GOLD 4HR ANALYSIS 12/12/2024
Dec 12 at 10:49
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7 Replies
Member Since Nov 23, 2021
12 posts
Dec 12 at 10:49
#XAUUSD 4hr tf we see price is hovering near term resistance with a rejection wick signaling a strong resistance at 2720..on 1hr ltf show bears are stepping in the bullish momentum seemingly ceeding.if 2720 fails to hold price might test bearish OB 2733-4..otherwise it a sweet spot for breather pullback on recent low 2686-7
tell me what you think
tell me what you think
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THE GOAL ISNT TO BEAT THE MARKET RATHER TRYING TO HAVE AN EDGE IN IT.
Member Since Oct 16, 2024
24 posts
Dec 16 at 07:52
what about today?
Member Since Nov 23, 2021
12 posts
Dec 16 at 10:36
if i had got your notification earlier i would have advised a minor scalp buy on our demand area @ 2644.6 with take profit @ 2665 /2670 area as we see asian session has bee dominated with buyers
but be on the sell side in new york session targeting bearish order blocks on higher time frame..as we are following the trend trading from previous lower highs attacking lower lows..
but be on the sell side in new york session targeting bearish order blocks on higher time frame..as we are following the trend trading from previous lower highs attacking lower lows..
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THE GOAL ISNT TO BEAT THE MARKET RATHER TRYING TO HAVE AN EDGE IN IT.
Dec 16 at 22:55
Nice! I traded this on the short side to that H4 level there. Recently started trading Gold after trading cryptos I like the way it behaves.
What are looking for next? Are you looking for that low to break or are you looking for a trend change and waiting for longs here?
Looking to learn more from people here! Thanks!
What are looking for next? Are you looking for that low to break or are you looking for a trend change and waiting for longs here?
Looking to learn more from people here! Thanks!
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No gambling!!!
Member Since Nov 23, 2021
12 posts
Dec 17 at 09:25
FX_Twin posted:since yesterday i've been in the stands didn't take any trade although i would have taken us30 short because of bearish sentiment followed by textbook price action of lower lows and lower highs.
Nice! I traded this on the short side to that H4 level there. Recently started trading Gold after trading cryptos I like the way it behaves.
What are looking for next? Are you looking for that low to break or are you looking for a trend change and waiting for longs here?
Looking to learn more from people here! Thanks!
back to your question ..i do trade classic supply and demand with structural elements of SMC..
GOLD has been on a massive downtrend since thursday open until yesterday where we see 2644 mark which serves as a resistance turned support area ..that did held over yesterday asian and london session peak of 2654 but receded down on new york session closing at range structure 2652 low time frame.
price has 78% retraced from thursdays peak on 4hr..with no clear indication of whether price would reverse but higher chances of retesting previous week low of 2627.5 if we break latest previous day low..so short are imminent
proceed with proper risk management i advise 0.1%-0.25% of your account to target 2/3 RR
for longs you want to see price breaking previous lower highs for clear indication of market structure change t target the next lower highs.
have a great trading session
THE GOAL ISNT TO BEAT THE MARKET RATHER TRYING TO HAVE AN EDGE IN IT.
Member Since Nov 23, 2021
12 posts
Dec 17 at 11:25
did you get the entry?
THE GOAL ISNT TO BEAT THE MARKET RATHER TRYING TO HAVE AN EDGE IN IT.
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