wajidalikhan2123

wajidalikhan2123

Gold being in new zone of 1611 to 1729. Specially 1700-1723 was an area where Gold have never moved for a long time and 16xx being so new that finding SNRs are near to impossible. So it is better to stick with daily SNRs indicated by Fibbo H1 setup and to strictly stay with 50 pips exit targets.

wajidalikhan2123

A bear flag and a double bottom formation at 0% 1665.64

wajidalikhan2123

Fibbo H1 indicating north but we need several rejections at several SNRs to enter as buy as the price is in between 0% - 23.6% there are three resistances to beat in fibbo and one Sma44 from 1698 to 1712. But in turn for a sell chance we need just one rejection from 23.6% at 1698.78. However for safe and strong positions LRB is at 1675-80 and LRS is at 1725-30.

wajidalikhan2123 Updated 

Fibbo H1 indicating north and the bullish symmetrical triangle is giving a buy signal. Just follow the pattern and plan your trade.

wajidalikhan2123 Updated 

All the big green news about US economy for the whole week can not put gold down instead it flies high. This is for one more time proved that Gold is not dependent on any element. When it moves it destroys all fundamental and technical work. So we should always use proper money management and induct mandatory Stop loss in our entries. And when these kind of...

wajidalikhan2123 Updated 

Possible " DT " and " M " formation in H1 in combination with GDP and JOBLESS green news.

wajidalikhan2123 Updated 

If 1634 broken then 1621 next station. In continuation the yellow path I see.

wajidalikhan2123 Updated 

Possible formation of M at 1626 and breaking it will lead to completion at 1600

wajidalikhan2123 Updated 

Gold has crossed (Not Broken ) MACRO FIBBO MN TF 100% 1670 and the rest of the large (W1-D1) TFs are aligned south with it. However smaller time frames are showing some bullish movements but the formations are also indicating south. Secondly for the sake of retracement and fibbo H1 indicating north, there is a possible movement towards 23.6% 1650.34 and we have...

wajidalikhan2123

Please let me know if you can see my live chart or not. Or is there any way to show. As I am busy with Income Tax Returns with my clients, so I am not able to post analysis on daily basis however I am putting current situations on chart if I find. Now if price breaks 1667 50% fibbo h1 then we are again testing 1650. BUY ZONE 1673-83 SELL ZONE 1653

wajidalikhan2123 Updated 

Fibbo H1 is indicating south but momentum has turned bullish so it is better to wait for a good top to enter as sell. MRS is at 0% 1680.41 A strong support is developing at 50% 1667.25 where Sma44 is also moving with it at 1668. If a price tags these two at same point then there will be MRB

wajidalikhan2123

Fibbo H1 indicating north and Sma44 at 1673.44 is at support but 50% 1676.14 is on resistance. Now there is a HRB at 1675 but for more confirmation let the price cross 61.8% 1681.44 and at least one sell candle should be rejected by this support then a MRB is more likely to happen. On the other hand if the price gets a resistance from 50% 1676.14 and crosses...

wajidalikhan2123 Updated 

This is a very new area to trade that was the reason I didn't worked or shared any post. But for instance 1658-63 is the last hope for a retracement to 1678-83. If i happens like this then we might see some changes and if the price get under this zone then 1580 is more likely to visit.

wajidalikhan2123

The reason I have not posted any analysis for two days is the area price hovering around. As this area 171x to 169x, price have not stayed here for a single day in the past. Four times it dips, tags 167x and bounced back to 17xx same day. So there is no experienced SNRs here and this being the fifth time price have stayed here for two days in tite side ways. So it...

wajidalikhan2123 Updated 

Fibo H1 indicating south but if we notice price is gaining ground towards up on each day making HH and LH since it tagged the bottom 1693.77 on Sep 07, 2022. However the channel being created in most TFs indicating a sudden drop (not dip) at any time. So be careful this week and always enter by BE technique. Now price is facing resistance by 50.0% 1721.81 and...

wajidalikhan2123 Updated 

Fibbo H1 indicating south but the price is at 50.0% 1716.68 and Sma44 1716.55 both are immediate supports so an immediate but HRB is at 1717 with tite Stop loss just under these suports 1712. Because next buy option is at 100% 1703.90. A sell chance is again at 0.0% 1729.46 but watch out for the momentum it may cross and break it this time. On the other hand a...

wajidalikhan2123 Updated 

WAJIDXAUUSDCHANNEL, Fibbo H1 indicating north and the momentum has also showed his face towards north. So if today D1 close above 1723 then we may begin a short term upward trend or you may say a huge retracement upto 1753. For today a MRB is located at 61.8% 1713.38 and at the most 50.0% 1709.20 as Sma44 is on 1707.39 but few hours later it will be around...

wajidalikhan2123

You are absolutely rite bro. No analysis for today. Just wait and watch for price to take a direction first. Either it breakes 1723 for a buy or 1718 for a sell. But a proper break is required. Between scalping may do the job.