Migdad_A

Migdad_A

Bullish structure. A bounce off the trendline and support level. I'm lazy too explain the setup😂

Migdad_A

Market structure is bearish and we bounced off a SnR Flip zone. It's also reacting to the 38.2 fib level. USD is quite bullish fundamentally. Hence, should be a good one. Let's go. Simple analysis 👌

Migdad_A

After a slow structure formation to the upside. The market broke out of the wedge pattern and the support zone around the 2925 price level. First level target is the 2900 price level and might go a bit further. The USD is showing a bit of Strength which makes it reasonable to sell gold. This is only short term biased.

Migdad_A

After wicking 2 previous day lows on monday 22/04 and testing daily support zone(71.5 - 81), price then formed a W pattern and gave a bullish engulfing. Combined with weak US Dollar I'm gong inclined. Awaiting price to breach the resisting zone we are at the moment. Note that OIL is on bullish trend long term.

Migdad_A

Price broke above resistance amid USD weakening hence we wait for retracement and an entry long. USD news release yesterday, PMI imposed weakness on US Dollar

Migdad_A

Gold broke out of grey trendline and the 4h zone(1970.50 - 1975.40) on 19/05 (friday) then retested it and now forming a triangle pattern. Looking to take a long position if a candle pattern presents on smaller zone (purple zone within the grey) or if there is a break of bearish trendline of the triangle pattern up until the black trendline above

Migdad_A

After the break of the 1972 - 1950 level, price came all the way to the zone below 1950 - 1952 and bounced off, now heading back to the upper zone probably for a retest before finally selling off.lets see what price do around the zone though. Now looking to take a short term buy to that upper zone if price gives me a signal at the purple zone(LTF zone) which...