XAUUSD TRADING ANALYSIS - Page 53

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@asuquokelvin - 13 hours ago

Quoted - nsg_usd

price created double bottom, and then rally strongly. Expecting shallow pullbacks.

Those were the protective lows, I made reference to

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@asuquokelvin - 13 hours ago

Quoted - nsg_usd

Instant execution was the best fit for this Gold buys.

But my entry which is a limit entry still worked out

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@asuquokelvin - 11 hours ago

Quoted - nsg_usd

price created double bottom, and then rally strongly. Expecting shallow pullbacks.

Scalping gold sells base on the following reasons,

1. Gold rallied up breaking above key resistance level without giving a pullback level for buys

2. Price started selling on the 15min timeframe but haven't broken the neck of the double top formed

3. Price is in a supply zone in the 1 min timeframe

4. Price just closed below a fair value gap giving an inverse fair value gap which gives more reasons to go low

@israeljasspu @godspowerdan @nsg_usd

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@asuquokelvin - 11 hours ago

Quoted - asuquokelvin

Scalping gold sells base on the following reasons,

1. Gold rallied up breaking above key resistance level without giving a pullback level for buys

2. Price started selling on the 15min timeframe but haven't broken the neck of the double top formed

3. Price is in a supply zone in the 1 min timeframe

4. Price just closed below a fair value gap giving an inverse fair value gap which gives more reasons to go low

I dot stopped out on this trade because

1. Checking the left side I sold from a bullish order block

2. Price was at a reversal or turning point from bearish to bullish

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@godspowerdan - 11 hours ago

Quoted - asuquokelvin

Am sure gold pullback has just started

A break below that level with confirm the pull back for me

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@godspowerdan - 11 hours ago

Quoted - asuquokelvin

Gold has broken key levels that we expected now is the time to look for available opportunities at pullbacks to trade, looking at the chart image there are 3 fvgs and the second one is at demand, at 38.2 to 23.6 level

Yeah. I'd love to join the sells once price breaks below the marked level

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@godspowerdan - 11 hours ago

Quoted - asuquokelvin

Price will drop down to that level, right now it's making a head and shoulder pattern, I will wait for the neckline to get broken then I will join the sells for at least 500pips then close

The head and shoulder pattern is already giving the narrative

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@godspowerdan - 11 hours ago

Quoted - asuquokelvin

Due to the buying momentum, you don't expect price to reverse so easily at that level

It thinks it will drop gradually

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@godspowerdan - 11 hours ago

Quoted - asuquokelvin

Looking at it closely the pullback has already started, so it's just to follow the trend and don't trade against it

Yeah exactly

I'm waiting for the sells to be confirmed

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@godspowerdan - 10 hours ago

Quoted - asuquokelvin

Scalping gold sells base on the following reasons,

1. Gold rallied up breaking above key resistance level without giving a pullback level for buys

2. Price started selling on the 15min timeframe but haven't broken the neck of the double top formed

3. Price is in a supply zone in the 1 min timeframe

4. Price just closed below a fair value gap giving an inverse fair value gap which gives more reasons to go low

Very valid.

I'm yet to confirm my sells

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

Price just traded higher

I caught a buy on gold again after the sells failed

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

A break below that level with confirm the pull back for me

I bought on scalp and closed at 3k for the position after I closed at break even for the other two but trades

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

A break below that level with confirm the pull back for me

I bought on scalp and closed at 3k for the position after I closed at break even for the other two but trades

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

Yeah. I'd love to join the sells once price breaks below the marked level

It has broken that level, giving a pattern close to heads and shoulders but I will trade sells again from that order block level I box

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

The head and shoulder pattern is already giving the narrative

Has actually broken below and has given a good selling opportunity, to take trade from that box level

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

Very valid.

I'm yet to confirm my sells

Reassess your chart the sells has been confirmed

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@asuquokelvin - 9 hours ago

Quoted - godspowerdan

Yeah exactly

I'm waiting for the sells to be confirmed

The sells has been confirmed I will be selling from there once I get the confirmation

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@godspowerdan - 6 hours ago

Quoted - asuquokelvin

I caught a buy on gold again after the sells failed

How did that go

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@godspowerdan - 6 hours ago

Quoted - asuquokelvin

I bought on scalp and closed at 3k for the position after I closed at break even for the other two but trades

Good trade man

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@godspowerdan - 6 hours ago

Quoted - asuquokelvin

I bought on scalp and closed at 3k for the position after I closed at break even for the other two but trades

5 positions that's quite risky

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