Thetraderscollective

Thetraderscollective

Gold buys: - Daily creating higher highs and higher lows - 4hr, 1hr and 30 min are all bullish - First target will be the previous high of c2665 and if we get a strong continuation signal could continue to 2685. - Stop is below the range its been in of 2625 creating a 1:3.37 risk reward

Thetraderscollective

Todays GBPJPY trade idea, higher timeframes are bearish (monthly and weekly) with Daily soon to turn (4,1 and 30 min bearish also) will wait for it to retest daily zone of interest (top yellow) before taking a sell. First target is lower daily level of interest highlighted in yellow at the bottom, before creating a new lower low.

Thetraderscollective Updated 

Quick gold buy jab at the market aiming for c140 pips

Thetraderscollective

Hey Gang, Sorry I've been off sick for a week but here's my main bias for gold going into FOMC next Wednesday. Currently we are seeing traders find any excuse to dump gold this month which gives us the opportunity to buy gold pullbacks whenever possible. Key Levels are highlighted in green but main bias is bullish: - 2715 and 2723 are the key intraday levels to...

Thetraderscollective

Gold has been in a 100 pip range for the whole week so far (2636-2646) despite news events that have favoured the USD. With rejections of 2640 support getting stronger my bias is still BULLISH albeit only slightly leading into NFP on Friday. Trade ideas for today and tomorrow: Bullish: - 2655 buys - 2670 safest buys Overall target being between 2685-2700s...

Thetraderscollective

Golds at a key area now, we had a bullish run breaking above the bearish downtrend that had been held since Nov 22nds high and we are retesting and hovering around the 2640 key level. We also have an ascending trendline from yesterdays lows of 2623 which seems to be holding for now and so a breakout is imminent. Potential trade ideas: Buys: - Break and CLOSE...

Thetraderscollective

We saw gold push bearish over Asian session with the month starting off and Trump tweeting about 100% tariff's against BRICS. This however wasn't able to have gold break below the 2623 key level it tried multiple times last week to break and we are already seeing a rebound creating a wick of c200 pips and counting. With that being sain my trade idea is still...

Thetraderscollective

Quiet on the news front today, and with it being the last trading day of the month before we head into the final month of Q3, we could see either high liquidity or a subdued market. During the Asian session, gold moved 240 pips, breaking yesterday’s highs and reinforcing 2647 as a key support level. For today, I’m bullish on gold. I’d look for buy opportunities...

Thetraderscollective

Current trade idea for gold, with today being a bank holiday in the US I would expect lots of liquidity during London session as we ae also approaching the end of the month. If we can just hit the top of this range again id be happy and would only look for further buys if we break AND CLOSE above 2655. As always happy trading

Thetraderscollective

Given the price action we are getting early today and the news coming throughout New York this is my current trade idea. Full analysis will be down before New York open.

Thetraderscollective

Between trumps tweets and a potential ceasefire we saw over a 1,000 pip drop on gold yesterday as demand for a safe haven asset diminished (also why DXY fell) As we start to edge closer to FOMC minutes with the rate decision on the 18th we are seeing a rebound of gold at 2631 area the area we also saw as support this time last week so my bias is still buillish...

Thetraderscollective

Asian saw us have a pullback to start the week of c600 which sounds large until you factor in last weeks gold candle closed bullish around 1,500 pips due to new fear uncertainty and doubt surrounding Ukraine/Russia. And so a 50% correction was expected. That does now however give us a 500 pip range to play with back to the Asian highs of c2722. Trade...

Thetraderscollective

Market Context: Key Levels in Play Gold Movement: Consolidation Range: 2664 - 2670 pre-Asian session. Breakout Zone: 2676, now a support level. DXY Dynamics: Current Position: c107, a significant level not closed above since November 2022. Potential Setup: A bearish reversal for the dollar, possibly forming a double top on the weekly timeframe, which could...

Thetraderscollective

Final idea for gold for today - last 4hr closed bearish but didn't engulf previous. I could see a pullback to 2655 liquidity zone if we get a 30 candle close below 2664 before heading higher. If not id be waiting for gold to break above 2676 before jumping back in buys. The setups come. Be PATIENT. Remember you get rewarded for your patience not for your time on...

Thetraderscollective

Despite short lived pullbacks Gold has remained bullish from Asian into London session with breaks above 2664 key level. Todays ideas: Bullish - Overall target 2707 - Pullback buys at 2664 if gold fails below - 2687 and 2697 buys Reassess positions once 2707 is hit and after unemployment claims Potential Sells: - Only if we get a break and close below 2664 we...

Thetraderscollective

Overall: - Bullish bias unless we break and close below 2612 - Can retest 2612 trendline before creating a higher high - 2631, 2640 and 2647 buys with first target being 2655 With no news today that should move gold dramatically it will be mainly technical analysis motivating todays move unless we get new fear uncertainty and doubt re Russia/Ukraine

Thetraderscollective

With Gold having a near 100 pip move over Asian session and stalling now at c2625 key level we are at a area of importance where we have to wait and see where gold will go. Trade ideas: Bullish: - If we pullback to 2612 area and fail to break lower that could give us the momentum we need to break through 2627-30 liquidity zone to retest higher areas of interest...

Thetraderscollective

On the daily gold has created a head and shoulder pattern beginning September with a left shoulder c1826 and a head for most of November around 1864. 1826 has been a zone that gold has rejected consistently since July 2021 apart from in November to create the head and the last time it tapped that zone was last week with today showing clear signs of rejection and...