Waiting... ⏰Gold - Current DL is my POI for London, if we make support with confirmation ill look for buys and vica verca on the sell side, ideally for buys want to see a fakeout of the lows before closing back inside Asia range then potentially heading up to the DH, but lets see..
More red folder news later again on the USD so we might have some choppy PA again on gold until then!
Let me know your thoughts!
Goldsell
GOLD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD :: The beginning of the downward trend .GOLD :::
The price has reached the ceiling of the channel, now it is time to drop.
The price will show corrective movements for some time in relation to the middle line and finally it will continue its movement towards the bottom of the channel and the range of 1912 will be one of its first collisions .
Previous analysis ::::
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Gold Sell IdeaGold has been in a long uptrend for sometime now. The bulls continue to push price upwards but now gold is in a very strong resistance, price will likely reverse from here 1949 and will move downwards to 1807 region before going up again.
Confirmation for sell we are currently in a 4 hour rising wedge, which is a reversal pattern and is fully matured and ready for a drop.
Waiting...3 places im looking for buys today (One will be a straight break and retest if we break the highs), or if we fake-out current days high and take out the current days low i'll be looking for reversals for buys around the 1939.000 level, if that breaks i'll be waiting for price to hit the demand near the 1H low (Close to Ydays imbalance fill) and see if we get confirmation there!
Let me know your thoughts!
Waiting...Gold - waiting to see if price breaks above 1935.890 for a straight daily continuation, if price fakes the HOD it will probably attack the LOD, if so ill be looking for confirmation/buys around 1929.400 and if that breaks i'll be looking for shorts down towards 1916.500!
Let me know your thoughts!
Gold Top down analysis, what can we expect? Hey guys, im loving this video recording feature on Tradingview so far, much easier to explain ideas!
So i've done a top down analysis here, from the weekly down to trades im potentially looking to trade tomorrow and what we can potentially expect with CPI tomorrow!
Let me know your thoughts in the comments, thanks guys!