UnknownUnicorn81677384

UnknownUnicorn81677384

We had a strong push down during Asian session breaking the channel to the downside, i am looking for a continuation down. I will wait for price to retrace back to the bottom of the channel retesting the bottom of the channel and the 1h volume sell zone. I never just enter after price retraces back into my volume zones, i first need to see the correct...

UnknownUnicorn81677384

Looks like XAUUSD has already made the move that I was waiting for during Asian session. I will monitor the market to look for a potential retrace back into the 1h volume sell zone to take more shorts, but at the moment if the market does reverse back to entry I would be skeptical to enter because the market can easily just continue the bull run. Even though we...

UnknownUnicorn81677384

Good morning traders. Technically and fundamentally nothing has changes since yesterday the only thing that can change the direction of the Gold market this week will be the NFP data release tomorrow. But until then my outlook remains the same as yesterday. We do have a very slow week this week. Trade safe and refrain from taking a trade just to be in the...

UnknownUnicorn81677384

Technicals: Looking at Gold at the moment we can see that we failed to break higher yesterday creating a new LH, it could be that we just need more buyers to push gold higher. There is is a possibility of a range bound market until Friday when NFP gets released. But for now I there is no reason to switch to a bearish bias. We have 2 possible 1h volume buy zones...

UnknownUnicorn81677384

Technicals: Looking at Gold at the moment we can see that we failed to break higher yesterday creating a new LH, it could be that we just need more buyers to push gold higher. There is is a possibility of a range bound market until Friday when NFP gets released. But for now I there is no reason to switch to a bearish bias. We have 2 possible 1h volume buy zones...

UnknownUnicorn81677384

Good day Traders New month new opportunities. Technicals: We can see that yesterday we moved down to my 1h volume buy zones (both of them) we came to the first one where we broke lower to take out the early buyers and to grab more liquidity. After breaking lower and retesting the lower 1h volume buy zone we broke back above the top buy zone indicating a...

UnknownUnicorn81677384

Last day of the month we can expect possible profit taking on the Gold market than can cause increased volatility and uncertain moves, trade with caution. Technicals: The market came into my first AOI, now i am waiting for NY session to see if i we can get another touch into the zone and a entry confirmation to continue bullish, if we however break below the...

UnknownUnicorn81677384

Technicals: For me personally Gold is too high to buy and too bullish to sell, so i need to see a pullback back down into one of my zones. Fundamentals: Fundamentally nothing has changed, there is no data driving the market down, we do however have the US GDP data release later today that can give us a pullback to go higher, we also have the Jobless Claims for...

UnknownUnicorn81677384

The target from yesterday was hit just now. TECHNICALS: Daily, 4h and 1h timeframe all still bullish, there is no reason to move against the trend, the trend is your friend. Today we can see that we have formed a new volume buy zone where can look to execute our longs. We can expect a pullback back into the zone then after getting our confirmation candle we...

UnknownUnicorn81677384

TECHNICALS: Ons the daily timeframe we had a strong bullish closure, the 4h is still showing signs of potentials upside. Combining the daily and the 4h timeframe i am still cautiously bullish at the moment. On the 1h timeframe we can see a volume buy zone around the price point of 2500. I expect a push lower to that volume zone to take out the early buyers. ...

UnknownUnicorn81677384

Looking at the technicals gold is still very bullish and we can wait for the pullback to finish for us to capitalise on the longs. Fundamental key points to look out for: - Gold prices stuck after reaching a historic high above $2,500; traders anticipate the Fed’s next move at Jackson Hole. - Powell's upcoming speech at Jackson Hole may signal a rate cut,...

UnknownUnicorn81677384

Friday gold finally broke higher and created a new ATH. The current market sentiment is still extremely bullish and we can expect Gold to keep moving bullish today, technically we can see that ons the daily, 4h and 1h timeframe we are creating HH and HL’s. I want to see a nice pullback to the 50% of my daily en 4h zones to create a HL and then from there on we...

UnknownUnicorn81677384

Good day Gold tried pushing lower 2 times now without it succeeding. The bullish market sentiment remains very strong despite inflationary data being released, this confirms to me that we might see a new all time high in the next few days.

UnknownUnicorn81677384

Market structure on the daily, 4h and 1h timeframes remain bullish. On the chart you can see 2 possible buying zones to continue going long. I will wait for the market to tap into the zones and then give me my confirmation to go long. As for fundamentals today we don’t have anything of importance. But later in the week we do have some economic data releases that...

UnknownUnicorn81677384

Yesterday we had a nice push on Gold causing the daily candle to close very strong bullish. After a close like that we can expect a pullback to happen and only after that see the continuation higher. On the 1h timeframe we broke the previous lower high and formed a new higher high. What I can see is that the 61% Fib levels aligns with my top 1h volume buy zone....

UnknownUnicorn81677384

We tried breaking the buy zone but failed to create a lower low. we then broke back above the buy zone creating a support to go higher. I am looking for the market to go long into 2412. We can start looking at sells again once we break below 2381.185 when we create a lower low, then I will look for sell zones once again. Fundamentally, we only have the Jobless...

UnknownUnicorn81677384

Looking at Gold today we can see that yesterday we had e very decent pullback back into a volume sell zone to possibly continue moving lower. Looking at the fundamentals we do not have anything on the economic calendar today that will have a big impact on the price of gold. Gold already started moving away from the sell zone (about 60 pips). For me personally i...

UnknownUnicorn81677384 Updated 

Overall Gold is still in a bullish trend, for us to start trading bearish we need a strong daily bearish closure. On Friday following the NFP data release gold started pushing up and then had a huge drop. The data that was released is deflationary making it bullish for Gold. Now we can see that we have 2 volume buy zones, I will look to see in which zone I get...