its easy to get shook but if you look at my wave structure it was already antcipated the drop hehe
xau usd long 1505 then we re calibrate positions when there
mini bear cycle completion towards 9078 then take buys from there and ride up
gold is just trying ot fill demands and grab liquidity from 1517 and then we will continue i further down into the 1470's
here is why last rate cut in sep did the same as may we were rising price in a falling wedge, price did a fake breakout then double bottom before exploding back up this is what will happen today price will decline as we get the cut then fulfill order below then shoot up to create new highs and new support
We are stuck ranging any break above yellow line is a buy. A break bellow the bottom yellow line is a sell. Follow this guide if you are looking to make profit during tomorrow's explosive trade day. A lot of accounts will be wiped while others will profit. Don't be a pig and get slaughtered
theres a lot of chatter of which way the trend will go for tomorrow fomc. in my opinion these pockets provide simple perfect trades for anyone looking to enter. The trend lines are shown in white. Price broke above resistance once but failed again multiple times leading me to believe it is headed towards a sell. However right now is london session and its too...
Keeping it very very simple just super basic TA nothing over complicated. Sure behing the scenes there were more going on but those are just extra confirmations.
Just a breakdown of why price behaved as it should in its most simplest form without over complicating. Granted there are multiple reasons behind as to why price went up whether it be sentiment & fundamentals. We will stick to the basic Technical. Even behind the scene there are multiple technical reasons as to why price went up from patterns to waves to zones and...
price will rise to 88 then fall to 77 then go to 1527
look at 1488 very key zone failure to break below in the past and shot straight up.
"Millionaires don't use astrology, but billionaires do" J . P M O R G A N
at the end of every rainbow is a pot of gold
Gold at the best position right now to take trades. There are two valid scenarios which gives us the confidence to take either buys or sells accordingly to how the news will affect the market tomorrow. Be willing to lose some pip momentum when placing these entries. Our goal isn't the most earliest entry (bc they can be premature and go the other way, before going...