XAUUSD TRADING ANALYSIS - Page 43

A

@asuquokelvin - 7 hours ago

Quoted - godspowerdan

Then we look out for sells

If a sweep doesn't occur above that level I just marked @ 4038.191 I won't sell

0

2

A

@asuquokelvin - 6 hours ago

Quoted - godspowerdan

That level looks okay, for price to trade from there, it will have to engineer liquidity before tapping into that POI

What am seeing on gold is a reversal coming, it has formed a double bottom with an engineering liquidity, so if we start seeing protected lows then price is reversing not retracing

0

1

A

@asuquokelvin - 6 hours ago

Quoted - nsg_usd

XAUUSD- I'll wait for the double bottom to completely form.

Reversal is coming on a lower timeframe, it's forming a double bottom on a lower timeframe in 1hr if protected highs starts coming then no need for the continuous sells

0

A

@asuquokelvin - 5 hours ago

Quoted - nsg_usd

It is so because price is finding a closing price for the month, and the upcoming interest rate, can set the tone for next month.

You are really correct, and price is reacting to interest rate , seriously didn't even check or consider that at all, just check the chart image I have marked out my projection, if price make another bullish leg that will be a confirmation for me to go long

0

G

@godspowerdan - 4 hours ago

Quoted - asuquokelvin

If a sweep doesn't occur above that level I just marked @ 4038.191 I won't sell

Price is actually selling from that orderblock after inducing that high

0

G

@godspowerdan - 4 hours ago

Quoted - asuquokelvin

If a sweep doesn't occur above that level I just marked @ 4038.191 I won't sell

The sweep has occured

Did you sell from that your zone?

0

G

@godspowerdan - 4 hours ago

Quoted - asuquokelvin

What am seeing on gold is a reversal coming, it has formed a double bottom with an engineering liquidity, so if we start seeing protected lows then price is reversing not retracing

Gold has sold from that level. Price will not buy until it has taken out a protected high

0