I'm paying attention to the candles more and I see a lot of bearish engulfing candles so the market might hit 2504.
It might not consolidate that long but I believe it will drop temporary.
I'm learning to trade what I see and not what I think, But I study Gold non stop and has reached a new high at 2528. I believe it will consolidate go down to my 15 min green trend line then head back up.
The market did exactly what I thought it would. I said Sunday that the market would make it to 2520. I took a look at the things I did right with the trade. I waited for a break and retest , I marked up a trend line on the 15 min and even though it broke a little and went a little under I knew it would stay in that range because of my trend lines.
I'm waiting to see if the market will bounce off my 15min trend line and return back up . Lets see
So i def think its going to reach 2520 this week . I also caught that morning star on the 15 min/30 min for an extra confluence.
So it seems like DXY is creating a double top so I believe the dollar is going down and the first TP for me would be 101.500.
The market did exactly what I thought. It bounced of my 1hr trend line and now working itself back up to my target. 2520
The market is currently consolidating but I believe it will go down touch my one house green trend line then go back up, my target maybe would be 2520.
I think the market will fasho go down and eat that imbalance up .
1. Overall down trend 2. It broke my up trend 3. Evening star on 4hr 4. Price is going into a consolidation I have alerts on the 5 min around the consolidation just to monitor the direction.
Ima scalper so I just want quick moves but I believe it’s going up . 1. Price broke consolidation , 2. Price is above ma , 3. Respecting uptrend ; 4. Target area is a area of imbalance.
I’m a scalper so I’m just looking for small good moves . So I believe if gold breaks my green uptrend it’s going down even if it’s for a little . My target right now is 1910 and my second tp is 1904.17 OANDA:XAUUSD
I’m waiting on gold to break out of consolidation . I see signs that it’s going down . From my own trend bias , to price kinda being under the moving average to the engulfing candle on the 1hr
If it continues to respect my daily I believe it will break my consolidation and head up.
-4hr morning star - price above MA - waiting to see a break and retest within my consolidation area But I believe it went lower a while and it’s slowly building itself up if it break my red counter trend line it’s going up .
It broke my counter trend It also broke and retested my consolidation box It’s under my ma So I believe
Price is in an overall up trend , I have a counter trend line lets see if it respects it or breaks it . I think it might break because I see a morning star creating on my 4hr midpoint. so lets see