for shorts in this pair.
Firstly, I have marked the range of last week being from 1.54750 to 1.52700 (Highlighted in pink), a 200 pips range. As the new week is about to start in a few hours, this coming week can remain in this range or break out of it, which doesn't matter because money can be made either way. Last week we saw price pushing into the lows, making a lower low into 1.5200...
A nice structure break and retest. Looking for further downside into 150. Trade executed in the 15 min after a bearish engulfing pattern at zone of supply. 1:3 risk reward.
1: 1.3 risk reward. String reaction on demand zone followed by a confirmation candle closing above the pin par wick.
Level of supply showing price weakness looking for a short reversal for a good 50 pips at minimum.
Price showing weakness at level of demand with formation of wicks to the downside. A safer trade would be to wait for a break and retest of small descending trendline.
Looking for the last 100 pips off Gold after amazing past 3 positions that were absolutely killed. A bounce off daily resistance 1685 into weekly support 1671.
Trade from last week still running looking for further opportunities especially after break and retest of 1708.
Nice break and retest of 1.80000. Looking for longs into next daily resistance of 1.82000. Good risk reward.