Yesterday we attempted to buy 2363 lvls and 2383 lvl. Price pushed lower taking two sl hits worth -60 pips. Price closed cancelling our buy idea. Support becomes resistance. We will sell 2363 sl 2366.
Gold is currently testing support lvl at 2383 . We should expect gold to find support there and move upward to 2402 . If price moves lower I would buy at the next support lvl ( 2363 ) and take that back up. Gold is in a major uptrend and will find more support and move higher. My expectation is $2500. We risk at our lvls(2363,2383). If gold moves lower we...
Yesterday, we sold at the 1937 resistance level, but the price subsequently broke to new highs, resulting in a -30 pip loss on our 1937 sell position. With the price now above this former resistance level, we anticipate it to act as a new support. Our strategy is to initiate buy positions at 1937 with a stop-loss set at 1934. As previously mentioned, our target...
Price is Approaching 1937 resistance. We took buys before news came out at 1914. price will eventually go to 1961 but as price approaches its first resistance we will activate sells for a minimum of 100 pips. if it breaks we re enter on the retest with buys instead.
Gold has broke our 1961 lvl and closed below confirming sells to 1937 . We have taken sells and are holding for 1937 take profit. Once 1937 hits we will take buys from there back to 1947 and then possibly 1961 again. Trading this with a 30 pip sl. Taking buys at 1937 .
Sell level hit at 1984, expecting price to move down to 1961 for some buys back to highs. If 1961 breaks gold will move as lower back to 1937 range. if price breaks 1984 we will see highs back to 2007.
Gold made its way to our 1955 level. We took profit on our buys from 1930-1933 range to close for +250 pip move. We took a 30-pip loss on 1955 level after it was broken and reset for buys on the new candle. We will risk buying here from 1954 sl 1950 we will aim to take this to 1974. If price breaks back under 1954 , we will likely stay out and wait for better...
Gold has broken above our 1933 level giving the impression that gold will move higher. I've entered buys from 1930-1933 range to take to 1955. The price is at a very important level and this will decide if we hit new highs or new lows. I am expecting gold to move to 1954 and sell off from there. Either way we move level to level. I'm waiting for sells at 1955 or...
Gold will likely continue higher for the start of this month. we should see a rise in gold prices for a short period of time. I am expecting gold to use 1909 as support for the start of this week and head up back up to 1925. If 1925 breaks price will head to 1939. Taking buys from this level.
The market has opened and prices are steadily drifting on top of 1925 zone. I believe highs will be retested again. I currently have entered buys at 1924-1925. i will take this back to 1937-1939 area.
Gold continued to move lower under 1925. my next lvl and next trade will be buys from 1909 to 1919-1925. once in profit i will secure trade. If price continues lower we will likely see 1893.
Gold at 1925 became unsustainable because of fundamental news influences (Powell Speech etc.). 1925 will now be an invalid level to take a trade on so now we must prepare for the reaction. im looking to sell gold if it retests 1939 and if gold continues to push lower i will buy 1909
We will be buying at 1924/1925 to take gold back to 1939. Gold will then drop lower possible back to 1880s. OANDA:XAUUSD Gold is on a strong decline. This is an intraday trade.
Gold broke lower under our support level(1955). Support will now become resistance. gold will sell off from 1955 to 1939. Monthly candlestick pattern will play out. Gold will likely go back to 1880s.
I believe gold will drop to around 1910 and reverse for highs there. If it falls further will look for buys around 1880.