XAUUSD TRADING ANALYSIS

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@asuquokelvin - 1 month ago

After Gold pump yesterday price has overbought to the upside, and it's time price rebalance again, so I want to sell gold from the 15min timeframe down to demand of that 4hrs bullish move

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

After Gold pump yesterday price has overbought to the upside, and it's time price rebalance again, so I want to sell gold from the 15min timeframe down to demand of that 4hrs bullish move

That's a valid sell.
Expecting the sell reaction at the 4500-resistance zone to retreat price down for a retest of that minor support at 4430 price level, a break below that level, and price will drive down to 4360 for buy continuations.

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@asuquokelvin - 1 month ago

Looking out for a gold scalp today, a close below 4587.910 will give a bearish confirmation for short

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

Looking out for a gold scalp today, a close below 4587.910 will give a bearish confirmation for short

It's good for sells scalp. Possibility of double top formation at the 4602 price level.

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@asuquokelvin - 1 month ago

I don't trade expectations but reactions, I waited for gold to trade below 4587.910 so as to sell base on breakout and retest, but gold rejected close to the level and bought even higher, so i decided to buy instead since there was no selling pressure, i entered first, and added as the trade progressed

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@asuquokelvin - 1 month ago
Quoted - nsg_usd

Alright. good to stay with the trend.

Closed out of the buy am on the sells, price just changed direction immediately I closed out of the buy, holding the sells with my SL half of what I made from the buy, the sells Reason is because price after pushing up, came down smoothly breaking a key structure area after sweeping the double to level on 15min timeframe

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@asuquokelvin - 1 month ago
Quoted - nsg_usd

That's Valid

I closed out of the sell again in massive profits today, you can see all my profits, my scalp today was really good

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@asuquokelvin - 1 month ago

Hitting a gold scalp today and made 11k from it , first I had to draw my swing low to my swing high made it my trading range, I took my fib tool plot the discount and premium level of the trading range, then waited for price to fall to 38.2 level of the fib retracement, then I used the single candle sweep methodology, waited for the second candle to sweep the first candle on that 1min timeframe then after that the third candle was supposed to sweep but couldn't so I had to wait for a fractal change in state of delivery (CISD) then when that happened I entered with an instant execution, and price went up as far as taking my tp but since I just wanted to trade to the 81.2 level of the fib I closed manually because price could reverse downward I had a plan and I followed it properly and it all worked out I had a risk of 1:4 in mind but decided to close at 1:3+

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@asuquokelvin - 1 month ago

Took a sell trade on gold from an order block level:

Trade Idea: Gold is actually bearish from the 4hrs timeframe, going down to the 15min decided to mark out an order block level waited for price reaction around the order block, price got to the order block swept internal range liquidity and I entered sell position knowing that price will fall from the order block since the higher timeframe bias is already bearish

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@asuquokelvin - 1 month ago

Gold trade closed successfully, price got close to tp the best trade is not complicated it's just a simple model

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@nsg_usd - 1 month ago
Quoted - asuquokelvin

Gold trade closed successfully, price got close to tp the best trade is not complicated it's just a simple model

Gold is still confined to the bullish consolidation channel, Sells within the channel are very valid, until price disrupts the sequence .

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